Piper Jaffray Cos. is close to a deal to buy Sandler O’Neill + Partners for roughly $485 million, according to The Wall Street Journal.
A deal announcement could come as early as Tuesday, the Journal reported, citing people familiar with the matter.
New York City-based Sandler O’Neill specializes in advising community banks on mergers, debt issuance and equity offerings. Piper has been looking to break into the bank-advisory business for some time, as M&A activity continues nationwide, especially…
