Advantage Capital

Advantage Capital is a private equity firm founded in 1992 and headquartered in New Orleans, Louisiana, with additional offices across the United States. The firm specializes in growth equity, lending, and mezzanine debt capital investments, focusing on small businesses at various stages of development, excluding seed-stage companies. It aims to drive economic development in underserved communities, both urban and rural, by investing in sectors such as communication, information technology, manufacturing, pharmaceuticals, and renewable energy. Advantage Capital seeks to make initial investments ranging from $0.5 million to $10 million in companies with sales under $5 million and also provides various forms of debt capital, including senior and subordinated loans. The firm has invested over $3.8 billion in more than 800 portfolio companies and projects, supporting over 66,000 jobs nationwide. Its geographic focus includes states like Alabama, Connecticut, Florida, and Texas, among others, with a commitment to enhancing local economies through targeted financial solutions.

Mike Benson

Senior Vice President

Anthony Billings

Vice President

Trey Garland

Senior Associate and Investment Team Member

Christopher C. Harris

Principal

Joseph Henderson

Senior Vice President, Investment Team

Leah Hendricks

Vice President

Greg Hulecki

Venture Partner

Reid Hutchins

Principal

Sandra M. Moore

Managing Director, Chief Impact Officer

Scott Murphy

Managing Director and Chief Investment Officer

Jim O'Rourke

Managing Director

Justin N. Obletz

CFO

Tim Perusek

Principal

Damon L. Rawie

Managing Director

Sam Schlichting

Senior Associate, Investment Team

Steven T. Stull

President

Alexandra Twyman

Vice President and Investment Team Member

Benjamin T. Warning

Vice President

Jeffrey Gentsch

Venture Partner

J.P. Lynch

Vice President

Past deals in Illinois

Natural Fiber Welding

Venture Round in 2021
Natural Fiber Welding, Inc., founded in 2015 and based in Peoria, Illinois, specializes in the manufacturing and supply of sustainable fabrics and materials derived from plants. The company has developed a circularity platform that produces high-performance, plastic-free materials suitable for various industries, including fashion, footwear, automotive, and upholstery. By integrating its innovative technology into existing supply chains, Natural Fiber Welding enables brands to design and scale eco-friendly products effectively.

mSEED group

Debt Financing in 2021
MSEED Group, founded in 2014 in South Holland, Illinois, focuses on contract manufacturing, research, product development, and marketing strategy services specifically for the beauty, cosmetic, and personal care sectors. The company offers essential cross-functional expertise that supports both aspiring entrepreneurs and established businesses in launching and growing their brands. By providing tailored strategic growth solutions, MSEED Group aims to enhance the potential for success in the competitive beauty and personal care industry.

Rucker's Candy

Debt Financing in 2018
Rucker's Candy is a distributor and wholesaler of confectionery products. The company's products include candy and snacks, which enables customers to avail premium quality sweets and candies with a refined texture and taste. It was founded in 1985 in Bridgeport, Illinois.

CarstinBrands.com

Debt Financing in 2018
CarstinBrands.com supplies countertops and complementing products for kitchens and bathrooms. It delivers products and services to customers on time and completes within two weeks, with a strong emphasis on quality and meeting or exceeding customer expectations. The company was founded in 1988 in Arthur, Illinois.

Marque Medicos

Debt Financing in 2018
Marque Medicos is a health service provider that provides health and welfare for the injured worker. It is focused on providing outpatient-based surgical facilities for strain injuries, low back, and neck pain, enabling patients to get experienced, friendly and effective treatment for all kinds of workplace injuries. It is located in Chicago, Illinois, and was founded in 2008.

CarstinBrands.com

Debt Financing in 2017
CarstinBrands.com supplies countertops and complementing products for kitchens and bathrooms. It delivers products and services to customers on time and completes within two weeks, with a strong emphasis on quality and meeting or exceeding customer expectations. The company was founded in 1988 in Arthur, Illinois.

