Dallas-based investment bank Allegiance Capital Corp. has picked up EquiCap Partners LLC.
EquiCap, also headquartered in Dallas, is an M&A investment bank.
Allegiance’s services include selling businesses, financing and recapitalization services. EquiCap provides middle-market M&A acquisition services and corporate financial arrangements for private companies.
Terms of the deal, which was announced June 13, were not disclosed.
In June, Deloitte Corporate Finance LLC, also acquired a middle-market investment bank: McColl Partners. In April, a consortium led by private equity firm the Carlyle Group LP (Nasdaq: CG) closed a deal for New York investment banking firm Duff & Phelps Corp.