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 Refrigeration

JSI Store Fixtures

Debt Financing in 2019
JSI Store Fixtures Inc. specializes in designing, manufacturing, and marketing display fixtures and closed-cell foam products primarily for supermarket chains in North America and internationally. Founded in 1991 and based in Milo, Maine, the company produces a wide range of fixtures including produce bins, bakery cases, wine displays, refrigeration units, and floral arrangements. JSI Store Fixtures also offers visual design services to enhance merchandising strategies. With manufacturing facilities located across the United States, the company focuses on providing innovative retail solutions that improve the shopper experience across various product categories and store formats.

Stirling Ultracold

Series B in 2018
Stirling Ultracold, a division of Global Cooling, Inc., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

JSI Store Fixtures

Debt Financing in 2018
JSI Store Fixtures Inc. specializes in designing, manufacturing, and marketing display fixtures and closed-cell foam products primarily for supermarket chains in North America and internationally. Founded in 1991 and based in Milo, Maine, the company produces a wide range of fixtures including produce bins, bakery cases, wine displays, refrigeration units, and floral arrangements. JSI Store Fixtures also offers visual design services to enhance merchandising strategies. With manufacturing facilities located across the United States, the company focuses on providing innovative retail solutions that improve the shopper experience across various product categories and store formats.

Coil Design

Debt Financing in 2018
Coil Design is a manufacturer based in Dayton, Tennessee, specializing in fin and tube heat exchangers. The company designs and produces various types of coils, including refrigeration coils, chilled water coils, hot water coils, steam coils, direct expansion evaporator coils, and condenser coils. It offers a range of coil tube diameters, fin surfaces, and construction materials tailored for HVAC applications, ensuring efficient thermal management solutions for diverse industrial needs.

Coil Design

Debt Financing in 2017
Coil Design is a manufacturer based in Dayton, Tennessee, specializing in fin and tube heat exchangers. The company designs and produces various types of coils, including refrigeration coils, chilled water coils, hot water coils, steam coils, direct expansion evaporator coils, and condenser coils. It offers a range of coil tube diameters, fin surfaces, and construction materials tailored for HVAC applications, ensuring efficient thermal management solutions for diverse industrial needs.

Vogt-Ice

Private Equity Round in 2017
Vogt Ice designs manufactures, and distributes ice-making machines, chillers, and parts to commercial and industrial customers worldwide. Vogt engineers designed the unique tube ice machine specifically to freeze ice automatically in tubes, momentarily thaw ice loose from the tubes, and then catch it into short cylinders with a hole in the center. Vogt Ice is a former division of Henry Vogt Machine Company.

Stirling Ultracold

Venture Round in 2016
Stirling Ultracold, a division of Global Cooling, Inc., is a developer and manufacturer of a new generation of environmentally friendly ultra-low temperature freezers which operate below -86°C. These freezers do not use dry ice, Peltier or conventional cascade refrigeration systems. Instead, the Stirling Ultracold product line operates on free-piston Stirling engine technology.

JSI Store Fixtures

Debt Financing in 2013
JSI Store Fixtures Inc. specializes in designing, manufacturing, and marketing display fixtures and closed-cell foam products primarily for supermarket chains in North America and internationally. Founded in 1991 and based in Milo, Maine, the company produces a wide range of fixtures including produce bins, bakery cases, wine displays, refrigeration units, and floral arrangements. JSI Store Fixtures also offers visual design services to enhance merchandising strategies. With manufacturing facilities located across the United States, the company focuses on providing innovative retail solutions that improve the shopper experience across various product categories and store formats.
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