PLI Card Marketing Solutions

Debt Financing in 2016
PLI Card Marketing Solutions is a provider of gift and loyalty card marketing solutions. PLI is a global provider of card production, card personalization, fulfillment, direct mail, advertising and marketing collateral and all print services with four production facilities and warehouses located in Asheville, NC, North Las Vegas, NV, Romeoville, IL and St. Louis, MO, including international worldwide customer support through distribution centers in Canada and the Netherlands. PLI is a leading card producer in the commercial card market with more than 1,000 employees nationwide and 450,000 square feet of total manufacturing space.

Marque Medicos

Debt Financing in 2016
Marque Medicos is a health service provider that provides health and welfare for the injured worker. It is focused on providing outpatient-based surgical facilities for strain injuries, low back, and neck pain, enabling patients to get experienced, friendly and effective treatment for all kinds of workplace injuries. It is located in Chicago, Illinois, and was founded in 2008.

Orthotech Sports Medical Equipment

Debt Financing in 2016
Orthotech Sports Medical Equipment offers and sells a brand commercial fitness product line. Orthotech Sports Medical Equipment is located in Herrin, Illinois.

Timewell Drainage Products

Debt Financing in 2016
Timewell Drainage Products is a family-owned company manufacturing subsurface drainage products and supplies for agricultural, waterworks, and residential applications. It was established in 1982 in Timewell, Ilinois.

Rucker's Candy

Debt Financing in 2015
Rucker's Candy is a distributor and wholesaler of confectionery products. The company's products include candy and snacks, which enables customers to avail premium quality sweets and candies with a refined texture and taste. It was founded in 1985 in Bridgeport, Illinois.

Arch Energy Illinois

Debt Financing in 2015
Arch Energy Illinois is a central and southern Illinois-based oil development and extraction company. It negotiates directly with property owners before contracting with drilling companies to test reserve potential and install oil wells.

Orthotech Sports Medical Equipment

Debt Financing in 2015
Orthotech Sports Medical Equipment offers and sells a brand commercial fitness product line. Orthotech Sports Medical Equipment is located in Herrin, Illinois.

ILMO Products Company

Debt Financing in 2015
ILMO Products Company, Inc. specializes in providing a range of gases, including medical, industrial, and laboratory gases, in various formats such as bulk, micro-bulk, cryogenic, and cylinder solutions. Additionally, the company offers welding and safety equipment, industrial supplies, and accessories, as well as welder rental and repair services. ILMO Products also supplies propane for both residential and commercial use. Founded in 1913 and headquartered in Jacksonville, Illinois, the company serves a diverse clientele, including laboratories, universities, medical equipment manufacturers, food processing plants, and various industrial sectors across the United States, Canada, South America, and Europe.

Gateway Rail Services

Debt Financing in 2015
Gateway Rail Services is run by railcar owners who are passionate about repairing and restoring railcars. Gateway Rail Services is located in Madison, Illinois.

Williams Shooters Supply

Debt Financing in 2015
Williams Shooters Supply is a sports goods wholesaler based in Quincy, Illinois.

Jimi Allen Photography

Debt Financing in 2015
Jimi Allen Photography, Inc. is a firm that delivers marketing consulting services. The company is located in Aurora, Illinois.

PLI Card Marketing Solutions

Debt Financing in 2015
PLI Card Marketing Solutions is a provider of gift and loyalty card marketing solutions. PLI is a global provider of card production, card personalization, fulfillment, direct mail, advertising and marketing collateral and all print services with four production facilities and warehouses located in Asheville, NC, North Las Vegas, NV, Romeoville, IL and St. Louis, MO, including international worldwide customer support through distribution centers in Canada and the Netherlands. PLI is a leading card producer in the commercial card market with more than 1,000 employees nationwide and 450,000 square feet of total manufacturing space.

CarstinBrands.com

Debt Financing in 2014
CarstinBrands.com supplies countertops and complementing products for kitchens and bathrooms. It delivers products and services to customers on time and completes within two weeks, with a strong emphasis on quality and meeting or exceeding customer expectations. The company was founded in 1988 in Arthur, Illinois.

elevate DIGITAL

Series B in 2014
Elevate Digital is an interactive digital advertising and software company that transforms the way advertisers interact with consumers. It integrates rich media, city information, and advertising in a multi-sensory experience. Elevate Digital’s products include interactive, touch-screen glass displays, which are deployed in high-traffic areas in Chicago and then throughout the U.S. It engages the consumer through the use of intelligent applications and interactive advertising allowing the advertiser to speak directly with consumers, retain data, and create a notable experience for the consumer. The company was founded in 2011 and is based in Chicago, Illinois.

