Advantage Capital Partners

Advantage Capital Partners is a United States‑based venture capital firm that provides growth equity, debt, and mezzanine financing to small and mid‑market companies, with a focus on underserved communities and state and local economic development. The firm invests across sectors including manufacturing, technology, business services, life sciences, and energy, and also supports real estate development projects with equity and debt. It typically makes initial investments ranging roughly from half a million to ten million in companies with modest sales, and may participate in larger follow‑on rounds or co‑invest with other firms. It uses senior debt, mezzanine debt, subordinated loans, and government‑guaranteed lending, and often pursues equity positions through preferred shares or convertible notes. Advantage Capital operates nationwide in the United States, with roots in New Orleans and offices in multiple states, and has backed thousands of jobs and housing projects as part of its mission to expand inclusive economic growth.

Al Alvarez

Director

Brian Anderson

Managing Director

Michael Benson

Senior Vice President

Bitting, Thomas H.P.

Principal

Adam Constantinides

Senior Vice President

Past deals in Electrical Equipment

Whitman Controls

Private Equity Round in 2024
Whitman Controls is a manufacturer based in Bristol, Connecticut, specializing in custom-engineered industrial automation solutions. The company designs and produces a wide range of miniature pressure, vacuum, temperature, and liquid level switches and sensors. These products are tailored to meet the specific needs of original equipment manufacturers (OEMs), ensuring that customers receive solutions that precisely align with their requirements. Whitman Controls is recognized for its commitment to quality and precision in the development of its switches and sensors, serving various applications across multiple industries.

Coastwide Electric

Debt Financing in 2021
Coastwide Electric, headquartered in Amelia, Louisiana, specializes in ship repair and conversion services. Their expertise spans various electrical systems, including alarm and steering systems, propulsion controls, generator systems, and distribution systems. They also offer maintenance and repair for shipyard electrical systems, commercial/industrial underground electrical installation, and vessel conversions. The company employs technicians with extensive experience in USCG automation testing and electrical construction.

M Wave

Debt Financing in 2020
M Wave is an electrical/electronic manufacturing company specializes in printed circuit boards, fabricated metals & plastic parts.

Mirac

Debt Financing in 2019
Mirac, Inc. is an electronics manufacturing and development company based in Lynchburg, Ohio, established in 1992. The company specializes in providing a range of services to the electronics industry, including electronics assembling, fabrication, contract manufacturing, and the design and delivery of electronic products. Mirac offers various technical services such as automated optical inspection, wave soldering, selective soldering, PCB water washing, encapsulation, conformal coating, functional testing, and wire processing. The company is known for its ability to adapt its facilities, equipment, and personnel to meet specific production needs for its clients. As of October 2018, Mirac operates as a subsidiary of Mirac Investment, LLC.

Champion Controls

Debt Financing in 2019
Champion Controls is a supplier of control systems offering system integration and engineering design services, as well as manufacturing custom control panels. It manufactures custom engineered control systems for water/waster water, factory automation, movable bridge rehabilitation, and all process control industries. The company holds Underwriters Laboratory (UL) certifications for the USA and Canada as a manufacturer of industrial control panels, UL Master Labeler for lightning protection systems as well as industrial control panels relating to hazardous locations. It also provides motor and drives testing services.

Nomis Seismographs

Debt Financing in 2018
Nomis Seismographs is a manufacturer of seismic monitoring equipment that serves the quarrying, construction, infrastructure, and mining sectors. The company specializes in instruments designed to record particle velocity resulting from ground movement, enabling clients to monitor ground vibrations and air over-pressure. Its equipment and services are essential for customers to comply with regulatory requirements, provide liability protection, and optimize operational performance.

Mirac

Venture Round in 2018
Mirac, Inc. is an electronics manufacturing and development company based in Lynchburg, Ohio, established in 1992. The company specializes in providing a range of services to the electronics industry, including electronics assembling, fabrication, contract manufacturing, and the design and delivery of electronic products. Mirac offers various technical services such as automated optical inspection, wave soldering, selective soldering, PCB water washing, encapsulation, conformal coating, functional testing, and wire processing. The company is known for its ability to adapt its facilities, equipment, and personnel to meet specific production needs for its clients. As of October 2018, Mirac operates as a subsidiary of Mirac Investment, LLC.

