DA Davidson is acting as exclusive financial advisor to Alliance Corporation in its sale to Lee Equity and Twin Point Capital
NEW YORK–(COMMERCIAL THREAD) – DA Davidson & Co. announced today that it has acted as exclusive financial advisor to Alliance Corporation, a holding company of Toronto-based Ironbridge Equity Partners, in connection with its sale to Lee Equity and Twin Point Capital.
Alliance is the largest value-added distributor of wireless communications technology in Canada and one of the fastest growing distributors in the United States, providing essential solutions to major wireless carriers in North America. The Company is one of only two large-scale North American distributors with cable termination capabilities and supports the construction, maintenance and upgrades of cell towers, domestic cellular services and the Internet. in a large band. Alliance distributes more than 5,000 construction and telecommunications material references and puts an end to state-of-the-art custom cabling to a wide range of end customers, including operators, Internet service providers, contractors, homeowners. buildings and other components of the broadband infrastructure ecosystem.
Alliance’s experienced management team is led by Ron Moss, who serves as Chairman. Ron has been with the company for over 25 years and will continue to lead the business. The entire management team will retain a significant stake in the company. Ironbridge Equity Partners has been the majority equity investor in the Company and will withdraw from its entire investment as a result of this transaction.
“The Alliance team has done a tremendous job in making the company a market leader and one of the largest distributors of communications technology in North America,” said Brad Gevurtz, Managing Director of DA Davidson. “We are honored to have advised Alliance on this transaction and are delighted to follow the company in its new partnership with Lee Equity and Twin Point Capital as they continue to accelerate their growth and extend their leadership position in the industry. . ”
“We are extremely grateful for the advice and expertise provided by DA Davidson’s technology investment banking team working on this transaction,” said Ron Moss, President of Alliance. “Their industry knowledge in communications, transaction control and the ability to manage an efficient process has produced an exceptional result that gives us confidence in our next phase of growth. ”
The Alliance transaction represents another successful close by DA Davidson’s technology investment banking group and is the ninth communications technology transaction for the company since February 2020. With the recently announced acquisition of Marlin & Associates, DA Davidson is one of the most active technology groups in the United States. Since 2019, the combined technology group has completed more than 40 advisory transactions and raised more than $ 20 billion in total capital through more than 35 public offerings.
DA Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive expertise in financial advisory and capital markets. The group has extensive transaction experience serving middle market clients around the world in four verticals: consumers, diversified industries, financial institutions and technology.
In collaboration with its European strategic partner, MCF Corporate Finance, DA Davidson creates and executes transatlantic M&A transactions under the common brand of DA Davidson MCF International.
About DA Davidson Companies
DA Davidson Companies is an employee-owned financial services company providing a range of financial services and advice to individuals, businesses, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 28 states.
Subsidiaries include: DA Davidson & Co., the largest full-service investment firm based in the Northwest, providing wealth management, investment banking, equity and fixed income markets services and advice; Davidson Investment Advisors, a professional asset management company; DA Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit dadavidson.com.