--- title: M&A Humor, Illustrated description: Over a decade ago, Allegiance Capital Founder, David Mahmood, published these M&A parody cartoons. We wanted to share and hope you enjoy. image: https://info.allcapcorp.com/hubfs/blog/acc-feature-1.jpg --- [![Allegiance-logo-transparent-white](https://info.allcapcorp.com/hubfs/Allegiance-logo-transparent-white.png)](http://allcapcorp.com/) - Our Expertise - [Why Allegiance Capital](http://allcapcorp.com/our-expertise/) - [Selling A Business](http://allcapcorp.com/our-expertise/selling-a-business/) - [Buying A Business](http://allcapcorp.com/our-expertise/buying-a-business/) - [Get Financing](http://allcapcorp.com/our-expertise/get-financing/) - Who We Are - [About Us](http://allcapcorp.com/who-we-are/) - [Our Team](http://allcapcorp.com/who-we-are/our-team/) - Our Success - [Client Testimonial](http://allcapcorp.com/our-success/#testimonials) - [Industry List](http://allcapcorp.com/our-success/#industries) - [Completed Transactions](http://allcapcorp.com/industries/) - [Awards & Accolades](http://allcapcorp.com/our-success/#awards) - [Accreditations](http://allcapcorp.com/our-success/#accolades) - [Resources](https://info.allcapcorp.com/resources) - [Articles](https://allcapcorp.com/blog/) - [Contact Us](https://signup.allcapcorp.com/contactus) Toggle navigation Toggle navigation - Our Expertise - [Why Allegiance Capital](http://allcapcorp.com/our-expertise/) - [Selling A Business](http://allcapcorp.com/our-expertise/selling-a-business/) - [Buying A Business](http://allcapcorp.com/our-expertise/buying-a-business/) - [Get Financing](http://allcapcorp.com/our-expertise/get-financing/) - Who We Are - [About Us](http://allcapcorp.com/who-we-are/) - [Our Team](http://allcapcorp.com/who-we-are/our-team/) - Our Success - [Client Testimonial](http://allcapcorp.com/our-success/#testimonials) - [Industry List](http://allcapcorp.com/our-success/#industries) - [Completed Transactions](http://allcapcorp.com/industries/) - [Awards & Accolades](http://allcapcorp.com/our-success/#awards) - [Accreditations](http://allcapcorp.com/our-success/#accolades) - [Resources](https://info.allcapcorp.com/resources) - [Articles](https://allcapcorp.com/blog/) - [Contact Us](https://signup.allcapcorp.com/contactus) Search Box × Search Search | ## ![ACC-Cartoon-TBT-Biz-Reins-Kids](https://info.allcapcorp.com/hs-fs/hubfs/ACC-Cartoon-TBT-Biz-Reins-Kids.jpg?width=535&name=ACC-Cartoon-TBT-Biz-Reins-Kids.jpg) | ![ACC-Cartoon-TBT-Smith-Jones-Partnership](https://info.allcapcorp.com/hs-fs/hubfs/ACC-Cartoon-TBT-Smith-Jones-Partnership.jpg?width=535&name=ACC-Cartoon-TBT-Smith-Jones-Partnership.jpg) | | --- | --- | | ## ![ACC-Cartoon-TBT-Oil-Water-Partnership](https://info.allcapcorp.com/hs-fs/hubfs/ACC-Cartoon-TBT-Oil-Water-Partnership.jpg?width=535&name=ACC-Cartoon-TBT-Oil-Water-Partnership.jpg) | ![ACC-Cartoon-TBT-Accounting-Procedures](https://info.allcapcorp.com/hs-fs/hubfs/ACC-Cartoon-TBT-Accounting-Procedures.jpg?width=535&name=ACC-Cartoon-TBT-Accounting-Procedures.jpg) | | --- | --- | | ## ![better way to raise capital - street performer_ACC_032918.jpg](https://info.allcapcorp.com/hs-fs/hubfs/NWilson_Images/better%20way%20to%20raise%20capital%20-%20street%20performer_ACC_032918.jpg?width=533&height=548&name=better%20way%20to%20raise%20capital%20-%20street%20performer_ACC_032918.jpg) | ![its only the flu_ACC_032218.jpg](https://info.allcapcorp.com/hs-fs/hubfs/NWilson_Images/its%20only%20the%20flu_ACC_032218.jpg?width=533&name=its%20only%20the%20flu_ACC_032218.jpg "its only the flu_ACC_032218.jpg") | | --- | --- | | ## ![family-business-restructuring_ACC_030118.jpg](https://info.allcapcorp.com/hubfs/NWilson_Images/family-business-restructuring_ACC_030118.jpg) |  ![Grindstone_ACC_021518.jpg](https://info.allcapcorp.com/hs-fs/hubfs/NWilson_Images/Grindstone_ACC_021518.jpg?width=533&name=Grindstone_ACC_021518.jpg "Grindstone_ACC_021518.jpg") | | --- | --- | | ![stay-tuned.jpg](https://info.allcapcorp.com/hubfs/NWilson_Images/stay-tuned.jpg) |   | --- ## **Founder's Message:** Growing up, the most entertaining section of the newspaper was, of course, the editorial cartoons. For context, I am in my late seventies. Before computers, the internet, mobile phones, high definition TVs, etc., our selection for entertainment was limited. What fascinated me with editorial cartoons was the combination of satire, hyperbole, artistic ability and political insight, and I still remember some of the more prevalent cartoons to this day. These are a few of the cartoons we created over a decade ago. We hope you enjoy the humor as much as we have. Please note these illustrations are industry parody and are not to be taken seriously. Best regards, | ![DJM-icon.png](https://info.allcapcorp.com/hs-fs/hubfs/NWilson_Images/DJM-icon.png?width=175&name=DJM-icon.png) | **David J. Mahmood** Founder & Chairman *[In Memoriam](http://allcapcorp.com/our-team/in-memoriam/)* | | --- | --- | ![green_line.png](https://info.allcapcorp.com/hs-fs/hub/378534/file-699042706.png?width=1920&name=file-699042706.png "green_line.png") **Allegiance Capital Corporation**  |  16400 Dallas Parkway, Ste. 300, Dallas, TX  |  **Main Tel:** (214)217-7750  | ** URL: [www.allcapcorp.com](http://www.allcapcorp.com/)** - - - 14180 Dallas Parkway, Suite 350, Dallas, TX 75254 © 2026 Allegiance Capital | Securities offered through ACC Securities, LLC, member FINRA / SIPC. Check the background of your financial professional on FINRA’s BrokerCheck. | 214.217.7750