Fundz

Cab Worldwide Llc Announces Growth Investment

PRIVATEMay 03, 2023

Round Type

Venture

BufordFinancial ServicesBanking

Investors

PNC Bank, N.A.Heritage Growth Partners LLC

Description

CAB Worldwide LLC ("CAB" or the "Company"), a global engineering, manufacturing and supply chain management business that provides precision machined steel, iron and aluminum cast, forged and fabricated components and assemblies to original equipment manufacturers and distributors, is pleased to announce that it has successfully completed a growth recapitalization led by Heritage Growth Partners LLC ("Heritage Growth"), a private family investment office. The purpose of the recapitalization is to support CAB's growing operations, enable expansion of capabilities and fund future acquisitions. PNC Bank, N.A. provided a senior secured debt facility in connection with the transaction

Quick answer

CAB Worldwide raised an undisclosed amount in a funding round, dated May 3, 2023. Investors: PNC Bank, N.A. and Heritage Growth Partners LLC. CAB Worldwide is based in Buford, Georgia, United States.

How much did CAB Worldwide raise?
CAB Worldwide raised an undisclosed amount in a funding round on May 3, 2023.
Who invested in CAB Worldwide?
PNC Bank, N.A. and Heritage Growth Partners LLC are named as investors in this round.
What does CAB Worldwide do?
Manufacturer & distributor of industrial castings & forgings, steel pipe flanges to 276"​ diameter and wind tower components.
Where is CAB Worldwide based and how big is it?
CAB Worldwide is based in Buford, Georgia, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Banking around the same time

Companies in the same sectors as CAB Worldwide that raised within 45 days of this round, from Fundz verified event records.

  • Emtech Solutions raised $9.8M on June 6, 2023.
  • Nymbus raised $70M (Funding Round) on May 25, 2023.
  • Axoni raised $20M on April 26, 2023.
  • Clip Money raised an undisclosed amount (Convertible Note) on March 28, 2023.
  • Bink raised $11M (Funding Round) on March 27, 2023.
  • Basic Home Loan raised $4.7M (Seed) on June 14, 2023.

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Company Information

Company

CAB Worldwide

Location

Buford, Georgia, United States

About

Manufacturer & distributor of industrial castings & forgings, steel pipe flanges to 276"​ diameter and wind tower components. US factory and distribution in Texas. Distribution warehouse in Washington. Overseas supplier factories in China, India, Vietnam, Korea. Precision machined steel, iron, aluminum, manganese, stainless & alloy; investment, sand, lost foam, permanent mold & die castings. Products include hydraulic components including rods, clevis and actuator parts, fabricated housing, automotive components including brackets, control arms, housings, and piston sleeves among others. Mining & construction equipment components, valve bodies, rotary kiln rings, industrial machinery components, pump & valve components, transportation saddle & rail braces, hook twin tie plates & track bolts. Products also include wind tower flanges, foundation embed & template rings, door frames, vent frames, gear rings, forged main shafts. Largest AWWA inventory in North America, ASME flanges, and custom large diameter pipe flanges to 276"​ diameter. Capabilities include design for manufacturing expertise, 3D modeling, 3D scanning, CNC machining, CMM measuring systems, tool and fixture design.

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CAB Worldwide raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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