Investment Bankers Eye Corporate-Rich Corridor
by June 25, 2001 12:00 am 89 views
Dallas-based Allegiance Capital Corp. recently merged with DSJ Consulting to open a new regional office in Tulsa. The resulting investment-banking and financial services firm plans to make Northwest Arkansas part of its coverage area along with Kansas, Oklahoma and southwest Missouri.
Allegiance-DSJ hopes to serve companies with investment banking and venture capital needs from $10 million to $250 million. The firm, which plans to launch a large marketing campaign soon, specializes in representing middle-market businesses in acquisitions or mergers, debt financing for complex transactions and establishing expansion capital for growing firms.
“If there was a manufacturer in Northwest Arkansas that wanted to sell its business, they could come to us and we’d help them get as high of a fair-market value as we can,” said Daniel Flick, vice-president of Allegiance.
“We do a number of things to help middle-market businesses with their needs.”
Flick, who attended the University of Arkansas for a year before transferring to Oklahoma, said his firm has represented more than $1 billion in transactions worldwide over the last three years.
DSJ, already based in Tulsa, specialized in full-service financial advisory consultation.
Allegiance CEO David Mahmood said in a prepared statement that his firm had been eyeing “this industry corridor” for “quite some time.”