ST. LOUIS--(BUSINESS WIRE)--Advantage Capital Partners has announced an investment utilizing the Utah New Markets Jobs Act in ACT Aerospace, a manufacturer specializing in composite design, analysis and production for the military and commercial aerospace industries.
Based in rural Gunnison, Utah, ACT Aerospace has dedicated more than 20 years to becoming a leader in the aerospace and defense industry. The company offers full tooling design and in-house fabrication for metallic and composite structures.
“We are excited to grow and continue to use innovative engineering and manufacturing techniques to create high-end, strong and lightweight aerospace components,” said Roland Christensen, CEO of ACT Aerospace. “The funding will allow us to invest in additional equipment and focus on our growth goals for 2016.”
“I am delighted to see the Utah New Markets Jobs Act hard at work in Utah,” said Representative Brad Wilson. “We are committed to creating new jobs in Utah, and this financing for ACT Aerospace is a welcome step in the right direction.”
ACT Aerospace is the largest private employer in Gunnison, with 123 employees, and plans to maintain that position by expanding over the next year.
About Advantage Capital Partners
Advantage Capital Partners provides equity and debt financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm has invested more than $1.9 billion in companies from a diverse array of industry sectors, including manufacturing, technology and business services, and has offices in New Orleans, St. Louis, New York, Austin and other locations.
Advantage Capital Partners is an investment advisor registered under the Investment Adviser Act of 1940. Registration does not imply a certain level of skill or training. This release is not intended to be an advertisement subject to the rules under the Investment Advisers Act of 1940.