We will provide Snelling’s clients valuable advice and guidance when they need additional funding to expand their business, or when they are ready to sell part or all of the business. David Mahmood - Founder Allegiance Capital
Dallas, TX (PRWEB) May 19, 2014
“Snelling is well known across the nation as a provider of premier staffing solutions. However, we also know our clients need other critical services to meet a wide range of needs, and we are expanding to provide other services. Partnering with Allegiance Capital provides us the unique capability to help business owners when they are making one of the most important business decisions they will ever make – when and how to sell their business or find high quality investors,” explains David Allen, Snelling’s CEO.
“When a Snelling client is ready to take their business to the next level, we want to be there to help, whether that involves staffing needs, or finding just the right investor. Allegiance Capital provides us a new strategic service that blends perfectly with our commitment to provide innovative services that meet and exceed client expectations,” Allen continues.
As the economy has grown and the baby boomer generation has aged, the number of businesses changing owners has increased rapidly. According to a recent PricewaterhouseCoopers study, 25% of family-owned businesses will change ownership within the next five years. 65 percent of owners do not know what their company is worth, and an amazing 85 percent do not have an exit plan.
“We view the alliance with Snelling as the perfect partnership,” explains David Mahmood, Allegiance Capital’s Chairman/Founder. “Snelling works with business owners everyday helping them grow. Business owners know, respect and trust the Snelling team, and depend upon them when they need assistance. We provide Snelling clients access to the full range of M&A services provided by Allegiance Capital.”
“We will provide Snelling’s clients valuable advice and guidance when they need additional funding to expand their business, or when they are ready to sell part or all of the business. Just as Snelling eliminates staffing issues for business owners, we eliminate financial barriers and assist owners who want to capitalize on the value currently tied up in their company.
The powerful partnership between Snelling and Allegiance Capital enables business owners nationwide to feel confident when they need assistance with important decisions about their business, because both companies are dedicated to helping business owners succeed,” Mahmood concludes.
The business landscape across the nation is changing, and the new, strategic alliance between Snelling and Allegiance Capital is one way both companies are working together nationwide to provide an expanded list of services to their clients.
Snelling is a full-service, WBENC-certified talent management and job placement firm serving temporary, temp-to-hire, contract and direct-hire staffing needs. Since opening its first office in 1951 in Pennsylvania, Snelling has grown to 121 office locations throughout the United States and annual revenue of $320 million. Snelling is committed to helping businesses, candidates and communities prosper by creating successful employment connections. For more information, visit http://www.snelling.com.
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.