Allegiance Capital Corporation, a full-service investment banking firm servicing middle marketing companies worldwide, announces the sale of MultiCam, Inc., a Dallas-based manufacturer of CNC cutting machinery used in a wide array of industries, to Blue Sage Capital Partners of Austin, Texas. Acting on behalf of the seller, Allegiance Capital was the investment bank on the transaction.
A recognized name in the industrial cutting system industry, MultiCam's products include routers, plasma, laser, water jet, and knife cutting machines. MultiCam has installed thousands of CNC cutting systems for companies in more than 50 countries for sign making, cabinet making, furniture production, woodworking, metalworking, HVAC, aerospace, marine construction, solid surface and plastics fabrication manufacturers.
Allegiance Capital was able to orchestrate multiple offers from both domestic and internationally based financial and strategic buyers, noted Brad Purifoy, Senior Vice President of Allegiance Capital. In the case of MultiCam, the founder wanted to stay involved with the company while creating a vehicle for his top management team to take over day-to-day operations of the business in addition to giving key employees an equity state in the firm. Given multiple competitive financial offers, the seller was able to make his decision as much on the chemistry between the two companies as the financial aspects of the transaction. He chose to go with Blue Sage Capital, a premier Private Equity group based in Austin, Texas who plans to let MultiCam’s competent management team continue to run the daily operations.
“Allegiance Capital did an outstanding job of achieving the goals I had outlined when I decided to sell the equity in my business,” Ken Koelling, founder of MultiCam stated.
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