Dallas-based pro AV manufacturer, Hall Technologies, received an additional equity investment by Gun Lake Investments (GLI) to support the company as it pursues a organic growth plan centered around new product expansion. GLI is a Grand Rapids, Mich.-based economic development corporation wholly owned by the Match-E-Be-Nash-She-Wish Band of Pottawatomi Indians, also known as the Gun Lake Tribe.
GLI’s initial investment into Hall Technologies dates back to 2018. Effective April 1, GLI increased its majority share of the business while assuming management control of Hall Technologies. According to a statement, the investment signals GLI’s confidence in Hall Technologies’ leadership, product portfolio and future growth trajectory.
“GLI is known for building relationships leading to investment opportunities that turn into success stories. They see our potential and are giving us the resources we need to expand our presence in the professional audio/visual industry,” says Jason Schwartz, CEO of Hall Technologies.
Schwartz continues, “GLI’s approach to investments is unique relative to other private equity investors. [T]heir people-first mantra and long-term approach align well with the company’s strategy and culture. They see us as an innovator in the AV industry with a promising product roadmap. Our engineers, sales and support staff are innovative, collaborative and connected to designing solutions that reimagine the way people live, work and play.”
GLI’s CEO, Monica King will assume the role of chairwoman for Hall Technologies. King adds, “We are ecstatic to take an even more active role alongside the great team at Hall Technologies as they continue to expand and excel in the high-growth professional A/V market. We think there’s tremendous opportunity in their core markets — including healthcare, corporate IT and education — building upon their outstanding reputation and brand.”
Hall will exhibit at the Indian Gaming Tradeshow & Convention hosted by National Indian Gaming Association (NIGA) held at the Anaheim Convention Center on April 19-22. The 35-year-old show is the largest gathering of tribal leaders and casino executives in the country.
