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Allegiance Capital Corporation Facilitates Majority Recapitalization for Glunt Industries

04-16-2012 09:25 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allegiance Capital Corporation

/ PR Agency: Magic Logix
Allegiance Capital Corporation

Allegiance Capital Corporation

Allegiance Capital Corporation, a Dallas-based private investment bank specializing in the lower middle market, announced today that it has facilitated a majority recapitalization for its client, Glunt Industries, with investors Merit Capital Partners and FNB Capital Corporation.

Headquartered in Warren, OH, Glunt Industries is the domestic leader in remanufacturing and servicing equipment for U.S. steel and aluminum mills. Glunt Industries will continue to be led by Dennis Glunt and, with Merit Capital as its partner, will continue to pursue its growth objectives.

“Glunt Industries represents the highest level of service to the steel and aluminum mills throughout North America,” said Christopher Parisi, Managing Director at Allegiance Capital Corporation, and specialist in the steel industry. “The largest steel and aluminum industry players depend on Glunt Industries to help them keep their facilities running at maximum capacity and efficiency. It has truly been a joy to work with Dennis Glunt and his entire management team.”

Terms of the private transaction were not disclosed.

Allegiance Capital is currently involved in several engagements in manufacturing and distribution. To view a list of current deals, visit www.AllCapCorp.com. For information on selling a business, call 214.217.7750.

About Glunt Industries, Inc.
Based in Warren, OH, Glunt Industries reconditions, rebuilds, upgrades and extends the service life of critical steel and aluminum mill equipment to exacting tolerances. The company repairs and restores virtually all of the equipment that is used in the production of steel and aluminum, and can claim the world’s largest steel and aluminum producers as its customers. For more information about Glunt Industries, visit www.glunt.com.

Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Allegiance Capital Corporation was recently named third on the list of 2011 Largest Investment Banking Firms in North Texas (Dallas Business Journal). Allegiance Capital Corporation has won multiple awards recognizing the value it delivers to clients. Examples include: 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: www.allcapcorp.com/blog. Follow Allegiance Capital Corporation on LinkedIn, Facebook, and Twitter:@ALLCAP.

Allegiance Capital Corporation
5429 LBJ Freeway, #750
Dallas, TX 75240

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