Daily News: October 26, 2012

Safavi Joins Allegiance Capital as Managing Director


Allegiance Capital Corporation announced that Max Safavi has joined its Dallas headquarters to serve as managing director. Safavi brings extensive C-level management skills to the firm, as well as significant middle-market and corporate M&A expertise having led over 15 corporate acquisitions and divestitures with an aggregate deal value of $400 million.

Prior to joining Allegiance Capital Corporation, Safavi had served in roles as chief financial officer at Microdyne and divisional chief financial officer at UNC, Inc. Most recently he served as chief operations officer at EF Johnson Technologies, where he was responsible for increasing the institutional investor base from less than 5% to over 40% and facilitating a successful secondary public offering of 6.9 million shares to raise $45.5 million in new capital. After acquisition and integration of 3e Technologies International, EF Johnson was successfully marketed and sold to Francisco Partners. Safavi also held the title of CFO prior to becoming COO.

“Max is a seasoned operating executive and dealmaker who bring many years of hands on experience to firm and its clients,” said David Mahmood, founder and chairman, of Allegiance Capital Corporation.

“Allegiance Capital is a recognized national leader in providing the highest level of M&A services to private companies in the middle market,” said Safavi. “I look forward to apply my extensive operations, change management, and deal making experience to ensure our clients position their businesses properly and receive the highest value for them.”

Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the lower middle market.