Allegiance Capital, a Dallas-based mid-market investment bank, has opened a new office in Seattle. It will be led by Michael Sherry, who previously founded Sherry Capital Advisors.
Allegiance Capital, an international investment banking firm primarily serving privately-held middle-market companies, opens an office in Seattle, Wash. today. The new Seattle location is part of Allegiance Capital’s ongoing expansion, which is being driven in part by a trend of international investment in U.S. companies.
“We are dramatically increasing the number of cross-border deals under our management,” said David Lonsdale, President. “U.S. business owners looking to sell or recapitalize often have more options than they realize. There are very attractive offers being made for good companies despite the current economic climate.”
Allegiance Capital educates its clients, primarily family-owned and entrepreneur-driven businesses, and helps them successfully complete exit strategies, strategic partnerships or financings depending on each client’s specific goals. Founded in 1998, the Dallas-based company opened offices in Spain and China in 2009 and was recently named “Boutique Investment Bank of the Year” by M&A Advisor Magazine.
Michael Sherry, a veteran dealmaker of more than 200 transactions and 25 years’ experience in mergers, acquisitions and capital formation, will lead the Seattle team. The firm has identified several significant opportunities in key West Coast industries ranging from high-tech to renewable energy and natural resources.
“I’m thrilled to be part of the Allegiance Capital team and believe we offer a unique advantage to business owners with our deep insight into the strategic and private equity buyers, as well as our global business perspective,” said Sherry.
Mr. Sherry is currently working with investors from Asia and Europe, as well as numerous U.S. based groups.
“The importance of an international perspective cannot be overstated, particularly for companies facing the Pacific Rim,” Sherry said. “Additionally, many on our team have ‘lived life’ as successful entrepreneurs and sold family and entrepreneurial businesses several times over. We know what our clients are dealing with and what they need from an investment banker: a trusted, pragmatic counselor.”
“We are confident that Mr. Sherry will provide exceptional counsel and service to clients on the West Coast,” said Lonsdale. “He’s a trusted dealmaker with an outstanding track record. We’re very glad to have him aboard.”
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 Chicago, Dallas, New York, Madrid, Minneapolis/St. Paul, Seattle, and Shanghai. Through its global 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. Its Special Situations group handles financial restructuring and distressed mergers and acquisitions. For more information, refer to the company website: www.allcapcorp.com.