Investment made in connection with InvestCT program to bring 50 new jobs to Windsor, Conn.
Advantage Capital, a leading impact investment firm that invests with intention in underserved areas, announced today an $11.5 million investment in Specialty Printing made in connection with the InvestCT program. The financing will allow the company to expand its workforce of 215 employees by adding 50 new positions, supporting ongoing growth and innovation. It will also provide critical working capital, enabling the company to significantly enhance operational efficiency at its 330,000-square-foot facility in Windsor.
“This funding comes at a critical time in our company’s growth trajectory, and I am happy our business is able to benefit from the InvestCT program," said Bill Bailey, CEO, Specialty Printing. "This funding provides us with the financial flexibility needed to execute our growth strategy, continue innovating in sustainable labeling solutions, and support our customers nationwide with high-quality label products."
The InvestCT program opens funding opportunities to entrepreneurs looking to grow their businesses in the state. According to the Connecticut Department of Economic Community Development, the program created more than 1,500 jobs between 2016 and 2023. It has been instrumental in funneling financing to small businesses and targeted municipalities that have historically lacked investment, as well as pre-seed and early-stage businesses looking to get their start in the state.
"The InvestCT program continues to be a catalyst for business growth in Connecticut," said State Representative Jane Garibay. "This investment in Specialty Printing demonstrates how strategic capital deployment can help companies thrive, create jobs, and contribute to our local economy. I am proud to support initiatives like this that reinforce Connecticut’s position as a hub for manufacturing innovation."
As a family-owned manufacturer specializing in high-quality labeling solutions, Specialty Printing plays a vital role in industries like grocery, medical, and logistics. Its recent expansion has strategically positioned it for accelerated growth. Advantage Capital’s investment will help streamline operations, enabling the company to capture new business opportunities and realize further efficiency gains.
"This investment underscores our commitment to supporting small businesses that drive economic growth and innovation," said Tim Perusek, Principal, Advantage Capital. "Specialty Printing has demonstrated resilience and adaptability in a competitive industry, and we are excited to help strengthen its financial position and enable its continued success."
About Advantage Capital
Advantage Capital is a leading impact investment firm with an emphasis on driving capital to underserved areas. The firm provides flexible financing to growth-ready entrepreneurs and industries located in communities that often lack access to conventional sources of capital. Since 1992, the firm has invested more than $4.4 billion in more than 1,000 companies to support more than 70,000 quality jobs. The firm also invests with intention in affordable housing developments and renewable energy solutions to grow economies and communities. Learn more at Advantagecap.com.
About Specialty Printing LLC
Founded in 1978, Specialty Printing LLC is a family-owned business specializing in pressure-sensitive labels with a major presence in the national grocery, medical, and logistics industries. Headquartered in Windsor, Connecticut with satellite offices in Tampa, Florida, Troy, Ohio and Fullerton, California, the company operates with a commitment to quality, innovation, and customer satisfaction.
Advantage Capital is an Investment Adviser registered with the U.S. Securities & Exchange Commission. Such registration, however, does not imply a certain level of skill or training. This release has been prepared for informational purposes and to announce a prior event, and nothing herein should be construed as an offer of investment advisory services or as an offer to sell or a solicitation of an offer to purchase any securities or investment product. All offers of investment interests in any fund or investment vehicle managed directly or indirectly by Advantage Capital are and will be made only to qualified prospective investors pursuant to separate and definitive offering and subscription documents in accordance with applicable federal and state securities laws. Advantage Capital is an equal opportunity provider.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250506020598/en/
"This investment in Specialty Printing demonstrates how strategic capital deployment can help companies thrive, create jobs, and contribute to our local economy."
Contacts
Advantage Capital
Joe Stosberg, Communications Manager
jstosberg@advantagecap.com