GoWireless Growth Fueled by Kayne Anderson Investment
24-May-2011 | News-Press Release
Dallas – May 19, 2011 – Allegiance Capital announced today that its client, GoWireless, Inc., and Kayne Anderson Mezzanine Partners, L.P., have completed a credit facility that will fuel GoWireless’ organic growth and enable the company to pursue an acquisition strategy to expand its already-strong national footprint of 365 retail locations. Headquartered in Las Vegas, GoWireless is one of the largest Verizon Wireless resellers in the United States.
“We appreciate the tenacity and expertise that the Allegiance Capital bankers have brought to this deal,” said Kevin Elder, CEO of GoWireless. “John Sloan, Brent Earles and Fred McCallister worked to understand our goals – financial, professional and personal. They guided us through an extensive process, helped us overcome several hurdles and direction changes, and ultimately enabled us to achieve the result we were looking for.”
The GoWireless management team will remain in place. Terms of the private transaction were not disclosed.
According to Earles, a Vice President at Allegiance Capital with significant experience in the wireless industry, “GoWireless is poised for significant growth under this dynamic leadership team. With the addition of a strong financial partner in Kayne Anderson, the sky is the limit for GoWireless.”
Allegiance Capital is currently involved in several engagements in communications and technology. To view a list of current deals, visit AllCapCorp.com. For information on selling a business, call 214-217-7750.
About GoWireless, Inc.
GoWireless, established in 1995, is an Exclusive Verizon Wireless Premium Retailer headquartered in Las Vegas, Nevada. GoWireless is one of the leading retailers of wireless communication tools across the United States. GoWireless offers a consumer friendly atmosphere, professional salesmanship and industry leading customer service. A “Customer 1st” approach has made GoWireless the one-stop shop for “Communication Tools for People on the Go”. For more information about GoWireless, please call toll-free 1-866-487-1222 or visit www.gowireless.com.
About Kayne Anderson Mezzanine Partners, L.P.
Kayne Anderson Mezzanine Partners, with offices in New York, Houston, and Los Angeles, manages $600 million in committed capital and invests in middle market companies across a diverse range of industries, predominantly in North America. Please visit http://www.kaynecapital.com/mezzanine for additional information.
About Allegiance Capital Corporation
Allegiance Capital Corporation is an investment bank specializing in financing and selling businesses in the middle market. Founded in 1998, Allegiance Capital has won multiple awards recognizing the value it delivers to clients. Examples include: 2009 Dealmaker of the Year (Dallas Business Journal), 2008 Boutique Investment Bank of the Year (M&A Advisor), 2006 Investment Bank of the Year (Dallas Business Journal). Subscribe to the Capital Ideas blog. Follow Allegiance Capital on LinkedIn, Facebook, and Twitter:@ALLCAP.
# # #
Media Contact: Wireless Industry Contact:
Katherine Kirkpatrick Brent Earles
Vice President Vice President
Allegiance Capital Corporation Allegiance Capital Corporation
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