Advantage Capital Invests $7.5M in FIAT Products to Finance Ownership Transition and Expansion
July 26, 2022
Advantage Capital provided a $7.5 million investment to FIAT Products to finance an acquisition that will transition the company to American ownership and support expansion in Somerset, Kentucky. The financing, made in connection with the Kentucky New Markets Development Program, is intended to preserve and grow local jobs and enable product and facility growth at FIAT’s 268,000 sq. ft. plant.
- Buyers
- Advantage Capital
- Targets
- FIAT Products
- Industry
- Manufacturing
- Location
- Kentucky, United States
- Transaction Type
- Growth capital
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