IBCF is pleased to announce its investment in Certified Pipe Service Houston, Inc. CPS is a diversified steel pipe service company and structural steel fabricator located at Jacinto Port in Channelview, Texas (24 miles east of downtown Houston on the ship channel). Core services revolve around the storage, repair and service of tubular goods. The Company was formed in 2006 by Kyle Yarbrough as an independent offshoot of his family’s 30+ year business. IBCF’s investment was a part of a comprehensive recapitalization of CPS.
News Releases & Press
Independent Bankers Capital Funds (“IBCF”) is pleased to announce its investment in Aqueos Corporation. Aqueos is a premier subsea diving service provider, providing a full range of services primarily to the offshore oil and gas industry. Based in Broussard, Louisiana, the Company services the Gulf of Mexico and the west coast of the United States. Management has over 200 years combined experience in the industry, and the Company routinely wins top industry honors. IBCF led the round with a $3.0 million investment with existing investors providing the additional $0.5 million.
Independent Bankers Capital Funds (“IBCF”) is pleased to announce its investment in Burrow Global, LLC. Burrow Global is a full service engineering, procurement, construction and facility services firm with specialties in process design and plant automation, turnaround management, and plant commissioning and start-ups.
IBCF’s investment provided growth capital and helped facilitate Burrow’s acquisition of Industrial Engineering Management, a multi-disciplined engineering firm with offices in Baton Rouge, Louisiana and Clear Lake, Texas.
Independent Bankers Capital Funds (“IBCF”) is pleased to announce its investment in Lane Supply, Inc. Founded in 1950 in Arlington, Texas, Lane Supply is a national manufacturer, supplier and installer of canopies and related components, primarily for all sectors of the retail petroleum industry, from independent regional and national oil marketers to major oil companies. Lane’s retail petroleum customers also include convenience store chains, large wholesale clubs and grocery store chains. Lane’s customized canopies and structures are also used for major projects at airports, sports facilities, schools, office buildings and various types of retail outlets.
IBCF’s investment enabled Lane’s senior managers to acquire control of the Company.
Independent Bankers Capital Funds (“IBCF”) is pleased to announce its investment in Cornerstone Automation Systems, LLC. Founded in 2002, Cornerstone Automation Systems (“CASI”) is dedicated to providing logistics and manufacturing customers with cutting edge automation solutions. CASI offers scalable software and hardware systems to companies with large-scale material handling, logistics, packaging and manufacturing automation.
IBCF provided $3.5 million in Senior Secured Notes and Preferred Equity.
Independent Bankers Capital Funds (“IBCF”) is pleased to announce its investment in Berry Aviation. (“Berry”) of San Marcos, TX. Founded in 1983, Berry is a full service aviation business that provides charter, freight, and line services. This investment supported a recapitalization of Berry as well as provided growth capital.
IBCF provided $4.3 million in subordinated debt and preferred stock.