NEW YORK, Apr 07, 2009 (BUSINESS WIRE) -- Piper Jaffray & Co. continued to grow its industrial growth team with the addition of Michael Coyne who will lead the firm's transportation and logistics business. Coyne joins Piper Jaffray as a managing director and will work out of the firm's New York office. He will report to Larry Zimmerman who recently joined the firm as the head of industrials and financial sponsor coverage business.

Coyne brings more than 13 years experience to Piper Jaffray where he advised in deals with public and private equity, mergers and acquisitions, leveraged finance investment grade debt and restructuring and convertible securities. Coyne joins Piper Jaffray after serving as an independent consultant for public logistic companies. Prior to that, he was a managing director in transportation and logistics at Bear, Stearns & Co., and was a director of equity capital markets at Deutsche Bank Securities.

"Adding Michael Coyne to our industrials team is an important step as he is a talented and experienced leader with broad product and sector expertise in the transportation and logistics area," Zimmerman said. "Michael's ability to bring innovative and constructive financing ideas to clients combined with his global experience will be a great asset for our clients and team."

Coyne earned a bachelor's of science degree in finance from Penn State University.

About Piper Jaffray

Piper Jaffray Companies (NYSE: PJC) is a leading, international middle market investment bank and institutional securities firm, serving the needs of middle market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed-income sales and trading; and equity and high-yield research. Piper Jaffray headquarters are located in Minneapolis, Minnesota, with offices across the U.S. and in London, Hong Kong and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (www.piperjaffray.com)

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SOURCE: Piper Jaffray Companies

Piper Jaffray Companies
Rob Litt, 612-303-8266