ADAO Global, LLC.
Round Rock, Texas
ADAO designs, manufactures, and distributes branded timepieces (wrist watches & fitness trackers) globally, primarily to sporting goods and specialty running stores and, larger department stores. ADAO owns the Soleus (TM) brand and licenses the Columbia (TM) brand.
ADAO’s management team founded the Company in 2009 after previously managing Nike’s Vision Timing and Techlab Division.
IBCF’s investment of $3.8 million will be used to support ADAO’s domestic and international growth opportunities.
San Antonio, TX
Anthony Machine provides high-precision parts to service companies and OEMs serving the Energy, Aggregate and Transportation industries. It is the largest machine shop in San Antonio with an operating history spanning almost 70 years.
IBCF’s investment of $3.5 million helped Framework Capital Partners finance the acquisition of Anthony Machine from the estate of Michael Anthony.
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’s investment financed the construction of a specialized diving support vessel primarily utilized by supermajor energy firms. Management believes the vessel is the first of its kind in the market, has numerous patented features, and will provide a key competitive advantage.
August 15, 2017
Headquartered in Naples, Florida, Azimuth Technology, LLC (“Azimuth”) is a leading precision manufacturer of high-end components sold to firearm OEM’s and aftermarket distributors.
Azimuth’s core competency is its ability to efficiently manufacture complex, high tolerance products and assemblies utilizing the state-of-the-art CNC machine tools which has led to Azimuth quickly becoming known as a premier supplier for leading firearm OEM customers seeking fast turnaround times on high volume precision parts and assemblies.
IBCF’s investment will be used to provide growth capital in support of Azimuth’s expansion strategy.
Berry Aviation, Inc.
Berry is a full service aviation business that provides air carrier and concierge services to both private sector and public clients, including the United States Department of Defense (“U.S. DOD”) and other government agencies. Berry’s primary lines of business are passenger and freight charter services as well as aircraft maintenance and parts services. Berry provides remote site and mission critical airlift services for the U.S. DOD internationally, including passenger and cargo transport, aerial delivery and emergency medical evacuation. Berry also operates a fixed based operator facility at the San Marcos, Texas Municipal Airport. Berry was founded in 1983 by Sonny Berry, who currently serves on the Board of Directors of the company.
IBCF and its co-investors partnered to acquire 100% of the common stock of Berry Aviation, Inc. This investment represents IBCF’s second investment in Berry.
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.
Cornerstone Automation Systems, LLC
Founded in 2002, Cornerstone Automation Systems is dedicated to providing logistics and manufacturing customers with cutting edge automation systems. CASI offers scalable software and hardware systems to companies with large-scale material handling, logistics, packaging and manufacturing automation.
Champion Life Safety Solutions, LLC
Champion has offices in Dallas and Houston and is licensed with the State of Texas to design, install, monitor and maintain custom engineered fire sprinkler systems, fire alarm systems, life safety equipment, and security systems.
IBCF’s investment was used to facilitate Charles (“Chuck”) Henderson’s purchase of Champion. Chuck has 21 years of experience at RAPP, TM Advertising, Dell, MTV Networks and CommonGround Marketing launching products and services, with extensive sales, business development and project management expertise.
Certified Pipe Service Houston
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 used to refinance some existing debt, complete the construction of a new facility, and for general working capital purposes.
DSW specializes in the reconstruction and rehabilitation of damaged homes related to federally funded disaster recovery (“DR”) programs. In addition to the natural disasters, the Company actively bids on approximately $500 million of annual federally funded grants initiated by US Department of Housing and Urban Development (“HUD”) Community Development Block Grant (“CDBG”) program.
IBCF’s investment will be used to provide growth capital.
Independent Rough Terrain Center, LLC
Headquartered in Cibolo, Texas, Independent Rough Terrain Center LLC (“IRTC”), is a specialized manufacturer of rough terrain material handling vehicles, primarily to military customers, but with commercial applications for oil and gas, construction, remote logistics, intermodal logistics, mining, and forestry. In addition to the designing and manufacturing of rough terrain material handling equipment, IRTC is also a full spectrum provider for its fielded fleet, to include training, parts, and service. IRTC formerly d/b/a Kalmar Rough Terrain Center, LLC and was a subsidiary of Cargotec, a recognized leader in cargo and load handling solutions around the world.
