Allegiance Capital Corp., a full-service investment banking firm based in Dallas, has announced the sale of the wind tower manufacturer Aerisyn LLC to SIAG Schaaf Industrie AG. Allegiance Capital represented Aerisyn and successfully initiated the transaction and managed it through closing.
Under the agreement, SIAG Schaaf acquires controlling interest in most of Aerisyn's assets and plans to acquire complete interest by 2012.
Aerisyn operates a 227,000 square-foot factory in Chattanooga, Tenn., and has manufactured towers for many wind turbine suppliers.
SIAG Schaaf is a supplier of towers, main frames and steel components to the wind energy industry. With this acquisition, SIAG Schaaf establishes a North American location and expands its global manufacturing capability to include seven facilities in six countries.
SOURCE: Allegiance Capital Corp.
