International. Gun Lake Investments (GLI) made an investment to Hall for its growth. Additionally, the company will have an expansion of the product portfolio and strategic growth.
The American manufacturer, Hall Technologies, announced that it received an equity investment from GLI, to support its organic growth plan focused on the expansion of new products. GLI had previously made an investment in Hall Technologies in 2018, but, effective April 1 of this year, increased its majority stake in the business, while assuming control of the Company's management.
Jason Schwartz, CEO of Hall Technologies, said: "GLI is known for building relationships that lead to investment opportunities that become success stories. They see our potential and give us the resources we need to expand our presence in the professional audiovisual sector. GLI CEO Monica King will assume the role of President of Hall Technologies. We are thrilled to have her on board as we embark on this expansion as she adds deep expertise and diversity to our leadership team."
Monica King said: "We are delighted 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 believe there is tremendous opportunity in their core markets – including healthcare, corporate IT and education – leveraging their excellent reputation and brand."
Finally, for Hall, GLI's investment also occurs because they see them as an innovative company in the audiovisual sector, with a promising product roadmap.
