M&A Deal Summary

Allegiance Group Acquires Beaconfire RED

On November 19, 2019, Allegiance Group acquired business services company Beaconfire RED

Acquisition Highlights
  • This is Allegiance Group’s 1st transaction in the Business Services sector.
  • This is Allegiance Group’s 4th transaction in the United States.
  • This is Allegiance Group’s 1st transaction in Virginia.

M&A Deal Summary

Date 2019-11-19
Target Beaconfire RED
Sector Business Services
Buyer(s) Allegiance Group
Deal Type Add-on Acquisition

Target

Beaconfire RED

Arlington, Virginia, United States
Beaconfire RED is a digital fundraising agency that provides online campaigns and marketing, web design and development, Internet strategy and planning, objective software evaluation. Beaconfire RED is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

Allegiance Group

Fargo, North Dakota, United States

Category Company
Sector Business Services
DESCRIPTION

Allegiance Group is a platform that provides fundraising services to non-profit organizations. It is a software and tech-enabled services company that provides fundraising strategy, crowdfunding, peer-to-peer, digital, and print media fundraising campaigns specifically to small and medium-sized non-profit organizations that historically have purchased goods and services from multiple unrelated vendors in this highly fragmented market. Allegiance Group is based in Fargo, North Dakota.


DEAL STATS #
Overall 4 of 4
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Virginia M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 WeDidIt

New York, New York, United States

WeDidIt, Inc. provides a subscription based crowdfunding platform to enable non-profit organizations to raise money online. WeDidIt’s software provides a suite of capabilities to better identify prospective donors and run online and mobile fundraising campaigns. WeDidIt, Inc. was founded in 2011 and is based in New York City.

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