# Pennington Allen Capital Partners

Pennington Allen Capital Partners is a Private Equity based in Tulsa, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Tulsa, United States
- **Region:** North America
- **Address:** Tulsa, OK, United States
- **Founded:** 2003
- **Assets under management:** Undisclosed
- **Website:** www.penningtonallen.com

## Regulatory record

- **Reports private funds:** No

## About

Pennington Allen Capital Partners is a private equity firm based in Tulsa, Oklahoma. It focuses on buyout investments.

## Sectors

- Industrial Tech
- Enterprise Software
- Business Services

## People

- Greg Allen — Managing Partner
- Dustin Pennington — Managing Partner

## Questions

### Who runs investment decisions at Pennington Allen Capital Partners?

Managing Partners Greg Allen and Dustin Pennington jointly oversee investment decisions. The firm's small size concentrates authority within the founding partnership, without a separate investment committee or external advisory board. This structure enables faster execution in a market segment where sellers often value certainty and speed over maximizing the final purchase price.

### How does the firm source deals outside traditional auction processes?

Pennington Allen relies on regional relationship networks built by its partners across Oklahoma, Texas, Arkansas, Kansas, and Missouri. Rather than competing in broad processes run by investment banks, the firm cultivates direct relationships with business owners, attorneys, accountants, and commercial bankers who serve founder-owned companies considering succession transitions.

### What geographic markets does Pennington Allen focus on?

The firm concentrates on the central United States, with particular depth in Oklahoma, Texas, Arkansas, Kansas, and Missouri. This regional focus exploits an arbitrage: lower-middle-market companies in these metros face less competition from institutional buyers than comparable businesses in coastal markets, yet the underlying industrial and services economies are substantial.

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- [Pender West Capital Partners](https://altss.com/profile/pender-west-capital-partners)
- [Permanent Fund](https://altss.com/profile/permanent-fund)

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Last updated: 2026-06-03T20:00:00.000Z

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