Background
G Squared Capital Partners LLC was a boutique investment bank specializing in the defense and government services sector. Established in 2020, the firm provided merger and acquisition advisory, debt and equity placements, and valuation analyses to companies operating within the aerospace, defense, and government services industries. With a team of seasoned professionals, G Squared Capital Partners aimed to deliver objective advice and establish long-term relationships built on integrity and trust.
Key Strategic Focus
G Squared Capital Partners focused on delivering strategic advisory services tailored to the unique needs of the defense and government services sectors. Their core objectives included:
- Mergers and Acquisitions (M&A) Advisory: Guiding businesses through every phase of mergers and acquisitions, from pre-transaction strategies to seamless closing processes.
- Capital Raises: Assisting businesses in securing private equity investments, minority equity stakes, term debt, and mezzanine capital to strengthen financial positions and support growth.
- Business Valuation: Providing comprehensive valuations for financial reporting, compliance, corporate governance, and strategic planning.
The firm specialized in sectors such as digital transformation, software development, space, cybersecurity, health IT, the intelligence community, professional services, and tech-enabled services.
Financials and Funding
G Squared Capital Partners was privately held and did not publicly disclose detailed financial information or funding history. The firm's operations were primarily funded through its founders and revenue generated from advisory services.
Pipeline Development
As a boutique investment bank, G Squared Capital Partners did not maintain a traditional product pipeline. Instead, the firm focused on facilitating transactions and providing strategic advisory services to its clients within the defense and government services sectors.
Technological Platform and Innovation
G Squared Capital Partners did not publicly disclose specific technological platforms or proprietary technologies. The firm's value proposition was rooted in its deep sector expertise and personalized advisory services rather than technological innovation.
Leadership Team
The leadership team at G Squared Capital Partners comprised seasoned professionals with extensive experience in the defense and government services sectors:
- Greg Nossaman, Managing Director. Prior to founding G Squared, Nossaman was a senior managing director at The McLean Group and one of the founding employees at The Windsor Group.
- Greg Woodford, Managing Director. Before co-founding G Squared, Woodford was a senior managing director at The McLean Group and a managing director at BB&T Capital Markets.
- Matt Brom, Director. Brom joined G Squared to contribute to its strategic advisory services.
- Libba Keith, Vice President. Keith played a key role in the firm's operations and client relations.
- Chris Kerrigan, Senior Associate. Kerrigan supported various aspects of the firm's advisory services.
The leadership team was known for its hands-on approach, with senior bankers directly involved in every transaction, regardless of size.
Leadership Changes
In August 2025, G Squared Capital Partners announced a definitive agreement to be acquired by Piper Sandler Companies, a leading investment bank. The acquisition was completed on September 15, 2025, with the G Squared team, including its leadership, joining Piper Sandler's technology investment banking platform.
Competitor Profile
G Squared Capital Partners operated in a competitive landscape with several firms offering similar services in the defense and government services sectors. Notable competitors included:
- The McLean Group: A boutique investment bank specializing in M&A advisory and capital raising services for government contractors.
- BB&T Capital Markets: A division of Truist Financial Corporation, providing investment banking services, including M&A advisory and capital markets solutions.
- KippsDeSanto & Co.: An investment bank focused on M&A advisory and capital raising for government contractors and technology companies.
- Clearsight Advisors: A boutique investment bank specializing in M&A advisory and capital raising for government contractors and technology firms.
Strategic Collaborations and Partnerships
Prior to its acquisition, G Squared Capital Partners collaborated with various industry leaders to enhance its service offerings:
- Truist and McGriff: Co-hosted the 2025 GovCon M&A Seminar, bringing together executives to discuss the government contracting M&A landscape and strategies for successful exits.
- Pillsbury Winthrop Shaw Pittman LLP: Collaborated on the 2025 GovCon Leaders Summit, fostering discussions among industry leaders on M&A, private equity, and transition planning.
Operational Insights
G Squared Capital Partners distinguished itself through:
- Senior Focus for Every Transaction: Ensuring direct involvement of experienced senior bankers in all deals.
- Proven Transformative Positioning: Shaping market perceptions with strategic storytelling to set the stage for successful transactions.
- Unwavering Commitment to the Middle Market: Tailoring its business model to align with the needs and dynamics of middle-market transactions.
- Selective Deal Approach: Pursuing fewer, higher-quality deals to ensure full attention to each client.
- Dynamic Process Management: Tailoring transaction processes to boost competitive dynamics and solidify certainty of closure.
- In-Depth Market Insights: Providing insightful and leverageable market insights through a formal buyer coverage model.
- Relationship-Driven Partnership: Fostering long-term partnerships with clients, focusing on their long-term success beyond traditional advisory roles.
Strategic Opportunities and Future Directions
Following its acquisition by Piper Sandler, G Squared Capital Partners' strategic roadmap included:
- Enhanced Service Offerings: Leveraging Piper Sandler's resources to provide a broader range of services to clients in the government services and defense technology markets.
- Expanded Market Reach: Utilizing Piper Sandler's global presence to access new markets and opportunities for clients.
- Integrated Expertise: Combining G Squared's sector-specific knowledge with Piper Sandler's broader investment banking capabilities to deliver comprehensive solutions.
