New partnership provides Snelling clients easy access to M&A services
May 19, 2014
COLUMBIA, SC – Allegiance Capital Corporation, and Snelling , have created a strategic alliance that provides Snelling clients easy, nationwide access to M&A services.
“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.
Snelling Staffing Services of the Midlands , which was established in 1982, will continue to operate as is in this market.
“We are at the frontline of working with local companies to help them grow and meeting their temporary hiring needs,” said local franchisee, Elizabeth Trenbeath. “This partnership with Allegiance Capital Corporation does not in anyway change our service with existing customers, but enhances their options in doing business with Snelling.”
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. “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.
About Snelling
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 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 www.allcapcorp.com/blog. Follow Allegiance Capital Corporation on LinkedIn and Twitter: @ALLCAP.