ILMO Products Company

Debt Financing in 2014
ILMO Products Company, Inc. specializes in providing a range of gases, including medical, industrial, and laboratory gases, in various formats such as bulk, micro-bulk, cryogenic, and cylinder solutions. Additionally, the company offers welding and safety equipment, industrial supplies, and accessories, as well as welder rental and repair services. ILMO Products also supplies propane for both residential and commercial use. Founded in 1913 and headquartered in Jacksonville, Illinois, the company serves a diverse clientele, including laboratories, universities, medical equipment manufacturers, food processing plants, and various industrial sectors across the United States, Canada, South America, and Europe.

Rucker's Candy

Debt Financing in 2013
Rucker's Candy is a distributor and wholesaler of confectionery products. The company's products include candy and snacks, which enables customers to avail premium quality sweets and candies with a refined texture and taste. It was founded in 1985 in Bridgeport, Illinois.

Marque Medicos

Debt Financing in 2013
Marque Medicos is a health service provider that provides health and welfare for the injured worker. It is focused on providing outpatient-based surgical facilities for strain injuries, low back, and neck pain, enabling patients to get experienced, friendly and effective treatment for all kinds of workplace injuries. It is located in Chicago, Illinois, and was founded in 2008.

Rucker's Candy

Debt Financing in 2012
Rucker's Candy is a distributor and wholesaler of confectionery products. The company's products include candy and snacks, which enables customers to avail premium quality sweets and candies with a refined texture and taste. It was founded in 1985 in Bridgeport, Illinois.

elevate DIGITAL

Series A in 2012
Elevate Digital is an interactive digital advertising and software company that transforms the way advertisers interact with consumers. It integrates rich media, city information, and advertising in a multi-sensory experience. Elevate Digital’s products include interactive, touch-screen glass displays, which are deployed in high-traffic areas in Chicago and then throughout the U.S. It engages the consumer through the use of intelligent applications and interactive advertising allowing the advertiser to speak directly with consumers, retain data, and create a notable experience for the consumer. The company was founded in 2011 and is based in Chicago, Illinois.

Apparel Unlimited

Debt Financing in 2012
Apparel Unlimited offers customized shirt printing and embroidery. The company is based in Georgetown, Illinois.

Marque Medicos

Debt Financing in 2012
Marque Medicos is a health service provider that provides health and welfare for the injured worker. It is focused on providing outpatient-based surgical facilities for strain injuries, low back, and neck pain, enabling patients to get experienced, friendly and effective treatment for all kinds of workplace injuries. It is located in Chicago, Illinois, and was founded in 2008.

Rucker's Candy

Debt Financing in 2011
Rucker's Candy is a distributor and wholesaler of confectionery products. The company's products include candy and snacks, which enables customers to avail premium quality sweets and candies with a refined texture and taste. It was founded in 1985 in Bridgeport, Illinois.

ILMO Products Company

Debt Financing in 2011
ILMO Products Company, Inc. specializes in providing a range of gases, including medical, industrial, and laboratory gases, in various formats such as bulk, micro-bulk, cryogenic, and cylinder solutions. Additionally, the company offers welding and safety equipment, industrial supplies, and accessories, as well as welder rental and repair services. ILMO Products also supplies propane for both residential and commercial use. Founded in 1913 and headquartered in Jacksonville, Illinois, the company serves a diverse clientele, including laboratories, universities, medical equipment manufacturers, food processing plants, and various industrial sectors across the United States, Canada, South America, and Europe.

Marque Medicos

Debt Financing in 2011
Marque Medicos is a health service provider that provides health and welfare for the injured worker. It is focused on providing outpatient-based surgical facilities for strain injuries, low back, and neck pain, enabling patients to get experienced, friendly and effective treatment for all kinds of workplace injuries. It is located in Chicago, Illinois, and was founded in 2008.

Arch Energy Illinois

Debt Financing in 2011
Arch Energy Illinois is a central and southern Illinois-based oil development and extraction company. It negotiates directly with property owners before contracting with drilling companies to test reserve potential and install oil wells.

