Hall Research gets investment from private equity firm
Hall Research has landed a cash boost after Michigan headquartered private equity firm Blackford Capital announced it had invested in the Californian AV manufacturer.
Hall Research is Blackford's sixth investment in its National Growth Practice, which invests in companies throughout the USA, and the thirteenth portfolio company currently invested in by Blackford Capital.
Ali Haghjoo, CEO of Hall Research, said: "We are thrilled to be partnering with such an experienced and dedicated team at Blackford Capital.
"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."
Dennis Dunn, operating partner and director of the National Growth Practice at Blackford Capital, said: "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."
"We are confident that we can assist management in leveraging those capabilities in new market segments and geographic regions going forward."