Piper Jaffray Cos. (NYSE: PJC) is acquiring energy-focused investment bank Simmons & Co. International for $139 million in order to expand services in an area where dealmakers expect to see more M&A.

The firm's latest  target, Simmons, provides M&A advisory, capital markets execution and investment research throughout the entire energy spectrum, including energy services, equipment, exploration, production, midstream and downstream. The Houston-based firm, founded in 1974, has executed more than 830 strategic advisory deals and 330 private and public financings valued at about $260 billion.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.