Allegiance Capital Corporation Announces the Sale of Wind Tower Company, Aerisyn, LLC, to SIAG Schaaf Industrie AG.DALLAS -- Allegiance Capital Corporation, a middle-market, private investment banking firm headquartered in Dallas, announced the sale of the wind tower manufacturer, Aerisyn, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , to SIAG SIAG Survey Instrument, Azimuth Gyroscope Schaaf Industrie AG. Allegiance Capital represented Aerisyn and successfully initiated the transaction and managed it through closing. Under the agreement, SIAG Schaaf acquires controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in substantially all of the assets of Aerisyn. The new partnership plans to continue the growth and performance of the plant, now with global reach in customer relationships, supply and technology. SIAG Schaaf will acquire complete interest by 2012. Founded to be part of the alternative energy solution, Aerisyn operates a 227,000 square foot factory and has manufactured towers for many major turbine turbine, rotary engine that uses a continuous stream of fluid (gas or liquid) to turn a shaft that can drive machinery. A water, or hydraulic, turbine is used to drive electric generators in hydroelectric power stations. suppliers. Producing utility-scale wind towers since 2005, Aerisyn's state-of-the-art facility and skilled team has manufactured towers for wind developments in eight states and Canada. SIAG Schaaf is one of the leading suppliers of towers, main frames and steel components to the wind energy industry. With this acquisition, SIAG Schaaf establishes a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. location and expands its global manufacturing capability to include seven facilities in six countries. The company has served customers on a worldwide basis for more than 15 years. "This transaction is a very positive step for both firms," said Dan Vermeire, vice president of Allegiance Capital Corporation. "The Aerisyn team will be part of a global family, and SIAG Schaaf is now positioned to better serve customers in the growing North American wind energy market," he said. This is the second wind energy transaction Allegiance Capital has completed this year. About Allegiance Capital: Allegiance Capital Corporation is a full-service investment banking firm specializing in the middle market (companies with revenue from $10 million to $500 million). With offices in Dallas, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Minneapolis/St. Paul, Shanghai, Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest and Madrid, Allegiance Capital has a worldwide network to assist companies in every aspect of selling and financing a business, including debt structuring, mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the , strategic partnering, consulting and other related services. Allegiance Capital differentiates itself by having deep industry knowledge, extensive contacts with potential investors, heavy investment in educating sellers and obtaining premium valuations for clients. Visit www.allcapcorp.com for more information on Allegiance Capital Corporation. |
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