Allegiance Capital Corporation Selling Dallas-based MultiCam
Date:
Topic Finance, Investment and Stocks
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Allegiance Capital Corporation Selling Dallas-based MultiCam
-/Wi-Fi Technology News/- Allegiance Capital Corporation, a full-service investment banking firm servicing middle marketing companies worldwide, announces the sale of MultiCam, Inc., a Dallas-based manufacturer of CNC cutting machinery used in a wide array of industries, to Blue Sage Capital Partners of Austin, Texas. Acting on behalf of the seller, Allegiance Capital was the investment bank on the transaction.
A recognized name in the industrial cutting system industry, MultiCam's products include routers, plasma, laser, water jet, and knife cutting machines. MultiCam has installed thousands of CNC cutting systems for companies in more than 50 countries for sign making, cabinet making, furniture production, woodworking, metalworking, HVAC, aerospace, marine construction, solid surface and plastics fabrication manufacturers.
Allegiance Capital was able to orchestrate multiple offers from both domestic and internationally based financial and strategic buyers, noted Brad Purifoy, Senior Vice President of Allegiance Capital. In the case of MultiCam, the founder wanted to stay involved with the company while creating a vehicle for his top management team to take over day-to-day operations of the business in addition to giving key employees an equity state in the firm. Given multiple competitive financial offers, the seller was able to make his decision as much on the chemistry between the two companies as the financial aspects of the transaction. He chose to go with Blue Sage Capital, a premier Private Equity group based in Austin, Texas who plans to let MultiCam’s competent management team continue to run the daily operations.
“Allegiance Capital did an outstanding job of achieving the goals I had outlined when I decided to sell the equity in my business,” Ken Koelling, founder of MultiCam stated. "The transaction went smoothly, and not only was I able to reap the liquidity I wanted for long term financial and estate planning, but Allegiance Capital negotiated a transaction that enables me and my employees to retain meaningful ownership of the business while we continue running and growing it much as we have in the past.”
About MultiCam Inc. (http://www.multicam.com):
For almost two decades, MultiCam has been manufacturing CNC cutting machines. The company's products include Laser, Plasma, WaterJet, and Knife Cutting machines. Thousands of MultiCam cutting systems have been installed around the world in a wide variety of industries such as cabinetmaking, furniture production, woodworking, metalworking, sign making, HVAC, aerospace, marine construction, solid surface and plastics fabrication.
About Blue Sage Capital Partners (http://www.bluesage.com):
Blue Sage is an Austin, Texas-based private equity firm that specializes in growth, recapitalization and buyout financings of middle market companies. The partnership also reserves additional capital for follow-on investments in companies that are already in its portfolio so that these companies can continue to finance their growth via internal expansion as well as strategic acquisitions.
About Allegiance Capital:
Allegiance Capital Corporation is a full-service investment banking firm specializing in the middle market (companies with revenue from $20 million to $500 million), with offices in Dallas, New York, Minneapolis/St. Paul, Vancouver, British Columbia, Shanghai and Tel Aviv. Through its worldwide network, Allegiance Capital assists companies in every aspect of selling and financing a business, including debt restructuring, mezzanine financing, buy out management, strategic partnering, consulting and other related services. For more information, refer to the company website at http://www.allcapcorp.com.
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