Advantage X

Advantage Capital is a venture capital firm founded in 1992 and based in New Orleans, Louisiana, with additional offices across the United States. The firm specializes in growth equity, lending, and mezzanine debt capital investments, primarily targeting small businesses at various stages of development, from early to later stages, excluding seed investments. Advantage Capital focuses on investing in low-income communities, both urban and rural, and supports state and local economic development initiatives. It seeks opportunities in sectors such as communication, information technology, telecommunications, business services, manufacturing, pharmaceuticals, biotechnology, life sciences, and energy, while also considering investments in rural agricultural businesses. The firm typically makes initial investments ranging from $0.5 million to $10 million in companies with sales of less than $5 million, with potential for larger investments based on milestones. Advantage Capital also provides various forms of debt capital and prefers co-investing with other firms. The firm is committed to addressing the financing needs of underserved areas and fostering economic growth in communities lacking traditional sources of risk capital.

Al Alvarez

Director

Brian Anderson

Managing Director

Anthony Billings

Senior Vice President and Investment Team Member

Bitting, Thomas H.P.

Managing Director

Adam Constantinides

Senior Vice President

Anaëlle Croteau

Vice President

Trey Garland

Senior Associate

Christopher C. Harris

Principal

Joseph Henderson

Senior Vice President

Leah Hendricks

Vice President

Reid Hutchins

Managing Director

Peter Lu

Senior Associate

David McNaught

Vice President

Arjun Mohan

Vice President

Sandra M. Moore

Managing Director / Chief Impact Officer

Scott Murphy

Managing Director and Chief Investment Officer

Justin N. Obletz

CFO and Managing Director

Tim Perusek

Principal and Investment Group Member

Keith Pettus

Principal

Damon L. Rawie

Managing Director

Josh Rogers

Principal

Gabe Rosen

Vice President

Talmadge Singer

Managing Director

Steven T. Stull

President

Matthew Switzer

Vice President

Tony Toups

Principal

Alexandra Twyman

Vice President

Benjamin T. Warning

Vice President

J.P. Lynch

Vice President

Past deals in Georgia

Soli Organic

Venture Round in 2021
Soli Organic is a company that specializes in the cultivation, packing, and shipping of fresh organic culinary herbs. Founded in 1989 and headquartered in Harrisonburg, Virginia, it operates a production facility in Jefferson, Georgia. Soli Organic offers a diverse range of products, including various herbs such as basil, cilantro, dill, mint, and thyme, as well as herb blends and microgreens. The company provides a year-round supply of these organic herbs to grocery stores, enabling consumers to enjoy locally sourced, flavorful ingredients throughout the year. In addition to its agricultural operations, Soli Organic also offers refrigerated transportation services to ensure efficient delivery. It primarily serves retailers across several states in the southeastern United States, including Georgia, Florida, and North Carolina.
Advance Industrial Maintenance and Machine focuses on providing industrial solutions. The company offers engineering, machine design, fabrication, machine shop, plant maintenance, process cooling, powder coating, and blasting services. It is headquartered in Augusta, Georgia.
Advance Industrial Maintenance and Machine focuses on providing industrial solutions. The company offers engineering, machine design, fabrication, machine shop, plant maintenance, process cooling, powder coating, and blasting services. It is headquartered in Augusta, Georgia.

Soli Organic

Series C in 2020
Soli Organic is a company that specializes in the cultivation, packing, and shipping of fresh organic culinary herbs. Founded in 1989 and headquartered in Harrisonburg, Virginia, it operates a production facility in Jefferson, Georgia. Soli Organic offers a diverse range of products, including various herbs such as basil, cilantro, dill, mint, and thyme, as well as herb blends and microgreens. The company provides a year-round supply of these organic herbs to grocery stores, enabling consumers to enjoy locally sourced, flavorful ingredients throughout the year. In addition to its agricultural operations, Soli Organic also offers refrigerated transportation services to ensure efficient delivery. It primarily serves retailers across several states in the southeastern United States, including Georgia, Florida, and North Carolina.

