Haynes and Boone Represents Allegiance Title in Combination with FirsTitle

07/19/2021

A Haynes and Boone, LLP team led by Associate Brent Beckert, Partner Lauren White and Counsel Raquel Alvarenga represented Dallas-based Allegiance Title in its combination with Tulsa-based FirsTitle.

The transaction creates a new holding company, AllFirst, that will have roughly 500 employees and a total of 49 offices serving Texas, Oklahoma and New Mexico. The AllFirst holding company also includes several other operating subsidiaries, including Guaranty Title, Smith Brothers Abstract, Excel Title and Aggieland Title.

Beckert served as M&A counsel to Allegiance; White provided corporate and tax guidance, and Alvarenga handled labor and employment issues that arose in the combination. They were assisted by a Haynes and Boone team of: Associates AK Bonnet and Rachael Williams (M&A); Partner Ken Bezozo (Tax); Counsel Scott Thompson (Employee Benefits), and Partner David Taubenfeld (Insurance).

“CEO Dawn Moore and the entire team at Allegiance have built an incredible business,” Beckert said. “They are renowned in the title industry and across the State for their dedication to service, integrity and professionalism. We were honored to counsel Allegiance on this transformational deal and are excited to watch them reach new heights under the AllFirst umbrella.”

Haynes and Boone M&A lawyers have comprehensive experience handling middle market deals (including in the insurance industry), having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $40 billion. The group routinely represents private equity firms, closely held corporations, founders, large financial institutions, and Fortune 500 public companies. Haynes and Boone’s M&A Practice Group was ranked among the top firms in Texas (Band 4) by Chambers USA (Chambers and Partners) in 2021.

Haynes and Boone is an international corporate law firm with offices in Texas, New York, California, Charlotte, Chicago, Denver, Washington, D.C., London, Mexico City and Shanghai, providing a full spectrum of legal services in energy, technology, financial services and private equity. With 600 lawyers, Haynes and Boone is ranked among the largest U.S.-based firms by The National Law Journal, The American Lawyer and The Lawyer. It was recognized for excellence in the BTI Consulting Group’s 2021 “A-Team” report, which identifies the law firms that in-house counsel commend for providing superior client service.

The following publications have covered the Allegiance Title transaction:

Dallas Business Journal

Tulsa World

The Title Report


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