Allegiance Capital represented CDI Energy Services, one of the largest artificial lift service companies in North America, and its sister company Global Energy Products, which supplies CDI with globally sourced pumps, rods and other related equipment.  The companies were sold to John Crane, a subsidiary of Smiths, for $37,000,000.   John Crane’s purchase of CDI and Fiberod (represented by Allegiance Capital in a separate transaction) created their new Production Solutions Division, allowing them to not only service oil and gas refiners but also provide upstream oil and gas recovery services.

CDI Energy Services and sister company Global Energy Products