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M&A Case Study: Allegiance Capital Client Russ Rutledge of Fiberod

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Published on Mar 14, 2011

Russ Rutledge retained Allegiance Capital to sell his company Fiberod, which had made a name for itself with innovative fiberglass sucker rod technology that enhanced oil field production efficiency.

Fiberod had grown rapidly and was generating $25 million in annual revenues. Rutledge interviewed several investment banks and business brokers, but, "Allegiance Capital just stood out head and shoulders above everyone else."

Allegiance Capital helped Rutledge sell Fiberod for nine times its forward earnings with ten times earnings guaranteed at closing at a time when industry metrics for the oil and gas services industry were in a four to six times EBITDA range.

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