Fund II

Fund II raised $21 million from 29 Texas independent banks allowing it to receive commitments from SBA for up to an additional $42 million of investment capital ($63 million of total investable capital).

Current Investments

These are businesses in which we currently hold an interest.

Anthony Machine

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.

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Aqueos Corporation

Broussard, LA

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.

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Burrow Global

Houston, TX

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.

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Certified Pipe Service Houston

Channelview, TX

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.

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Lane Supply, Inc.

Arlington, Texas

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.

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Realized Investments

These are businesses in which we don't currently hold an interest, but in which we did at one time.

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.

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Cornerstone Automation Systems, LLC

Frisco, Texas

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.

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Jardine Foods, Inc.

Buda, Texas

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.

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The Finial Company, Inc.

Dallas, TX

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.

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