Realized Investments

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

Fund I

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).

AccuSource Solutions

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.

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Alsay Incorporated

Houston, TX

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.

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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.

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CareCycle Solutions

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.

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Ergo Genesis

Navasota, Texas

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.

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GranQuartz

Tucker, GA

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.

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GrayCo Supply

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.

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Granite & Marble Holdings, Inc.

Dallas, TX

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.

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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.

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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).

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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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).

Azimuth Technology

Naples, Florida

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.

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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.

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DSW Homes

Galveston, Texas

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.

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General Technologies, Inc.

Stafford, TX

Founded in 1992, General Technologies, Inc. (“GTI”) designs, develops, manufactures, and supplies specialty reinforcement systems and components for unbounded post-tensioning systems, bonded post-tensioning systems, concrete accessories, and related equipment.  GTI is globally recognized for quality high-performance products and holds a multitude of US and Worldwide patents  whose technically-advanced products are accepted and used in all areas of the world.

IBCF’s investment will be used to provide growth capital.

 

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Integrated Advantage Group, LP.

Amarillo, Texas

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.

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