Piper Sandler in Talks to Acquire Perella Weinberg Partners in Wall Street Advisory Merger

Piper Sandler is in discussions to acquire Perella Weinberg Partners, according to a report by The Wall Street Journal published on September 29, 2026. A deal would combine two prominent independent Wall Street advisory firms, with Perella Weinberg shareholders seeing a rise in the company's share price following the report.

Perella Weinberg, which trades on Nasdaq under the ticker PWP, has been on an active expansion path in 2026, completing the acquisition of UK advisory firm Gleacher Shacklock to bolster its European presence and having previously acquired Devon Park Advisors in late 2025 to build out a secondaries advisory capability. The firm reported revenues of $149 million in the first quarter of 2026, down 30% from a record year-ago period, amid a broader slowdown in M&A closings. Piper Sandler, which trades under the ticker PIPR, is a diversified investment bank with advisory, research, and capital markets operations.

No financial terms for the potential transaction were disclosed, and the talks were described as ongoing at the time of the report.