Cady Bag

Debt Financing in 2020
Cady Bag Company, LLC is a manufacturer based in Pearson, Georgia, specializing in polypropylene fabrics and bags. Founded in 1957, the company operates as a vertically integrated entity, providing a diverse range of products that cater to various industries. Its offerings include mesh bags for produce such as onions and citrus, biaxially oriented polypropylene bags for packaging animal nutrition and pet food, and specialty bags for niche markets, including seafood and agriculture. Cady Bag also produces protective fabrics for manufactured housing and recreational vehicles, as well as geotextile fabrics. With a commitment to quality and consistency, Cady Bag utilizes state-of-the-art equipment to deliver competitive products tailored to the needs of its clients. The company was previously known as Cady-Webb Bag Company before rebranding in 1967.

GaXtracts

Venture Round in 2020
GaXtracts, LLC is a company based in Atlanta, Georgia, specializing in the production of industrial hemp products. Established in 2016, it manufactures a range of hemp-derived products, including cannabidiol (CBD) tinctures, capsules, and topicals, as well as medical-grade hand sanitizers, particularly in response to the COVID-19 pandemic. GaXtracts partners with farmers to source high-quality organic hemp, which is processed in its pharmaceutical-grade facility through an extraction process that isolates CBD molecules. The company sells its products online, catering to both individual consumers and industries in need of hemp-based solutions.

GaXtracts

Debt Financing in 2020
GaXtracts, LLC is a company based in Atlanta, Georgia, specializing in the production of industrial hemp products. Established in 2016, it manufactures a range of hemp-derived products, including cannabidiol (CBD) tinctures, capsules, and topicals, as well as medical-grade hand sanitizers, particularly in response to the COVID-19 pandemic. GaXtracts partners with farmers to source high-quality organic hemp, which is processed in its pharmaceutical-grade facility through an extraction process that isolates CBD molecules. The company sells its products online, catering to both individual consumers and industries in need of hemp-based solutions.

Soli Organic

Debt Financing in 2020
Soli Organic is a company that specializes in the cultivation, packing, and shipping of fresh organic culinary herbs. Founded in 1989 and headquartered in Harrisonburg, Virginia, it operates a production facility in Jefferson, Georgia. Soli Organic offers a diverse range of products, including various herbs such as basil, cilantro, dill, mint, and thyme, as well as herb blends and microgreens. The company provides a year-round supply of these organic herbs to grocery stores, enabling consumers to enjoy locally sourced, flavorful ingredients throughout the year. In addition to its agricultural operations, Soli Organic also offers refrigerated transportation services to ensure efficient delivery. It primarily serves retailers across several states in the southeastern United States, including Georgia, Florida, and North Carolina.

StruXure Outdoor

Debt Financing in 2019
Manufacturer of adjustable pergola products intended to let people control the effects of weather in their outdoor spaces. The company's products are made from recycled aluminum and stainless steel components that have the technology to open, close, pivot, and slide, enabling customers to have a low-maintenance product that can be enjoyed for many years to come.

Meltblown Technologies

Debt Financing in 2019
Meltblown Technologies manufactures spill control and industrial hygiene products to help keep a workplace clean, safe, and in compliance. MBT absorbents clean up all kinds of leaks, drips, and spills. Its spill kits provide everything needed for a quick response to a variety of spill applications. The company's containment products provide for the safe storage of chemicals, fluids, and hazardous materials. Meltblown Technologies was founded in Sandersville, Georgia in 2007.

Lee & Cates Glass

Debt Financing in 2019
Lee & Cates Glass, Inc. is a comprehensive provider of glass products and services catering to automotive, commercial, and residential needs. Founded in 1926 in Jacksonville, Florida, by Thomas D. Lee Sr. and Raymond H. Cates, the company offers a wide array of products, including side and rear-view mirrors, power windows, sliding glass doors, hurricane-resistant glass, and various types of decorative glass. In addition to product offerings, Lee & Cates Glass provides installation, repair, and replacement services, such as mobile auto glass repair, windshield replacement, and construction glazing. The company operates multiple service locations across Georgia and Florida, ensuring accessibility and convenience for its customers.

