Massachusetts Capital Resource Co.

MASSACHUSETTS CAPITAL RESOURCE COMPANY was established in 1977 as a limited partnership privately owned and funded by Massachusetts-based life insurance companies. The Company’s mission was to create a source of risk capital to fill the senior debt to equity funding “gap” experienced by growing companies. Their investment activity complements, rather than competes with, the financing provided by senior lenders and equity investors. Mass. Capital provides higher risk growth and acquisition capital to manufacturing, distribution, service and technology companies. They focus on emerging growth and middle market companies with operations in Massachusetts. Their investments are structured to fit the specific needs of portfolio companies and to complement funding available from senior lenders and equity investors.

Dan Corcoran

MD

Andrew DeLorey

VP

Suzanne L. Dwyer

President

24 past transactions

NOBULL, LLC

Debt Financing in 2020
NOBULL, LLC retails athleisure footwear, apparel, and accessories through retail stores and online channels. The company retails footwear, apparel, and accessories for men, women, and kids. The company’s products include trainers, runners, apparel, lifters, bags, and other accessories. Additionally, the company publishes and showcases short films on its website through NOBULL TV. The company retails through its stores in New York and Boston and online through its website. NOBULL, LLC was founded in 2017 and is headquartered in Hingham, Massachusetts.

MagneMotion, Inc.

Debt Financing in 2006
MagneMotion provides assembly and process automation, material handling, and transportation solutions based on our advanced electro-magnetic technology and controls. At the core of MagneMotion's products and services is a new generation of Linear Synchronous Motor (LSM) technology that provides significantly higher performance than conventional transportation and factory automation systems. The company's success comes from a problem-solving approach and years of research focused on creating optimal solutions to address current and emerging market needs. MagneMotion has proven to be the front-runner in providing innovative and cost-effective linear motor solutions sought by industry leaders in the manufacturing and transportation sectors, by major OEMs and by government agencies such as the DOT, DOE, DOD, and NASA.

Emphysys, Inc.

Private Equity Round in 2019
Emphysys provides technology and custom product solutions that improve performance and reliability of complex products and processes with special focus on the semiconductor capital equipment and medical devices market. Emphysys offers a wide range of proven services including technical consulting, characterization tools for complex processes, and technology/new product development.

PointRight

Venture Round in 2015
PointRight provides proprietary post-acute analytics supported by over 40 million patient assessments that improve quality of patient care and enhance operational efficiency of clients.

Exa Corporation

Venture Round in 1996
Exa develops, market, sell, and support software products, and provide professional services for simulation-driven design. Leading manufacturers use their fluid flow, heat transfer, and acoustic simulation solutions to optimize the performance of their products, reduce product development costs, and improve the efficiency of their design and engineering processes. Global transportation manufacturers face increasing pressure, from government mandates as well as from their customers, to improve the efficiency of their products and reduce the impact on our environment. This requires more efficient and alternative power trains, more efficient vehicle shapes, and reductions in weight — all of which can be significantly improved by the adoption of simulation-driven design. Simulation-driven design empowers engineers to predict product performance early in the design process, reducing late-stage design changes and reducing (or eliminating) expensive physical prototypes and tests. Their solutions encourage rapid iteration between design and analysis. They provide critical insight into how potential design variations impact the range of possible performance, and enable the discovery of solutions that optimize the trade-offs between competing design and engineering constraints and requirements.

Dynasil

Venture Round in 2012
Dynasil specializes in the development and manufacture of detection, sensing and analysis technology, precision instruments and optical components. Their products target high-growth applications in the homeland security, medical and industrial markets. Technology leadership and innovation drives their economy and fuels America’s competitiveness in the global market. It is what pushes us to strive and grow. The same is true of their organization. One of the hallmarks of Dynasil is its strong business model built on innovating science, research and technology, and its successful track record of bringing technology to market.

Pure Incubation

Debt Financing in 2017
Pure Incubation LLC provides lead generation and database services to accelerate the sales process. The company offers technology-enabled lead generation, develops and executes inbound marketing strategies for revenue generation, social marketing, retargeting/online advertising, search optimization, online PR, and content marketing services. It also provides demand generation solutions for businesses to reach, engage, and convert their customers. The company caters to B2B and healthcare industries. Pure Incubation LLC was founded in 2007 and is based in Topsfield, Massachusetts.

