September 22 2015
Allegiancy’s dramatic growth lands it on Richmond BizSense’s The RVA 25 list of fast-growing companies
Richmond, Va., Sept. 22, 2015 — An aggressive growth strategy and technology-driven innovations have sparked Allegiancy’s placement at 17th in the Richmond BizSense “The RVA 25” list of fastest-growing companies in the city.
The recognition of Allegiancy, a commercial real estate asset management specialist, on the list was announced Sept. 21 by Richmond BizSense. Allegiancy’s average annual growth rate over the past three years was 62 percent.
“Allegiancy is delighted to be recognized for growing a great company right here in Richmond,” said CEO Steve Sadler. “We’re very happy to be on The RVA 25 list and with growth accelerating for Allegiancy, we think 2016 will be even bigger.”
The listing of Allegiancy on The RVA 25 highlights the firm’s technology-enabled and analytics-driven operating platform that maximizes the value of its assets under management to deliver market-beating performance. Last year, Allegiancy raised $5 million in capital that it used to more double its size through organic growth and then double again through the acquisition of a Houston, Tex., asset management firm.
In August, Allegiancy was named to the Inc. 5000 list, placing in the top half of the index of fastest-growing private companies in the U.S. The company has more than tripled the number of its employees over the past year to 20. In July, Allegiancy doubled the size of its headquarters when it moved into a 7,000-square-foot space in Richmond.
“Richmond has been good to our firm and we are excited to be growing a world class company here,” Sadler said.
Earlier this month, Allegiancy filed a $50 million offering with the Securities and Exchange Commission under the new Reg A+ rules to become one of the first companies in the nation to tap this new capital raising model. Allegiancy will use the capital to make significant investments in its proprietary technology platform, consummate new acquisitions and expand its employee base to handle the intended growth.
Richmond BizSense will honor the companies it recognized in The RVA 25 at an event on Oct. 15 at the Jepson Alumni Center at the University of Richmond.
Allegiancy is changing the business of asset management for commercial real estate owners and investors with radical specialization. With a technology-enabled operating platform and a singular focus on serving as the owners’ advocate, the company brings fresh vigor and unparalleled discipline to a poorly understood business. Combining its proactive Value Assurance operational rigor with an intense focus on cash flow and profitability, Allegiancy is expanding on a track record of its principals of more than four decades of success.
For more information about the company or to arrange an interview with CEO Steve Sadler, contact Audrey Bevel at firstname.lastname@example.org, or 866.842.7545.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Allegiancy, LLC’s (the “Company”) present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the offering circular dated January 14, 2014 and filed by the Company with the U.S. Securities and Exchange Commission on January 15, 2014. The offering circular, and any supplements or updates thereto, is available on the EDGAR system located on www.sec.gov.
The foregoing does not constitute an offer to sell or a solicitation of an offer to buy securities, and no money or other consideration is being solicited hereby, nor will be accepted. An offer to purchase or a solicitation of an offer to buy the securities can only be made or received and accepted once an offering statement is qualified by the Securities and Exchange Commission as exempt from the registration requirements of the Securities Act of 1933 (the “Act”), as amended, pursuant to Section 3(b)(2) of the Act. Any such offer to purchase securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date of the offering related thereto, and any indication of interest to purchase securities involves no obligation or commitment of any kind.
March 07 2017