Lyle Justus
Carrollton, TX (USA)
Role(s):
Other
Pitts Industries
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Startup
Location:
Dallas
Industry:
Manufacturing
Year Founded:
1956
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Pitts Industries is a manufacturing company making high performance clutches in Dallas, TX, that was recently acquired. We are in search of $2 to $3 million dollars in business funding so that we can grow our profitable business back to it's previous size quickly. Pitts Industries has fixed assets of over $4 million completely paid for, and low debt. Previous customers are returning due to superior product quality versus competition. This is a virtually zero risk investment. Following are additional details relating to the type and use of funds that we are looking for. Our website is (URL removed). Please contact us at (Phone # removed)if you have any questions.
Pitts Industries currently plans to use any raised funds primarily for the following purposes:
-Operating/Growth Capital & Marketing to attract old and new customers to Pitts. Also, higher volume inventory purchases taking advantage of quantity discounts, lowering COGS.
With that in mind, Pitts Industries is most interested in receiving capital from these types of funding sources:
-Equity Funding (Venture Capital, Angel, Private Equity, etc)