Grand Rapids’ Blackford Capital Invests in California Audiovisual Company
Grand Rapids' Blackford Capital has invested in California-based audiovisual company Hall Research.
Photo courtesy of Hall Research
Blackford Capital, a national private equity firm based in Grand Rapids, Tuesday announced it has invested in Tustin, Calif.’s Hall Research, a designer, engineer, and manufacturer of audiovisual hardware and software systems that better communicate between audiovisual sources and displays.
Blackford completed the transaction with financing from Gun Lake Investments and Comerica Bank in Detroit.
Hall Research’s product line includes video over CATx solutions, matrix switchers, scaling products, and automation products. The company is Blackford’s sixth investment in its national growth practice, which invests in companies throughout the U.S., as well as the 13th portfolio company Blackford has invested in.
“We are thrilled to be partnering with such an experienced and dedicated team at Blackford Capital,” says Ali Haghjoo, CEO of Hall Research. “We feel that with Blackford's expertise, financial and operational insight, and willingness to partner together, Hall has tremendous potential in achieving growth and other strategic initiatives in the months and years to come.”
Hall Research features 22 product lines and more than 500 SKUs. Its senior management team has more than 60 years of cumulative experience in the audiovisual and electronic hardware industries.
“From the outset, we were impressed with Hall's ability to leverage its in-house engineering and product innovation capabilities in developing custom-tailored solutions for its customers,” says Dennis Dunn, operating partner and director of the national growth practice at Blackford. “We are confident that we can assist management in leveraging those capabilities in new market segments and geographic regions going forward.”
Blackford Capital was founded in 2000.