IBCF’s investment will be used to actively pursue growth opportunities, and provide ongoing working capital needs for the business.
Integrated Advantage Group, LP.
IAG is a chemical services and fluid logistics company primarily focused on the oil & gas industry.
In 2015, IAG was formed by the management of Smart Chemical Services as a holding company for their existing and newly acquired operating entities.
IBCF contributed $3,000,000 of a $6,000,000 round, which will provide permanent financing for two previously completed acquisitions as well as working capital.
Lane Supply, Inc.
Founded in 1950, Lane Supply is a national manufacturer, supplier and installer of canopies and related components, primarily for all sectors of the retail petroleum industry including major oil companies and regional and national oil marketers.
IBCF’s investment enabled Lane’s senior managers to acquire control of the Company.
Pelagic Equipment and Services Holdings, LLC
Headquartered in Houston, Texas, Pelagic Equipment and Services Holdings, LLC (“Pelagic”) is a wholesale distributor of oilfield equipment with two subsidiaries, Kp Wellhead and Supply, LLC and B&J Wholesale.
Pelagic specializes in the sales and distribution of new American Petroleum Institute-certified equipment such as gate valves, frac tree components, drill through equipment and replacement parts. Pelagic sells and delivers parts and equipment into all of the major basins.
IBCF’s investment will be used to provide capital in support of Pelagic’s expansion strategy, and provide ongoing working capital for the business.
PMA PhotoMetals of Arizona, Inc.
PMA is a leading designer and manufacturer of private-label and branded chemically-etched metal crafting dies for a spectrum of crafting suppliers and end consumers. The Company’s die offering is differentiated by its (i) best-in-class quality; (ii) non-stick proprietary coating; (iii) ability to produce intricate designs, and: (iv) lasting durability.
IBCF’s investment was used to facilitate the purchase of PMA by Ancor Capital Partners.
Raisbeck is a globally recognized designer of performance parts for business aircraft, including turbofan propellers, ram air recovery systems, enhanced performance leading edges, dual aft body strakes, high flotation gear doors, and wing lockers.
Raisbeck’s performance systems are certified worldwide, and installed and supported by a global network of more than 100 service centers and authorized dealers. Raisbeck’s proprietary products are also factory installed by the OEM on certain aircraft.
IBCF’s investment was used to facilitate the purchase of Raisbeck by Acorn Growth Companies, an operationally-focused private equity firm based in Oklahoma City that focuses on aerospace and defense opportunities.
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.
Berry Aviation, Inc.
San Marcos, TX
Berry is a full service aviation business that provides charter freight, and line services. Fund II’s investment supported a recapitalization of Berry as well as provided growth capital.
Berry Aviation, Inc.
San Marcos, TX
Berry is a full service aviation business that provides air carrier and concierge services to both private sector and public clients, including the United States Department of Defense (“U.S. DOD”) and other government agencies. Berry’s primary lines of business are passenger and freight charter services as well as aircraft maintenance and parts services. Berry provides remote site and mission critical airlift services for the U.S. DOD internationally, including passenger and cargo transport, aerial delivery and emergency medical evacuation. Berry also operates a fixed based operator facility at the San Marcos, Texas Municipal Airport. Berry was founded in 1983 by Sonny Berry, who currently serves as Chairman, President, and CEO of the company.
IBCF and its co-investors partnered to facilitate a minority recapitalization of Berry and to support its growth initiatives.
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.
Jardine Foods, Inc.
Jardine Foods, Inc. is a manufacturer of high-end salsas, dips and sauces sold in grocery markets and specialty stores across the United States. Fund II’s investment supported a recapitalization of Jardine’s as well as provided growth capital.
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.
The Finial Company, Inc.
Founded in 1996, The Finial Company, Inc. designs, manufactures and finishes custom drapery hardware. Fund II’s investment supported Finial’s acquisition of the assets of Paris Texas Hardware, another Dallas-based drapery hardware manufacturer.