What is Action Tool & Machine?
Based in Michigan, Action Tool & Machine, Inc. operates as a specialized, minority-owned enterprise providing high-precision machining and assembly services. With a legacy spanning over a century of combined technical expertise, the firm distinguishes itself through agile prototyping and low-volume production runs. Their facility is engineered to support complex manufacturing requirements, serving as a vital link in the supply chains of industry leaders such as Caterpillar and General Motors. The company's focus on quality control and rapid turnaround times remains a core competitive advantage in the precision engineering landscape.
How much funding has Action Tool & Machine raised?
Action Tool & Machine has raised a total of $473K across 2 funding rounds:
Debt
$150K
Debt
$323K
Debt (2020): $150K with participation from PPP
Debt (2021): $323K led by PPP
Key Investors in Action Tool & Machine
PPP
Public-Private Partnership
What's next for Action Tool & Machine?
With this late-stage funding secured, Action Tool & Machine is well-positioned to scale its advanced manufacturing capabilities and further optimize its production facility. The strategic deployment of this capital will likely focus on upgrading machinery to meet the evolving demands of the automotive and industrial sectors, ensuring the firm maintains its reputation for excellence in low-run part production. As the company navigates the complexities of modern supply chain management, this financial runway provides the necessary stability to pursue long-term growth initiatives and deepen its relationships with key enterprise clients.
See full Action Tool & Machine company page