Rucker's Candy

Debt Financing in 2010
Rucker's Candy is a distributor and wholesaler of confectionery products. The company's products include candy and snacks, which enables customers to avail premium quality sweets and candies with a refined texture and taste. It was founded in 1985 in Bridgeport, Illinois.

Illinois Neurospine Institute

Debt Financing in 2009
Illinois Neurospine Institute is a medical company that engages in innovative and advanced spinal surgery and spine care.

SOMS Technologies

Convertible Note in 2009
SOMS Technologies LLC specializes in the development, manufacturing, and commercialization of vehicle engine oil filters. Founded in 2006 and based in Valhalla, New York, with a technical and customer support office in Albion, Illinois, the company offers a range of engine oil filters suitable for small four-cylinder engines as well as medium-duty diesel engines used in heavy-duty vehicles and fleets. One of their notable products is the MicroGreen Engine Filter, which replaces conventional oil filters without requiring modifications to the engine or filter housing. This innovative filtration system allows vehicles to operate for up to 30,000 miles without needing an oil change by continuously filtering a portion of the engine oil through a patented microfilter system. Furthermore, SOMS Technologies provides private label automotive filtration products and distributes its offerings through a network of authorized regional distributors.

SOMS Technologies

Series B in 2008
SOMS Technologies LLC specializes in the development, manufacturing, and commercialization of vehicle engine oil filters. Founded in 2006 and based in Valhalla, New York, with a technical and customer support office in Albion, Illinois, the company offers a range of engine oil filters suitable for small four-cylinder engines as well as medium-duty diesel engines used in heavy-duty vehicles and fleets. One of their notable products is the MicroGreen Engine Filter, which replaces conventional oil filters without requiring modifications to the engine or filter housing. This innovative filtration system allows vehicles to operate for up to 30,000 miles without needing an oil change by continuously filtering a portion of the engine oil through a patented microfilter system. Furthermore, SOMS Technologies provides private label automotive filtration products and distributes its offerings through a network of authorized regional distributors.

SOMS Technologies

Acquisition in 2008
SOMS Technologies LLC specializes in the development, manufacturing, and commercialization of vehicle engine oil filters. Founded in 2006 and based in Valhalla, New York, with a technical and customer support office in Albion, Illinois, the company offers a range of engine oil filters suitable for small four-cylinder engines as well as medium-duty diesel engines used in heavy-duty vehicles and fleets. One of their notable products is the MicroGreen Engine Filter, which replaces conventional oil filters without requiring modifications to the engine or filter housing. This innovative filtration system allows vehicles to operate for up to 30,000 miles without needing an oil change by continuously filtering a portion of the engine oil through a patented microfilter system. Furthermore, SOMS Technologies provides private label automotive filtration products and distributes its offerings through a network of authorized regional distributors.

SOMS Technologies

Series A in 2008
SOMS Technologies LLC specializes in the development, manufacturing, and commercialization of vehicle engine oil filters. Founded in 2006 and based in Valhalla, New York, with a technical and customer support office in Albion, Illinois, the company offers a range of engine oil filters suitable for small four-cylinder engines as well as medium-duty diesel engines used in heavy-duty vehicles and fleets. One of their notable products is the MicroGreen Engine Filter, which replaces conventional oil filters without requiring modifications to the engine or filter housing. This innovative filtration system allows vehicles to operate for up to 30,000 miles without needing an oil change by continuously filtering a portion of the engine oil through a patented microfilter system. Furthermore, SOMS Technologies provides private label automotive filtration products and distributes its offerings through a network of authorized regional distributors.

Rucker's Candy

Debt Financing in 2007
Rucker's Candy is a distributor and wholesaler of confectionery products. The company's products include candy and snacks, which enables customers to avail premium quality sweets and candies with a refined texture and taste. It was founded in 1985 in Bridgeport, Illinois.

NetRegulus

Series B in 2005
NetRegulus is a global technology company that provides its users with IoT and AR platforms and enterprise applications. Its enterprise applications serve manufacturers and other businesses that create, connect, operate, analyze, and service products. NetRegulus was founded in 1982 and is based in Oak Brook, Illinois.
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