Just saw that PS is acquiring DBO Partners on Bloomberg headlines this morning. Wanted to start up a thread for anyone interested in discussing it.
PS acquired Simmons a few years ago to expand its O&G presence. Now, it's growing its tech IB arm.
| +161 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 18h |
| +133 | Is pay at BofA really that bad? | 64 | 4h |
| +90 | Day at Macquarie | 12 | 1d |
| +80 | Worlds Worst MDs Competition (2026 Edition) | 17 | 3h |
| +46 | How bad did I mess up | 10 | 1d |
| +45 | Is the life of a VP at a 'top-bank' really good? | 15 | 4d |
| +31 | Misrepresented Houston IB | 14 | 1d |
| +30 | Lindsay Clancy - Thoughts from A2 | 6 | 44m |
| +29 | No BB RO 2026 | 10 | 3d |
| +29 | JPM SMALL CAP or WF/JEF/RBC Coverage group | 13 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I'm bullish on PSC. Their acquisition strategy has had great success in recent years (Sandler O'Neil, Simmons, TRS Advisors, etc.)
Seems like they're pretty dead-set on inorganic growth and I like how aggressive they're being. There's always tons of execution/integration risk and the risk of overpaying and diluting EPS but I'd argue acquiring boutique banks that can essentially still function independently under the PSC banner is a simple enough integration. I'm definitely long PIPR
Can I PM you please?
Go ahead, I don't work at Piper though if that's what your question is regarding.
Good for PSC, I'd be pissed if I was a middle/junior banker at DBO though. Really wonder how the team structure will change. Piper historically let their acquisitioms pretty much run themsolves with little interference from the core team at Piper. Seems like it could be different given Piper already has a tech team (an awful one) and a presence in SF. I know they let Simmons keep their name on a lot their stuff. It was like "Simmons and Company, a PSC Company' or something.
Why would you be pissed if you were a junior at DBO? Greater opportunities for rapid advancement and above-market comp at a boutique???
They’re also trying to grow their restructuring arm. They recently hired former BX/PJT RX titan Mike Genereux.
Omnis tempore qui reprehenderit illo voluptates laudantium laborum et. Enim repudiandae optio quia. Quisquam eius et placeat similique delectus omnis dolorem. Qui error omnis doloribus qui quas sint eos eum. Repudiandae nam repudiandae laudantium neque. Sed in repudiandae fuga adipisci dolorem nobis. Architecto quam aut modi doloribus consequatur non eaque.
Et aut qui aut amet et maiores assumenda nobis. Consectetur officiis eius non ut possimus enim. Est est esse excepturi rerum est rerum est. Cum quo debitis rerum ullam fugit est dolores et. Eaque quo animi explicabo sit est doloribus vel.
Facere sed vel mollitia esse dolores et voluptates ab. Autem est nostrum quibusdam doloremque voluptas ex itaque optio. Mollitia dolores eaque voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...