Shareholder acquires Hawaiian Falls' parent company

Atlanta-based private equity firm Source Capital LLC acquired Horizon Family Holdings, the owner and operator of Hawaiian Falls water parks, the two companies announced May 15.

David Busch, the founder and CEO of Horizon Family Holdings, will stay on with his title, according to a statement.

"We are excited to expand our relationship with Hawaiian Falls and look forward to pursuing a number of initiatives with management to improve upon the 14-year operating history of Hawaiian Falls,” said Ben Emmons, partner at Source Capital.

Source Capital has been an investor in Horizon since December 2013, according to the release.

The Hawaiian Falls Water & Adventure Park in Pflugerville, as well as all other parks under the brand, will still open May 23, according to the release. The Pflugerville park is beginning its second year in operation. The Pflugerville park laid off 12 full-time employees in December after the winter season was more difficult than anticipated, according to a spokesperson at that time.

Updated 4:45 p.m.

Horizon Family Holdings CEO David Busch said Source Capital will provide the investment needed for the company to grow.

"We knew we wanted to continue to grow these parks at every opportunity," Busch said. "We knew additional investment would be necessary over time and that's what Source Capital brings to us."

Busch said that the acquisition will not affect the parks' day to day operations. He said their relationship with the city of Pflugerville will remain the same. Pflugerville Community Development Corp. Executive Director Floyd Akers said the same.

Busch said the acquisition was not related to the layoffs that occured in December. He said the layoffs would have had happened no matter who the majority shareholder was.

"That was a natural and normal occasion," he said. "It was painful, very painful, but we just couldn't support the additional staff with the new park."


Photo of a doctor with a pregnant woman
Austin health experts warn delta variant could pose higher risk for pregnant women

Maternal medicine doctors across Central Texas have seen increasing numbers of pregnant women coming to the hospital with breathing issues and pregnancy complications as a result of COVID-19.

Photo of medical professions in a hospital
Health officials warn ICU space is critically low as Travis County sees its 900th COVID-19 death

As the delta variant drives transmission rates up, local hospital systems warn that ICUs are strained.

Round Rock ISD released enrollment information for its virtual learning program July 29. (Brooke Sjoberg/Community Impact Newspaper)
Round Rock ISD releases virtual learning enrollment information

Round Rock ISD released enrollment information for its fall 2021 virtual learning program July 29.

Brian Rash/Community Impact Newspaper
Collision repair shop MAACO coming to Pflugerville

Founded in 1972, the business offers a range of services including automobile painting, insurance claim assistance, fleet services and collision repair.

Photo of a Samsung property
Travis County receives economic incentives application from Samsung for $17B plant expansion project

Samsung is considering multiple locations for the project, including an undisclosed location in Taylor ISD.

The Taylor ISD board of trustees met June 30 and approved an application for property tax value limitation from Samsung Austin Semiconductor. (Screenshot courtesy Taylor ISD)
Texas comptroller records show Taylor ISD Chapter 313 agreement is for $17B Samsung Austin Semiconductor facility

In records obtained from the comptroller’s website by Community Impact Newspaper, a property with an undisclosed location is the subject of an application for tax reimbursement on a $17 billion facility over the course of five years.

Photo of the Texas State Capitol
Central Texas representatives weigh in as House Democrats walk out during special legislative session

Texas House Democrats left the state for D.C. July 12 in an attempt to stall out Republican-sponsored voting restriction bills.

Council members voted unanimously to approve the rezoning, which will change the Camp Doublecreek property from C-1 commercial and SF-2 single family residential to a planned use development, which has the potential capacity to add 300 more residential units to the city. (Brooke Sjoberg/Community Impact Newspaper)
Round Rock’s Camp Doublecreek continuing operations under new ownership

Camp Doublecreek will continue operations under new ownership after summer 2021.

Z’Tejas to close Arboretum restaurant, open new Avery Ranch spot in fall

The last day of service at Z'Tejas in the Arboretum is July 2.

Retail businesses likely coming to acreage just east of Lake Pflugerville

A 4.7-acre plat of land located on the southeast corner of Weiss Lane and Jesse Bohls Road east of Lake Pflugerville has been rezoned to a retail district.