M Wave

Debt Financing in 2018
M Wave is an electrical/electronic manufacturing company specializes in printed circuit boards, fabricated metals & plastic parts.

M Wave

Debt Financing in 2017
M Wave is an electrical/electronic manufacturing company specializes in printed circuit boards, fabricated metals & plastic parts.

M Wave

Debt Financing in 2016
M Wave is an electrical/electronic manufacturing company specializes in printed circuit boards, fabricated metals & plastic parts.

Shape

Debt Financing in 2016
Shape LLC is a manufacturer based in Addison, Illinois, specializing in custom magnetic products. Established in 1966, the company designs and produces a variety of specialized transformers and inductors, including linear transformers, ferroresonant transformers, and constant wattage ballasts. Its products cater to diverse applications, such as airport lighting, water purification, telecom equipment, and medical devices, as well as advanced systems like X-ray equipment and laser power supplies. Shape also offers patented circuits that integrate regulating transformers with electronic controllers. The company markets its products directly to original equipment manufacturers and through representatives and distributors, serving a global clientele with innovative transformer solutions and magnetic assemblies.

CPS Distributors

Debt Financing in 2015
CPS Distributors, Inc. is a leading wholesale distributor of professional pumps, irrigation, and landscape supplies in the Rocky Mountain Region, operating 13 locations across Colorado and Wyoming. Founded in 1890 and rebranded in 1973, the company serves contractors and clients in both commercial and residential sectors. CPS Distributors offers a comprehensive range of products, including landscape drainage solutions, fertilizers, golf course supplies, irrigation systems, and horticultural equipment. Additionally, the company provides lighting supplies, outdoor living materials, and various pumps and well supplies. Beyond product distribution, CPS Distributors also delivers technical and landscape design services, as well as repair and on-site support, prioritizing customer needs and maintaining a commitment to professionalism and integrity.

Associated Equipment

Debt Financing in 2015
Associated Equipment is a manufacturer based in Saint Louis, Missouri, specializing in battery management technology. The company provides a range of products including professional-grade battery charging solutions, electrical system testing tools, portable power sources, booster cables, clamps, and various charging accessories. Their offerings encompass heavy-duty battery chargers, intelligent battery chargers, jump starters, multi-battery charging systems, and wheeled chargers, catering to the needs of commercial and fleet applications. By leveraging both cutting-edge and proven technologies, Associated Equipment aims to deliver reliable solutions for battery management and electrical system performance.

BrightVolt

Venture Round in 2015
BrightVolt, Inc. is a company focused on the design, development, and large-scale manufacturing of ultra-thin film batteries tailored to power a range of Internet-connected devices, including medical patches, sensor labels, and power cards. It specializes in creating custom solid-state thin film batteries and power solutions for clients' Internet of Things (IoT) devices, along with its proprietary Flexion solid-state thin film lithium polymer batteries and microelectronic components. BrightVolt's innovative technologies enhance battery chemistry, offering increased stability and safety in lithium-polymer batteries. The company's products are distributed both in the United States and internationally. Founded in 1998 and headquartered in Redmond, Washington, BrightVolt was previously known as Solicore, Inc.

Champion Controls

Debt Financing in 2015
Champion Controls is a supplier of control systems offering system integration and engineering design services, as well as manufacturing custom control panels. It manufactures custom engineered control systems for water/waster water, factory automation, movable bridge rehabilitation, and all process control industries. The company holds Underwriters Laboratory (UL) certifications for the USA and Canada as a manufacturer of industrial control panels, UL Master Labeler for lightning protection systems as well as industrial control panels relating to hazardous locations. It also provides motor and drives testing services.

