Piper Sandler in Talks to Acquire Perella Weinberg

Piper Sandler Cos. is in talks to acquire Perella Weinberg Partners, according to the Wall Street Journal, a deal that would combine two investment banks. A transaction could be finalized soon, though no agreement has been reached, the newspaper reported on September 29, 2026, citing unidentified people familiar with the matter. Piper Sandler carries a market capitalization of about $4.9 billion, while Perella Weinberg is valued at nearly $1.6 billion. Representatives for both firms did not immediately respond to requests for comment. Shares of Piper Sandler trade on the NYSE under the ticker PIPR, while Perella Weinberg trades under PWP.