Piper Jaffray subsidiaries

Sandler O'Neill + Partners is a full-service investment banking firm and broker-dealer focused on the financial services sector. Its clients include a wide variety of financial firms nationwide, and increasingly, around the globe. The firm provides the full suite of investment banking services, including merger and acquisition advisory, capital markets, fixed income and equity trading and sales, equity research, balance sheet management, mortgage finance and consulting services to financial institutions and their investors. Sandler O'Neill is a partnership, and different by design. Since the firm's founding in 1988, its partners have sought to provide banks, thrifts and other financial services companies with an alternative to large Wall Street banking firms. The firm's focus has always been to enhance franchise value for clients within known, managed risk parameters. We provide clients a wealth of experience and knowledge more critical to them today than ever.

Simmons & Company International is one of the largest and most experienced independent investment banks specializing in the energy industry, offering unparalleled M&A advisory, capital markets execution and investment research. By leveraging the collective knowledge of their growing team of approximately 150 professionals, they stay on the forefront of the industry's trends, drivers and developments and are also positioned to access the most strategic opportunities for their clients. Over the last four decades they have established theirselves as a premier partner in virtually every energy sector, serving a worldwide client base ranging from institutional investors, public and private companies and private equity firms. Their extensive market coverage and industry knowledge has not only profoundly shaped their unique perspective, but empowers clients to understand the energy sector in a new light.