Alliance Group refers to a private equity investment company based in Grand Rapids, Michigan, with additional offices in Boca Raton, Florida; Louisville, Kentucky; and Raleigh, North Carolina. With a capital potentially worth more than $100 billion, Alliance Group has acquired several growth-positioned, middle-market businesses in various industries.

Alliance Group makes financial investments involving such activities as mergers, acquisitions, corporate valuations, private offerings, divestitures, representation, recapitalizations, exit strategy plans, and financial advisory. In particular, The Alliance Group is engaged in brokering companies.

Provided they meet Alliance Group’s requirements, any company can avail of the services of The Alliance Group. Such qualifications include being based in North America and, ideally, having yearly revenues of more than $20 million. A company must also have an EBITDA (Expenses Before Interest, Taxes, Depreciation, and Amortization) of $2 million.

Mostly, these companies are engaged in the service and manufacturing sectors. Alliance Group may make investments, with the ultimate goal of a majority stake, for as high as $5 million and no less than $100,000.

One such company is employee benefits outsourcing firm Empower Benefits. Through it, workers access privileges like voluntary benefits and discounts from hundreds of retailers. In addition, Alliance Group has Die Cast Holdings, which controls Decorative Components, a leading precision die caster of zinc, brass, and aluminum parts. Alliance also has equity in Discernity, a wireless Internet provider, and Franco’s Cocktail Mixes.

The latter is often touted as the world’s most prodigious margarita salt producer. In fact, in 1990, it pioneered colored margarita salts. Franco’s Cocktail Mixes is somewhat a pioneer as it is responsible for inventing several of the most renowned cocktail concoctions there is. Its products are exported to 40 nations.

In 2007, Alliance Group dipped into health care with the formation of a new subsidiary, Alliance Medical Solutions. The new entity was created from an earlier medical company in Louisville, Kentucky called Conti Medical Concepts. Still based in that company’s Eastpoint Business Center headquarters, Alliance Medical Solutions supplies braces, supports, and other medical products for consumers necessitating knee, back, and spine care and pain management.

Almost all major insurance companies work closely with Alliance Medical Solutions so most compensation cases are covered. Alliance Medical also gives patients the opportunity to access of take advantage of several flexible payment plans.

Alliance Group, Inc. was founded by Les O’Nan and Mike Pitino. Prior to Alliance, the former gained substantial experience in manufacturing, his career encompassing stints as chief executive officer and board member of forging, casting, finishing, and other industrial firms. Today, he serves as Alliance Group President and CEO.

Mike Pitino serves as the company’s chief operating officer. He once worked as a trader for Deutsche Bank, where he gained extensive insight into the consumer retail sector.

Julie Burns is the company’s chief financial officer. Ed Chafel and Ellen Powell both serve as managing directors.

Additional Information on The Alliance Group:

Profiles of the Alliance Group Team.

List of services offered by The Alliance Group.

Alliance Group Services Signs $150 Million Deal with AT&T; Strong Indication of Rebound in Telecom.

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This entry was posted on Wednesday, February 25th, 2009 at 7:07 pm and is filed under Company Profiles. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.