Whitman Controls, a Connecticut-based leader in custom-manufactured pressure, vacuum, level, and temperature switches, has secured a $4.5 million investment led by impact investor Advantage Capital. The funding aims to bolster business growth initiatives, including the acquisition of new equipment and expansion into new distribution channels. The investment supports the company’s strategic plans for potential bolt-on acquisitions in the industrial sensors sector. Historically serving diverse industries ranging from oil and gas to medical devices, Whitman Controls intends to leverage the capital for scaling operations and creating up to 30 jobs. Advantage Capital’s involvement ties into the InvestCT program aimed at driving economic activity in underserved communities. This investment highlights a collaborative effort between public and private sectors to stimulate local economic growth.

Industrial Manufacturing, Private Equity,United States, Connecticut

https://www.advantagecap.com/press/connecticut-based-whitman-controls-secures-4-5-million-investment-from-advantage-capital-to-catalyze-business-growth