C&M Corporation

Debt Financing in 2014
C&M Corporation is a manufacturer specializing in standard and custom cable products, including wires and cables, tray cables, industrial Ethernet cables, DeviceNet cables, and various types of continuous flex cables. The company also produces electric vehicle solutions, cable assemblies, over molded cable assemblies, and coil cords. C&M Corporation serves diverse industries such as industrial, medical, military, and renewable energy. Established in 1964 and headquartered in Dayville, Connecticut, the company operates manufacturing facilities in Mexico and China. As a vertically integrated manufacturer, C&M Corporation emphasizes compliance with RoHS standards and employs advanced manufacturing processes to enhance efficiency and reduce production cycles. This commitment enables the company to provide competitive and high-quality cable solutions tailored to meet customer specifications.

INDEECO

Debt Financing in 2014
Indeeco designs and manufactures electric heating and thermal management technologies for commercial, industrial markets, military, marine, and rail applications. Their commercial products such as unit heaters, duct heaters, wall, ceiling, and floor heaters, radiant heaters, baseboards, convector heaters, and explosion-proof heaters. Their industrial products such as immersion heaters, circulation, in-line heaters, process air heaters, impedance pipe heating systems, tubular, finned tubular elements, bolt heaters, enclosure heaters, heating, control panels, controls, heat trace, rail heating, and spectrum rail heating solutions. Their applications include industrial heating, commercial heating, process heating, process controls, snow, and ice melting.

CPS Distributors

Debt Financing in 2014
CPS Distributors, Inc. is a leading wholesale distributor of professional pumps, irrigation, and landscape supplies in the Rocky Mountain Region, operating 13 locations across Colorado and Wyoming. Founded in 1890 and rebranded in 1973, the company serves contractors and clients in both commercial and residential sectors. CPS Distributors offers a comprehensive range of products, including landscape drainage solutions, fertilizers, golf course supplies, irrigation systems, and horticultural equipment. Additionally, the company provides lighting supplies, outdoor living materials, and various pumps and well supplies. Beyond product distribution, CPS Distributors also delivers technical and landscape design services, as well as repair and on-site support, prioritizing customer needs and maintaining a commitment to professionalism and integrity.

INDEECO

Debt Financing in 2013
Indeeco designs and manufactures electric heating and thermal management technologies for commercial, industrial markets, military, marine, and rail applications. Their commercial products such as unit heaters, duct heaters, wall, ceiling, and floor heaters, radiant heaters, baseboards, convector heaters, and explosion-proof heaters. Their industrial products such as immersion heaters, circulation, in-line heaters, process air heaters, impedance pipe heating systems, tubular, finned tubular elements, bolt heaters, enclosure heaters, heating, control panels, controls, heat trace, rail heating, and spectrum rail heating solutions. Their applications include industrial heating, commercial heating, process heating, process controls, snow, and ice melting.

BrightVolt

Series A in 2013
BrightVolt, Inc. is a company focused on the design, development, and large-scale manufacturing of ultra-thin film batteries tailored to power a range of Internet-connected devices, including medical patches, sensor labels, and power cards. It specializes in creating custom solid-state thin film batteries and power solutions for clients' Internet of Things (IoT) devices, along with its proprietary Flexion solid-state thin film lithium polymer batteries and microelectronic components. BrightVolt's innovative technologies enhance battery chemistry, offering increased stability and safety in lithium-polymer batteries. The company's products are distributed both in the United States and internationally. Founded in 1998 and headquartered in Redmond, Washington, BrightVolt was previously known as Solicore, Inc.

Inter-Global

Debt Financing in 2013
Inter-Global is a supplier of lighting products to OEM lighting and electrical industries. The company is based in St. Louis, Missouri.

Champion Controls

Debt Financing in 2013
Champion Controls is a supplier of control systems offering system integration and engineering design services, as well as manufacturing custom control panels. It manufactures custom engineered control systems for water/waster water, factory automation, movable bridge rehabilitation, and all process control industries. The company holds Underwriters Laboratory (UL) certifications for the USA and Canada as a manufacturer of industrial control panels, UL Master Labeler for lightning protection systems as well as industrial control panels relating to hazardous locations. It also provides motor and drives testing services.