Danimer Scientific

Venture Round in 2019
Danimer Scientific, based in Bainbridge, Georgia, specializes in the production of biopolymers designed to replace traditional plastics and reduce petrochemical pollution. Founded in 2004, the company manufactures a range of biodegradable and compostable products under the proprietary Nodax brand name, including additives, coatings, films, and resins suitable for various applications such as disposable flatware, packaging, and food contact items. Danimer Scientific is committed to sustainability, utilizing renewable resources and toxin-free manufacturing processes. The company also offers research and development, as well as toll manufacturing services for bio-based materials. Its products are certified for biodegradability and compostability, making them viable alternatives in efforts to mitigate plastic waste. With a production facility in Winchester, Kentucky, Danimer Scientific primarily serves markets in the United States and aims to provide solutions that return to nature rather than contribute to environmental pollution.

Danimer Scientific

Debt Financing in 2019
Danimer Scientific, based in Bainbridge, Georgia, specializes in the production of biopolymers designed to replace traditional plastics and reduce petrochemical pollution. Founded in 2004, the company manufactures a range of biodegradable and compostable products under the proprietary Nodax brand name, including additives, coatings, films, and resins suitable for various applications such as disposable flatware, packaging, and food contact items. Danimer Scientific is committed to sustainability, utilizing renewable resources and toxin-free manufacturing processes. The company also offers research and development, as well as toll manufacturing services for bio-based materials. Its products are certified for biodegradability and compostability, making them viable alternatives in efforts to mitigate plastic waste. With a production facility in Winchester, Kentucky, Danimer Scientific primarily serves markets in the United States and aims to provide solutions that return to nature rather than contribute to environmental pollution.

Danimer Scientific

Debt Financing in 2019
Danimer Scientific, based in Bainbridge, Georgia, specializes in the production of biopolymers designed to replace traditional plastics and reduce petrochemical pollution. Founded in 2004, the company manufactures a range of biodegradable and compostable products under the proprietary Nodax brand name, including additives, coatings, films, and resins suitable for various applications such as disposable flatware, packaging, and food contact items. Danimer Scientific is committed to sustainability, utilizing renewable resources and toxin-free manufacturing processes. The company also offers research and development, as well as toll manufacturing services for bio-based materials. Its products are certified for biodegradability and compostability, making them viable alternatives in efforts to mitigate plastic waste. With a production facility in Winchester, Kentucky, Danimer Scientific primarily serves markets in the United States and aims to provide solutions that return to nature rather than contribute to environmental pollution.

Soli Organic

Debt Financing in 2019
Soli Organic is a company that specializes in the cultivation, packing, and shipping of fresh organic culinary herbs. Founded in 1989 and headquartered in Harrisonburg, Virginia, it operates a production facility in Jefferson, Georgia. Soli Organic offers a diverse range of products, including various herbs such as basil, cilantro, dill, mint, and thyme, as well as herb blends and microgreens. The company provides a year-round supply of these organic herbs to grocery stores, enabling consumers to enjoy locally sourced, flavorful ingredients throughout the year. In addition to its agricultural operations, Soli Organic also offers refrigerated transportation services to ensure efficient delivery. It primarily serves retailers across several states in the southeastern United States, including Georgia, Florida, and North Carolina.

ReST

Debt Financing in 2018
ReST believes in perfecting each element of your sleep environment so you can sleep better and perform better. That’s why They brought together the best technology to create the world’s first smart bed. A ReST Bed™ incorporates a patented system called Adaptive Sleep Thinking™ which is a smart fabric that senses changes in pressure…and dynamically responds to your body in real-time to relieve pressure. When you wake up, ReST empowers you with data that helps you understand your sleep so that you can achieve peak performance.

