Amherst Securities Group and Pierpont Securities have  merged, forming a joint fixed-income broker-dealer company known as Amherst Pierpont Securities, according to a company press release.

Amherst Holdings, Amherst Securities' parent company, and investment funds managed by private equity firms Stone Point Capital and General Atlantic will be major shareholders in the combined company.  Pierpont is currently owned by Stone Point and General Atlantic.   

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