DcR Engineering Services

Debt Financing in 2011
DcR Engineering Services, Inc. is a professional engineering firm based in Mulberry, Florida, with additional offices in Tampa, St. Louis, and Gonzales. Established in 1983, the company specializes in a wide range of engineering services, including mechanical, electrical, controls and automation, process, and civil/structural/architectural engineering and design. Its offerings encompass project engineering, design, programming, construction management, and startup support. DcR Engineering also provides fabrication services for control panels and instrumentation and controls for various applications, such as water and wastewater treatment, industrial processes, and environmental monitoring. The company serves diverse industries, including fertilizer, food and beverage, cement, pharmaceutical, and power generation, along with government and municipal clients across the United States.

INDEECO

Debt Financing in 2008
Indeeco designs and manufactures electric heating and thermal management technologies for commercial, industrial markets, military, marine, and rail applications. Their commercial products such as unit heaters, duct heaters, wall, ceiling, and floor heaters, radiant heaters, baseboards, convector heaters, and explosion-proof heaters. Their industrial products such as immersion heaters, circulation, in-line heaters, process air heaters, impedance pipe heating systems, tubular, finned tubular elements, bolt heaters, enclosure heaters, heating, control panels, controls, heat trace, rail heating, and spectrum rail heating solutions. Their applications include industrial heating, commercial heating, process heating, process controls, snow, and ice melting.

SoftSwitching Technologies

Series E in 2008
SoftSwitching Technologies specializes in power quality and monitoring solutions tailored for industries such as semiconductor, food, beverage, and automotive. The company provides a comprehensive range of products, including battery-free DySC systems, intelligent I-Sense sensors that accurately detect and measure the duration of voltage sags, and a unique global notification network called Grid Alert, which reports power events. These products are designed to identify and rectify brief power disruptions, enhancing operational uptime and efficiency in manufacturing processes. By offering affordable and scalable solutions, SoftSwitching Technologies aims to improve power management for its clients across various sectors.

Niagara Thermal Products

Debt Financing in 2004
Niagara Thermal Products LLC, based in Niagara Falls, New York, specializes in the design and manufacture of advanced thermal management solutions. Founded in 1982, the company offers a diverse range of products, including high-performance heat exchangers, heat sinks, custom liquid cold plates, and thermal management systems. Their product lineup features oil coolers, intercoolers, condensers, evaporators, fuel coolers, and electronics cooling solutions, catering to various applications across multiple sectors such as aerospace, military, electronics, telecommunications, marine, and industrial markets. Niagara Thermal Products is recognized for its engineering expertise and commitment to delivering tailored thermal solutions to meet the specific needs of its customers. The company is a subsidiary of Aavid Thermalloy, LLC.

SoftSwitching Technologies

Series B in 2000
SoftSwitching Technologies specializes in power quality and monitoring solutions tailored for industries such as semiconductor, food, beverage, and automotive. The company provides a comprehensive range of products, including battery-free DySC systems, intelligent I-Sense sensors that accurately detect and measure the duration of voltage sags, and a unique global notification network called Grid Alert, which reports power events. These products are designed to identify and rectify brief power disruptions, enhancing operational uptime and efficiency in manufacturing processes. By offering affordable and scalable solutions, SoftSwitching Technologies aims to improve power management for its clients across various sectors.

Control Center

Debt Financing in 1999
Control Center, based in Orlando, Florida, specializes in the manufacturing of combustion and control sub-systems for industrial gas turbines. The company offers a range of products and services, including integrated systems, fluid systems, control components, and engineering services. Its primary market includes power generation, industrial plants, original equipment manufacturers, and engineering, procurement, and construction firms. Control Center serves various industries, such as petroleum, chemical, aerospace, phosphate, and energy, providing essential systems and services related to instrument, electrical, and fluid controls.
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