Dallas, TX (PRWEB) June 17, 2014
David Lonsdale, President of Allegiance Capital, announced today that as a partner of the firm, he is selling his stock back to Allegiance Capital and is resigning to pursue other interests. Mr. Lonsdale did not give an exact figure for the sale of his stock, but indicated it was in the low seven figures. Allegiance Capital is a middle market investment bank headquartered in Dallas, TX.
After 10 years with Allegiance Capital, David Lonsdale explained that the firm has grown significantly, and has developed a strong management team and investment banking capability. “2014 is already certain to be Allegiance Capital’s best year ever, and the pipeline of new clients is positioning the firm for continued success in 2015,” he said.
Lonsdale said that he was pleased to be leaving at a time when the company’s future looked strong and he emphasized that he was excited about the firm’s future prospects. “Allegiance Capital is destined to become one of the premier banks in the middle market,” stated Lonsdale.
Mr. Lonsdale, as a baby boomer, has had multiple careers in the last 40 years and decided this is the right time to pursue other business opportunities. After 10 years as an investment banker, Mr. Lonsdale has found that his wide variety of experiences with all types of businesses allow him to bring a perspective that very few senior managers have developed or enjoy.
About David Lonsdale:
David Lonsdale has more than 35 years of operational experience in both corporate and entrepreneurial environments and now puts that experience into practice as President and co-owner of Allegiance Capital. He uses his expertise to help middle-market business owners achieve their goals by educating them on today’s M&A options in raising capital, exit planning and selling.
- Has grown Allegiance Capital to more than 50 people, with four offices in Dallas, New York, and Chicago, and a vast array of success stories advising middle market business owners
- Delivered double- and triple-digit growth at multiple companies in both growth markets and adverse environments.
- Successfully built and sold three venture-funded companies in the computing and information technology industries.