Lee & Cates Glass

Debt Financing in 2018
Lee & Cates Glass, Inc. is a comprehensive provider of glass products and services catering to automotive, commercial, and residential needs. Founded in 1926 in Jacksonville, Florida, by Thomas D. Lee Sr. and Raymond H. Cates, the company offers a wide array of products, including side and rear-view mirrors, power windows, sliding glass doors, hurricane-resistant glass, and various types of decorative glass. In addition to product offerings, Lee & Cates Glass provides installation, repair, and replacement services, such as mobile auto glass repair, windshield replacement, and construction glazing. The company operates multiple service locations across Georgia and Florida, ensuring accessibility and convenience for its customers.

ReST

Debt Financing in 2017
ReST believes in perfecting each element of your sleep environment so you can sleep better and perform better. That’s why They brought together the best technology to create the world’s first smart bed. A ReST Bed™ incorporates a patented system called Adaptive Sleep Thinking™ which is a smart fabric that senses changes in pressure…and dynamically responds to your body in real-time to relieve pressure. When you wake up, ReST empowers you with data that helps you understand your sleep so that you can achieve peak performance.

Lee & Cates Glass

Debt Financing in 2016
Lee & Cates Glass, Inc. is a comprehensive provider of glass products and services catering to automotive, commercial, and residential needs. Founded in 1926 in Jacksonville, Florida, by Thomas D. Lee Sr. and Raymond H. Cates, the company offers a wide array of products, including side and rear-view mirrors, power windows, sliding glass doors, hurricane-resistant glass, and various types of decorative glass. In addition to product offerings, Lee & Cates Glass provides installation, repair, and replacement services, such as mobile auto glass repair, windshield replacement, and construction glazing. The company operates multiple service locations across Georgia and Florida, ensuring accessibility and convenience for its customers.

Mooring Tech

Debt Financing in 2015
Mooring Tech focuses on providing Panasonic Toughbook line of notebook computers. It specilaizes on the Panasonic Computer Solutions' rugged product line gives the company an advantage over its competitors in that they have expert product knowledge and implementation services for the Toughbook mobile computers and accompanying products such as mounting systems, network infrastructure, and software. It is headquartered in Atlanta, Georgia.

First Step Staffing

Debt Financing in 2015
First Step is committed to providing its employees extensive training, meticulous support, and community reinvestment to provide you with the skilled and qualified employees you need.

BroadRiver Communications

Debt Financing in 2015
BroadRiver Communications is a privately held IT solutions provider based in Atlanta, Georgia, specializing in cloud, voice, data, internet connectivity, hosting, colocation, and managed services. With a history spanning over 20 years, the company serves small to medium-sized businesses as well as larger enterprises. BroadRiver aims to simplify the complexities of business communications by integrating diverse services, allowing clients to avoid the challenges of coordinating multiple vendors. The company operates Tier 1 through Tier 4 data centers and focuses on delivering high-quality services tailored to meet the specific needs of its customers.

Soli Organic

Venture Round in 2015
Soli Organic is a company that specializes in the cultivation, packing, and shipping of fresh organic culinary herbs. Founded in 1989 and headquartered in Harrisonburg, Virginia, it operates a production facility in Jefferson, Georgia. Soli Organic offers a diverse range of products, including various herbs such as basil, cilantro, dill, mint, and thyme, as well as herb blends and microgreens. The company provides a year-round supply of these organic herbs to grocery stores, enabling consumers to enjoy locally sourced, flavorful ingredients throughout the year. In addition to its agricultural operations, Soli Organic also offers refrigerated transportation services to ensure efficient delivery. It primarily serves retailers across several states in the southeastern United States, including Georgia, Florida, and North Carolina.

