Investment Summary

Texas Next Capital and Independent Bankers Capital Fund Invest In Capital Precast

On January 8, 2020, private equity firm Texas Next Capital and mezzanine finance firm Independent Bankers Capital Fund invested in building materials company Capital Precast

Investment Highlights
  • This is Texas Next Capital’s 1st and Independent Bankers Capital Fund’s 2nd transaction in the Building Materials sector.
  • This is Texas Next Capital’s 3rd and Independent Bankers Capital Fund’s 24th transaction in the United States.
  • This is Texas Next Capital’s 1st and Independent Bankers Capital Fund’s 19th transaction in Texas.

Investment Summary
Date 2020-01-08
Target Capital Precast
Sector Building Materials
Investor(s) Texas Next Capital
Independent Bankers Capital Fund
Deal Type Growth Capital

Target

Capital Precast

San Marcos, Texas, United States
Capital Precast is a manufacturer of precast concrete underground utility products. Capital Precast's 80,000 square-foot manufacturing facility has been recognized by the National Precast Concrete Association as one of the top 25 out of 400+ precast concrete manufacturing plants in the U.S. for the past four years. Capital Precast consistently offers strong technical expertise, superior customer service, and best-in-class quality. Capital Precast was founded in 1997 and is based in San Marcos, Texas.

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Investor(S) 2

Investor

Texas Next Capital

Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Texas Next Capital is a private investment firm focused on investing in mature companies throughout the state of Texas. Texas Next looks to invest $3 to $20 million in lower middle-market businesses with up to $50 million in revenue. Industries of interest include business products/services, consumer products/services, healthcare, information technology, financial services, insurance, energy equipment and services, materials, and packaging. Texas Next will not invest in early stage venture capital, real estate, energy development or turnaround opportunities. Texas Next Capital is based in San Antonio, Texas.

DEAL STATS #
Overall 3 of 3
Sector (Building Materials) 1 of 1
Type (Growth Capital) 1 of 1
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-19 Summit Air Ambulance

Meridian, Idaho, United States

Summit Air Ambulance provides critically ill and injured patients with safe & rapid transport to life-improving trauma facilities & specialized medical care in rural & other underserved communities.

Sell -
Investor

Independent Bankers Capital Fund

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Independent Bankers Capital Fund LP (IBCF) is a private equity partnership that provides equity and junior capital to established lower-middle-market companies primarily in the Southwestern United States. IBC seeks to invest in companies with revenues of $10 to $50 million. Prospective companies are generally profitable with at least $2 million of EBITDA. IBCF targets investments in profitable manufacturing, distribution, or in some cases, service businesses. The Firm looks to invest in the range of $3 to $12 million per transaction. The Group prefers financing change of control, recapitalization and later-stage growth capital needs. IBCF was formed in 1998 and is based in Dallas, Texas.

DEAL STATS #
Overall 24 of 25
Sector (Building Materials) 2 of 2
Type (Growth Capital) 7 of 8
State (Texas) 19 of 20
Country (United States) 24 of 25
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Berry Aviation

San Marcos, Texas, United States

Berry Aviation is an operator of an aviation company, with a portfolio of services that includes government, private charter, scheduled and on-demand freight, component maintenance repair and overhaul, and fixed base operations. Berry Aviation was founded in 1983 and is based in San Marcos, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-31 Garcia Foods

San Antonio, Texas, United States

Garcia Foods is a processor and distributor of branded ready-made Mexican food products to the southern U.S. and Mexican markets. Garcia Foods is based in San Antonio, Texas.

Buy -
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