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Allegiance Capital Corp. Wins M&A Award

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June 25, 2014

On June 19, the investment bank Allegiance Capital Corp. won Energy Deal of the Year at the 4th annual New York Champions M&A Competition. The competition was directed by the Association for Corporate Growth’s (ACG) New York chapter, a press release said June 24.

Allegiance directed the sale of Otis Eastern Service Inc., a domestic pipeline contractor based in Wellsville, N.Y., to Arognaut Private Equity, based in Tulsa, Okla., the press release said.

The deal’s financial terms were not disclosed, the press release noted.

There were “hundreds of initial nominees” ...

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