Network Allies

Debt Financing in 2017
Network Allies is a leader in providing application-specific computing solutions, including system integration, design and engineering. Also logistics, support, and program management services enabling Original Equipment Manufacturers (OEMs) and Independent Software Vendors (ISVs) to focus on their core competencies and lower their total cost of ownership.

Valet Park of America, Inc.

Debt Financing in 2016
Valet Park of America, Inc. provides transportation and parking management services. The company offers employee shuttles, off-site shuttles, airport transit, and private charter services; and valet parking services. It serves hospitals, hotels, universities, municipalities, airports, casinos, restaurants, ski resorts, private charter sectors, special events, hospitals, hotels, and casinos and restaurants; and shuttle service, event parking, and other industries. The company was founded in 1990 and is based in Springfield, Massachusetts.

The Phillips Screw Company

Acquisition in 2015
Phillips Screw Company, Inc. is engaged in designing and engineering fastener products. It offers fasteners and drive systems; aviation fasteners and drive systems solutions for aircraft manufacturers and airline MRO; and micro fasteners and drive systems for computing, telecom, mobile media devices, multimedia, storage, and medical devices; solar, wind, and fuel cell—renewable energy systems; machine and tools; and printing, scanning, and imaging applications. It serves aerospace, automotive, DIY and trade, electronics, industrial, marine, military and header tools, and gauging markets worldwide. The company was founded in 1933 and is based in Burlington, Massachusetts. Phillips Screw Company, Inc. is a former subsidiary of Rule Industries, LLC.

Saylent Technologies, Inc.

Debt Financing in 2020
Saylent Technologies is a payment intelligence solution that assists firms in attracting and retaining customers. The company empowers financial institutions with data-driven insights and business tools to create products and programs according to the market desires. It also offers its users with solutions for data analytics, banking, and marketing. Saylent Technologies is a U.S.-based company that was founded in 2006 by Tyson Nargassans.

Harmonix Music Systems

Acquisition in 2005
Harmonix Music Systems is a videogame development company that offers Beatles and Rock Band music games in North America, Europe, Australia, and New Zealand. It is the developer of Rock Band and Dance Central, as well as the original developer of the Guitar Hero series up until Guitar Hero III: Legends of Rock, which Neversoft developed, along with future Guitar Hero titles. Harmonix Music Systems was founded in 1995 by Alex Rigopulos and Eran Egozy. It is based in Cambridge, Massachusetts.

Harbar

Private Equity Round in 2016
Harbar LLC produces and markets tortillas and specialty flatbreads for the food service, CPG, and retail markets in the United States and internationally. It offers flour and corn tortillas; natural/organic tortilla and wrap products; corn, wheat, and specialty flour tortillas, as well as precut/uncut chips; and uncooked tortillas. The company was founded in 1986 and is based in Canton, Massachusetts.

Aspen Technology

Venture Round in 1986
Aspen Technology, Inc., together with its subsidiaries, provides asset optimization solutions in North America, Europe, the Asia Pacific, Latin America, and the Middle East. The company operates in two segments, Subscription and Software, and Services and Other. It offers asset optimization software that optimizes asset design, operations, and maintenance in various industrial environments. The company’s software suites include aspenONE Engineering, aspenONE Manufacturing and Supply Chain, and aspenONE Asset Performance that are integrated applications, which allow end users to design process manufacturing environments, monitor operational performances, respond and adapt to operational changes, predict asset reliability and equipment failure, and manage planning and scheduling activities, as well as collaborate across these functions and activities. It also provides software maintenance and support, professional, and training services. The company’s customers comprise companies that are engaged in the process and other capital-intensive industries, such as energy, chemicals, engineering, and construction, as well as pharmaceuticals, food and beverage, transportation, power, metals and mining, pulp and paper, and consumer packaged goods. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts.

Full Spectrum

Acquisition in 2021
Full Spectrum Software, Inc. designs and develops software to develop and approve algorithms for the detection and analysis of encephalographic signal to determine a patient's level of sedation. Full Spectrum Software, Inc. was incorporated in 1996 and is based in Southborough, Massachusetts.

