Independent Bankers Capital Funds

We provide junior capital to profitable lower-middle-market manufacturing, distribution and service companies, primarily in Texas.

Current Investments

These are businesses in which we currently hold an interest.

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).

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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Fund III

Fund III raised $33 million from 39 Texas independent banks and one national bank allowing it to receive commitments from SBA for up to an additional $67 million of investable capital (approximately $100 million of total investable capital).

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.

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Capital Precast

San Marcos, Texas

Capital Precast is a leading manufacturer of precast concrete underground utility products.   The Company has been providing precast concrete storm drain, sewage and electric manholes to utility contractors, distributors and utilities in South and Central Texas for over 20 years.   Capital Precast has experienced topline growth every year since 2009 while also expanding profitability and becoming one of the region’s leading providers of precast concrete products.

IBCF’s investment will provide additional capital to support the company’s continued growth.

 

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Champion Life Safety Solutions, LLC

Dallas, Texas

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.

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Controlled Contamination Services

San Diego, California

Established in 1993, Controlled Contamination Services (“CCS”) provides controlled environment cleaning services, decontamination services and a wide range of other facility services to customers who operate in highly regulated environments. CCS has become a leading national provider of its services by combining an experienced management team with broad technical and industrial knowledge, strict adherence to Good Manufacturing Practices (“GMP”), ISO 9001:2015 certification, and a Quality Management System.

IBCF’s investment will be used to refinance existing debt to allow CCS’s management to execute a long term growth strategy of continuing to penetrate new markets and diversify the revenue and customer base.

 

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Garcia Foods

San Antonio, Texas

Garcia Foods is a leading processor and distributor of branded ready-made Mexican food products to the southern U.S. and Mexican markets. Originally founded in 1956 and headquartered in San Antonio, Texas, Garcia Foods products are sold under two core brand identities: Papa Grande and Andy Garcia Foods, both of which have strong market presence in the industry.  The Company’s products consists of chorizo, barbacoa, tamales and other smoked meats which are sold to grocery stores, wholesale distributors and restaurants primarily in the state of Texas.

IBCF’s investment will be used to fund capital expenditures associated with facility upgrades, as well as ongoing working capital to support future growth.

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Independent Rough Terrain Center, LLC

Cibolo, Texas

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.

Pelagic Equipment and Services Holdings, LLC

Houston, Texas

May 2018

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.

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PMA PhotoMetals of Arizona, Inc.

Phoenix, AZ

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.

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Raisbeck Engineering

Seattle, Washington

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.

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