Lee & Cates Glass

Debt Financing in 2014
Lee & Cates Glass, Inc. is a comprehensive provider of glass products and services catering to automotive, commercial, and residential needs. Founded in 1926 in Jacksonville, Florida, by Thomas D. Lee Sr. and Raymond H. Cates, the company offers a wide array of products, including side and rear-view mirrors, power windows, sliding glass doors, hurricane-resistant glass, and various types of decorative glass. In addition to product offerings, Lee & Cates Glass provides installation, repair, and replacement services, such as mobile auto glass repair, windshield replacement, and construction glazing. The company operates multiple service locations across Georgia and Florida, ensuring accessibility and convenience for its customers.

Mason Manufacturing

Debt Financing in 2012
Mason Manufacturing LLC. manufactures heat exchangers, pressure vessels, and columns for the biotechnology, biofuel, grain processing, chemical, petroleum, power, and water treatment industries. It offers ASME vessels/reactors, towers, and tanks and bins, as well as rotary dryers, and replacement and spare parts. The company also provides custom fabrication services. Mason Manufacturing LLC. was incorporated in 1988 and is based in Decatur, Illinois.

Mason Manufacturing

Series B in 2012
Mason Manufacturing LLC. manufactures heat exchangers, pressure vessels, and columns for the biotechnology, biofuel, grain processing, chemical, petroleum, power, and water treatment industries. It offers ASME vessels/reactors, towers, and tanks and bins, as well as rotary dryers, and replacement and spare parts. The company also provides custom fabrication services. Mason Manufacturing LLC. was incorporated in 1988 and is based in Decatur, Illinois.

Mason Manufacturing

Debt Financing in 2011
Mason Manufacturing LLC. manufactures heat exchangers, pressure vessels, and columns for the biotechnology, biofuel, grain processing, chemical, petroleum, power, and water treatment industries. It offers ASME vessels/reactors, towers, and tanks and bins, as well as rotary dryers, and replacement and spare parts. The company also provides custom fabrication services. Mason Manufacturing LLC. was incorporated in 1988 and is based in Decatur, Illinois.

BroadRiver Communications

Venture Round in 2010
BroadRiver Communications is a privately held IT solutions provider based in Atlanta, Georgia, specializing in cloud, voice, data, internet connectivity, hosting, colocation, and managed services. With a history spanning over 20 years, the company serves small to medium-sized businesses as well as larger enterprises. BroadRiver aims to simplify the complexities of business communications by integrating diverse services, allowing clients to avoid the challenges of coordinating multiple vendors. The company operates Tier 1 through Tier 4 data centers and focuses on delivering high-quality services tailored to meet the specific needs of its customers.

Mason Manufacturing

Debt Financing in 2010
Mason Manufacturing LLC. manufactures heat exchangers, pressure vessels, and columns for the biotechnology, biofuel, grain processing, chemical, petroleum, power, and water treatment industries. It offers ASME vessels/reactors, towers, and tanks and bins, as well as rotary dryers, and replacement and spare parts. The company also provides custom fabrication services. Mason Manufacturing LLC. was incorporated in 1988 and is based in Decatur, Illinois.

Mason Manufacturing

Series A in 2010
Mason Manufacturing LLC. manufactures heat exchangers, pressure vessels, and columns for the biotechnology, biofuel, grain processing, chemical, petroleum, power, and water treatment industries. It offers ASME vessels/reactors, towers, and tanks and bins, as well as rotary dryers, and replacement and spare parts. The company also provides custom fabrication services. Mason Manufacturing LLC. was incorporated in 1988 and is based in Decatur, Illinois.

FleetCor

Series E in 2009
Established in 2000, FleetCor (NYSE: FLT) is a leading independent global provider of specialized payment products and services to businesses, commercial fleets, major oil companies, petroleum marketers, and government entities. FleetCor serves over 500,000 commercial accounts with millions of cardholders across North America, Europe, Africa, and Asia. These commercial accounts purchase more than $14 billion of fuel annually. FleetCor manages relationships with over 800 partners, ranging in size from major oil companies—such as BP and Chevron—to small petroleum marketers with a single fueling location. They provide services ranging from transaction processing to full program management. Their platforms, programs, and infrastructure are both adaptable and scalable, allowing us to fulfill the requirements of a broad range of partners.

