Piper Sandler Companies ($PIPR), a leading investment bank, has announced a definitive agreement to acquire G Squared Capital Partners, a boutique investment bank specializing in government services and defense technology located in the Washington, D.C. area.
Founded in 2020 by seasoned veterans Greg Nossaman and Greg Woodford, G Squared has quickly built a reputation in the sector. Nossaman, who previously served as a senior managing director at The McLean Group, and Woodford, a former senior management director at the same firm, bring over 20 years of experience in government services and defense technology.
This acquisition aims to bolster Piper Sandler's technology investment banking division, specifically enhancing its focus on the government services and defense technology markets. The transaction will see ten professionals joining Piper Sandler, including three managing directors.
Brian White, co-head of technology investment banking at Piper Sandler, commented, "G Squared has built a highly respected advisory practice serving companies at the intersection of technology, national security, and mission-critical government priorities. We are excited to merge their deep government sector experience with our cybersecurity and broader technology expertise to provide differentiated advice to clients in a rapidly growing market. This acquisition furthers the growth of our technology investment banking platform."
Greg Nossaman, co-founder of G Squared Capital Partners, noted the alignment of values, stating, "What drew us to Piper Sandler was the alignment—they share our entrepreneurial spirit, our respect for deep sector expertise, and our commitment to doing the work the right way."
Greg Woodford, also a co-founder, expressed enthusiasm about the acquisition, saying, "We’re excited about the reach and resources this gives us to better serve our clients. Through expanded product capabilities, our combination offers new ways to help our clients grow and win."
The closing of the transaction is anticipated in the third quarter of 2025, pending customary closing conditions.
Piper Sandler was advised by Faegre Drinker Biddle & Reath, while G Squared Capital Partners received guidance from Holland & Knight.
About G Squared Capital Partners
Established in 2020, G Squared Capital Partners specializes in M&A advisory services for private equity-backed platforms, founder-owned businesses, and publicly traded companies engaged with the U.S. federal government. The firm has completed over 50 transactions to date, including eight in 2025. G Squared’s principals have advised on more than 200 transactions across various defense and government sectors.
About Piper Sandler
Piper Sandler is dedicated to helping clients realize the power of partnership. With deep sector expertise and access to global capital, the firm continues to deliver impactful insights to its clients. Established in 1895 and headquartered in Minneapolis, Piper Sandler operates in multiple locations worldwide.
For more information on Piper Sandler, visit pipersandler.com and learn more about G Squared at gsquaredcap.com.