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I forgot to mention that I'm trying to do this across a large number of columns. There are nulls present in several of them.
I hacked together something similar to your idea @MarqueeCrew. I used the multi-field formula tool and and replaced all NULL value across all of those columns with a fixed value that would sort last (depending on whether it was alpha or numeric). I then did a group by / sort. After that, I used the multi-field formula again to replace the fixed value with NULL again. I don't like doing this like this and changing my input data, but the idea you suggested would require a number of helper columns.