Dallas, TX (PRWEB) January 23, 2014
Lease assets of Pinnacle Manufacturing, LLC acquired by General Finance Corporation.
Allegiance Capital Corporation, a Dallas-based private M&A investment bank that specializes in middle market transactions, announced today that it has facilitated the sale of lease assets for Pinnacle Manufacturing, LLC, to General Finance Corporation. Allegiance Capital Corporation acted as the exclusive financial advisor to Pinnacle Manufacturing, LLC in the sale of these assets. Financial terms of the acquisition were not disclosed.
Headquartered in Boaz, AL, Pinnacle Manufacturing, LLC, is one of the country’s leading manufacturers of mobile frac tanks used by oil and gas exploration and production companies to store water for onshore drilling.
“Allegiance did an exceptional job of understanding our goals and ultimately providing a liquidity event for the owners of Pinnacle Manufacturing,” commented Jason Satterfield one of the owners of Pinnacle.
John Sloan and Coyn Mateer of Allegiance Capital Corporation managed the Pinnacle transaction. Allegiance Capital Corporation is currently involved in several engagements with other oil and gas related manufacturing and rental companies; to view a list of current engagements, visit http://www.AllCapCorp.com. For information on how to sell a business, call 214-217-7750.
About Pinnacle Manufacturing, LLC
Pinnacle Manufacturing, LLC, headquartered in Boaz, AL, is one of the country’s leading manufacturers of mobile frac tanks. Pinnacle’s frac tanks are primarily utilized by oil and gas exploration and production companies to store water for onshore drilling. To a lesser extent, Pinnacle’s tanks are used to store any fluids like run-off water, diesel fuel, glycol, oils and waste products for industrial and environmental companies.
About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Allegiance Capital Corporation was recently named to American City Business Journal’s distinguished list of Who’s Who in Energy 2013, in addition to being named third on the list of 2011 Largest Investment Banking Firms in North Texas by the Dallas Business Journal. Allegiance Capital Corporation has won multiple awards recognizing the value it delivers to clients, including 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), and 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog by visiting http://www.allcapcorp.com/blog. Follow Allegiance Capital Corporation on LinkedIn and Twitter: @ALLCAP.
About General Finance Corporation
Headquartered in Pasadena, California, General Finance Corporation (http://www.generalfinance.com) is the parent company of businesses in the mobile storage, modular space and liquid containment (“portable services”) industries. Management’s expertise in these sectors drives disciplined growth strategies, operational guidance, effective capital allocation and capital markets support for the Company’s subsidiaries. The Company’s principal operating subsidiaries are majority-owned Royal Wolf Holdings Limited (http://www.royalwolf.com.au), the leading provider of portable storage solutions in the Asia-Pacific regions of Australia and New Zealand, wholly-owned Pac-Van, Inc. (http://www.pacvan.com), a prominent regional provider of portable storage, office and liquid storage tank containers, mobile offices and modular buildings in North American, and 90%-owned Southern Frac, LLC (http://www.southernfrac.com), a domestic manufacturer of portable liquid storage tank containers. Roy Wolf’s shares trade on the Australian Securities Exchange under the symbol RWH.