Hall Technologies has announced that it received an additional equity investment by Gun Lake Investments (“GLI”) to support the company as it pursues a rapid organic growth plan centered around new product expansion. GLI’s initial investment into Hall Technologies dates back to 2018, and, effective April 1, GLI increased its majority share of the business while assuming management control of the company. 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,” says Jason Schwartz, CEO of Hall Technologies. “They see our potential and are giving us the resources we need to expand our presence in the professional audio/visual industry. GLI’s CEO Monica King will assume the role of chairwoman for Hall Technologies. We are thrilled to have her aboard as we embark on this expansion as she adds a depth of experience and diversity to our leadership team.
“GLI’s approach to investments is unique relative to other private equity investors — their people-first mantra and long-term approach align well with the Hall’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”.
“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 AV market,” says King. “We think there’s tremendous opportunity in their core markets — including healthcare, corporate IT, and education — building upon their outstanding reputation and brand.”