Fund I was conceived in 1998 and licensed by the SBA in 2000. Fund I raised $23 million of private capital from 56 Texas independent banks allowing it to receive commitments from SBA for up to $46 million of additional investment capital ($69 million of total investable capital).
Realized InvestmentsThese are businesses in which we don't currently hold an interest, but in which we did at one time.
AccuSource (formerly known as DFMC) is a leading provider of forms design, management and fulfillment services to banks in the southwestern United States. Fund I provided preferred stock financing to effect the recapitalization of the business.
Alsay is a leading provider of municipal and industrial water well drilling and servicing to cities, municipalities and municipal utility districts in the Houston and San Antonio markets. Fund I provided equity financing.
C & G Supply, LLC
Fort Worth, Texas
C & G is one of the largest pipe, valve, and fittings distributors, primarily serving the Ft. Worth area. Fund I provided preferred unit financing to enable the company to accelerate its growth and expansion.
CCS is one of if not the largest providers of telehealth solutions to Medicare patients with chronic diseases in Texas and Louisiana. Fund I provided equity financing to consummate CCS’s initial acquisitions.
Ergo acquired certain assets of BodyBilt, a subsidiary of a public corporation. Ergo manufactures and markets customized ergonomic office chairs. Fund I provided equity and subordinated debt financing.
GranQuartz is a stone tool distributor located in Tucker, GA (a suburb of Atlanta). GranQuartz sells tools, equipment and supply items to the natural stone market in North America. Fund I’s investment manager sponsored the recapitalization and provided equity as lead investor.
ADI acquired the common stock of Graco Supply Company (“Graco”) of Fort Worth. Graco is a distributor of specialty chemicals and supplies primarily consumed in the manufacturing, repair and refurbishment of aircraft. Fund I partners with company management and provided equity and subordinated debt financing.
Granite & Marble Holdings, Inc.
GMH acquired the common stock of IMC, Inc. of Dallas and IMCA, Inc. of Phoenix. IMC is in the business of importing and distributing natural stone products, such as marble and granite, for use primarily in the building, construction and remodeling trades. Fund I’s investment manager sponsored the transaction and provided equity and subordinated debt financing as lead investor.
Painless Performance Products
Fort Worth, Texas
Painless is the primary operating subsidiary of Perfect Performance. The primary business of Painless is the manufacture of specialty electrical wiring harnesses for the high performance automotive after-market. Fund I provided preferred equity financing.