MedTouch

Private Equity Round in 2015
MedTouch LLC operates as a healthcare focused digital agency. The company specializes in the areas of custom content, digital strategy, digital UX/design, enterprise CMS, and service line marketing, as well as real-time personalization that enhances patient engagement and streamlines conversions. It serves healthcare and health plan organizations. MedTouch LLC was founded in 2004 and is based in Somerville, Massachusetts with an additional office in Cedar Rapids, Iowa.

Xtalic

Debt Financing in 2019
Xtalic Corporation develops, manufactures, and sells corrosion resistant metal alloys for mobile and enterprise electronics applications. It offers XTRONIC, a barrier layer that improves performance from wear and corrosion resistance; and LUNA, a product that replaces gold as a final finish for electrical connectors. Xtalic Corporation was founded in 2005 and is based in Marlborough, Massachusetts.

Packaging Technology Group

Debt Financing in 2020
Packaging Technology Group, Inc. manufactures and designs thermal packaging solutions. It offers standard and custom designed packaging solutions. Its products include TRUEtemp naturals cellulose shippers, TRUEtemp vip, polyurethane (PUR) containers, carboy shippers, expanded polystyrene (EPS) molded containers, hydrosleeves (Gel Phase Change Materials), and coolbrick. The company serves biotech, bio-pharmaceutical, life sciences, and medical industries. The company was founded in 2005 and is based in Fall River, Massachusetts.

Rypos

Debt Financing in 2017
Rypos, Inc. engages in developing, testing, and preparing emissions control systems. It provides active diesel particulate filters for various applications in power generation, transport refrigeration units, rail, marine, rubber tire gantry, and mining sectors. The company serves original equipment manufacturers and aftermarket customers. It offers its products through dealers worldwide. Rypos, Inc. was founded in 1996 and is based in Franklin, Massachusetts.

MagneMotion, Inc.

Private Equity Round in 2006
MagneMotion provides assembly and process automation, material handling, and transportation solutions based on our advanced electro-magnetic technology and controls. At the core of MagneMotion's products and services is a new generation of Linear Synchronous Motor (LSM) technology that provides significantly higher performance than conventional transportation and factory automation systems. The company's success comes from a problem-solving approach and years of research focused on creating optimal solutions to address current and emerging market needs. MagneMotion has proven to be the front-runner in providing innovative and cost-effective linear motor solutions sought by industry leaders in the manufacturing and transportation sectors, by major OEMs and by government agencies such as the DOT, DOE, DOD, and NASA.

Marshall Paper Tube

Debt Financing in 2017
Marshall Paper Tube Co., Inc. manufactures and distributes paper packaging materials. The products include mailing tubes, colored tubes, cardboard tubes, shipping containers, cores, labeled cans, round packaging, paint rollers, display poles, plastic plugs, wood plugs, metal plugs, poster rolling, direct mail, telescoping tubes, collection and coin banks, and fund raising banks. It caters to roofing, automotive, and textile industries. The company was incorporated in 1948 and is based in Canton, Massachusetts.

Artel Video Systems

Series B in 2000
At Artel, they recognize the changes and leveraged their 30 years of video transport experience to develop DigiLink, a reliable and simple-to-deploy media transport platform designed to take advantage of newer networks. The result is a space efficient, low power, easy-to-deploy and manage platform with thousands of successful deployments worldwide and an unparalleled reputation for reliability. DigiLink is also the most flexible platform on the market integrating video and Ethernet routing with fiber, IP, and optical network transport capabilities. DigiLink combined with their long history of exceptional customer service, and free lifetime technical support and training make Artel the ideal partner for your media transport needs.

Artel Video Systems

Series A in 1999
At Artel, they recognize the changes and leveraged their 30 years of video transport experience to develop DigiLink, a reliable and simple-to-deploy media transport platform designed to take advantage of newer networks. The result is a space efficient, low power, easy-to-deploy and manage platform with thousands of successful deployments worldwide and an unparalleled reputation for reliability. DigiLink is also the most flexible platform on the market integrating video and Ethernet routing with fiber, IP, and optical network transport capabilities. DigiLink combined with their long history of exceptional customer service, and free lifetime technical support and training make Artel the ideal partner for your media transport needs.