Corpay

Series E in 2009
Corpay is a business payments company that specializes in simplifying expense management for organizations. With a diverse portfolio of payment solutions, it assists businesses in automating and securing their payments to employees and suppliers. Corpay offers services in several key areas, including fuel payments for vehicle fleets, lodging solutions for business travelers, and electronic toll and parking payments. Additionally, the company provides corporate payment solutions that enable clients to optimize spending and manage electronic payments effectively. The firm also focuses on gift card product management, offering services from design to transaction processing. With a presence in North America, Europe, Africa, and Asia, Corpay connects merchants through its closed-loop networks and third-party platforms, delivering tailored information services to enhance payment efficiency. Established in 1986 and headquartered in Norcross, Georgia, Corpay continues to innovate in the payment solutions space.

Corpay

Venture Round in 2009
Corpay is a business payments company that specializes in simplifying expense management for organizations. With a diverse portfolio of payment solutions, it assists businesses in automating and securing their payments to employees and suppliers. Corpay offers services in several key areas, including fuel payments for vehicle fleets, lodging solutions for business travelers, and electronic toll and parking payments. Additionally, the company provides corporate payment solutions that enable clients to optimize spending and manage electronic payments effectively. The firm also focuses on gift card product management, offering services from design to transaction processing. With a presence in North America, Europe, Africa, and Asia, Corpay connects merchants through its closed-loop networks and third-party platforms, delivering tailored information services to enhance payment efficiency. Established in 1986 and headquartered in Norcross, Georgia, Corpay continues to innovate in the payment solutions space.

Corpay

Debt Financing in 2003
Corpay is a business payments company that specializes in simplifying expense management for organizations. With a diverse portfolio of payment solutions, it assists businesses in automating and securing their payments to employees and suppliers. Corpay offers services in several key areas, including fuel payments for vehicle fleets, lodging solutions for business travelers, and electronic toll and parking payments. Additionally, the company provides corporate payment solutions that enable clients to optimize spending and manage electronic payments effectively. The firm also focuses on gift card product management, offering services from design to transaction processing. With a presence in North America, Europe, Africa, and Asia, Corpay connects merchants through its closed-loop networks and third-party platforms, delivering tailored information services to enhance payment efficiency. Established in 1986 and headquartered in Norcross, Georgia, Corpay continues to innovate in the payment solutions space.

Corpay

Venture Round in 2002
Corpay is a business payments company that specializes in simplifying expense management for organizations. With a diverse portfolio of payment solutions, it assists businesses in automating and securing their payments to employees and suppliers. Corpay offers services in several key areas, including fuel payments for vehicle fleets, lodging solutions for business travelers, and electronic toll and parking payments. Additionally, the company provides corporate payment solutions that enable clients to optimize spending and manage electronic payments effectively. The firm also focuses on gift card product management, offering services from design to transaction processing. With a presence in North America, Europe, Africa, and Asia, Corpay connects merchants through its closed-loop networks and third-party platforms, delivering tailored information services to enhance payment efficiency. Established in 1986 and headquartered in Norcross, Georgia, Corpay continues to innovate in the payment solutions space.

Corpay

Venture Round in 1999
Corpay is a business payments company that specializes in simplifying expense management for organizations. With a diverse portfolio of payment solutions, it assists businesses in automating and securing their payments to employees and suppliers. Corpay offers services in several key areas, including fuel payments for vehicle fleets, lodging solutions for business travelers, and electronic toll and parking payments. Additionally, the company provides corporate payment solutions that enable clients to optimize spending and manage electronic payments effectively. The firm also focuses on gift card product management, offering services from design to transaction processing. With a presence in North America, Europe, Africa, and Asia, Corpay connects merchants through its closed-loop networks and third-party platforms, delivering tailored information services to enhance payment efficiency. Established in 1986 and headquartered in Norcross, Georgia, Corpay continues to innovate in the payment solutions space.
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