Walker & Dunlop to Acquire Alliant Capital for $696 Million

Walker & Dunlop, Inc. announced it has agreed to acquire Alliant Capital, Ltd. and its affiliates, Alliant Strategic Investments and ADC Communities.

Walker & Dunlop Chairman and CEO Willy Walker said in a statement, “Alliant is one of the largest and most respected tax credit syndicators and affordable housing developers in the country. The addition of their people, assets and capital formation capabilities immediately makes Walker & Dunlop a market leader in affordable housing — lending, sales and tax credit syndication. With Fannie Mae, Freddie Mac and HUD all focused on affordable housing and more Americans seeking affordable rental housing, the combination of Alliant and Walker & Dunlop is a home run. Shawn Horwitz has built an incredible team and company, and we look forward to welcoming them to W&D.”

Alliant Founder and CEO Shawn Horwitz commented, “Combining with Walker & Dunlop’s scaled lending and sales platform will accelerate Alliant’s growth over the coming years. Walker & Dunlop’s people, brand and innovative technology will benefit our clients, partners and investors, and allow us to provide more affordable housing, something that is desperately needed in America.”

Under the terms of the purchase agreement, Walker & Dunlop will acquire Alliant at a total enterprise value of $696 million, the announcement said, adding that the transaction is expected to close during the fourth quarter of 2021. Closing is subject to regulatory approvals and consent of Alliant’s investor and lender partners, according to the announcement. Beekman Advisors represented Alliant as financial advisor in the transaction.