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Press Release

Allegiance Capital Facilitates Recapitalization for Chain Electric

>PRWEB.COM Newswire

Dallas, TX (PRWEB) June 21, 2012

Allegiance Capital Corporation, a Dallas-based private investment bank specializing in the lower middle market, announced today that it has facilitated a recapitalization for its client, Chain Electric, in support of the company's continued growth and geographic expansion, with investors Cotton Creek Capital Management.

Headquartered in Hattiesburg, MS, Chain Electric is a leading regional provider of power line installation and maintenance services, primarily servicing the distribution and transmission grids across the Gulf Coast and Midwest.

“Chain Electric is a great company with an impeccable reputation for quality and performance over two generations,” said Fred McCallister, Senior Vice President at Allegiance Capital, lead M&A advisor to Chain. He went on, “With an outstanding financial partner like Cotton Creek Capital the Chains are well positioned to continue growing their market share and profitability.”

Chain Electric will continue to be led by its President and CEO, Bob Chain, Jr., and Senior Vice President and COO, John Chain, both of whom have been managing the company for more than a decade. As a part of the recapitalization, Bobby Chain will become Chairman of the company.

Allegiance Capital is currently involved in several engagements with other energy providers. To view a list of current deals, visit http://www.AllCapCorp.com. For information on selling a business, call 214.217.7750.

About Chain Electric
Founded in 1955 by Bobby Chain, Chain Electric Company was launched with a 1950 Chevrolet truck, and a character and determination that still define the company today. Today, Chain Electric has over 600 employees and is one of the oldest providers of energy solutions in the country providing complete transmission, distribution, substation, and storm recovery across 15 states, as well as commercial and industrial electrical solutions services across much of Mississippi. Chain Electric specializes in challenging terrains, including mud, swamp, and marsh work, and possesses one of the largest fleets of amphibious equipment in the industry. Headquartered in Hattiesburg, MS, Chain Electric also maintains locations in Lafayette, LA, and Monroe, LA. For more information, visit Chain Electric's website at http://www.chainelectric.com.

About Allegiance Capital
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the lower 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: http://www.allcapcorp.com/blog. Follow Allegiance Capital Corporation on LinkedIn and Twitter:@ALLCAP.

Read the full story at http://www.prweb.com/releases/AllegianceCapital/ChainElectric/prweb9619915.htm

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