What is Beamaco?
Beamaco is a family-owned machine shop headquartered in Manitowoc, Wisconsin, specializing in low-volume custom machining and fabrication. The company provides a comprehensive suite of services, including the production of parts, replacement and spare components, maintenance repair, and reverse engineering. Leveraging a diverse array of equipment and a skilled workforce, Beamaco is adept at managing varied project requirements while maintaining adherence to stringent ISO 9001:2015 quality standards. Their operational focus is on delivering tailored machining solutions to businesses across various sectors seeking specialized manufacturing support.
How much funding has Beamaco raised?
Beamaco has raised a total of $4.2M across 3 funding rounds:
Debt
$150K
Debt
$326K
Debt
$3.7M
Debt (2020): $150K with participation from PPP
Debt (2021): $326K led by PPP
Debt (2024): $3.7M supported by Cleveland State Bank
Key Investors in Beamaco
Cleveland State Bank
Cleveland State Bank is a financial institution likely providing debt financing and banking services to businesses. Their involvement suggests a focus on supporting operational capital needs and growth initiatives through traditional lending.
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Beamaco?
The recent major strategic investment positions Beamaco for accelerated growth and enhanced market penetration. This capital infusion is expected to facilitate advancements in their technological capabilities, potentially expanding their capacity for complex fabrication projects and increasing their reach to new client segments. The company's commitment to ISO 9001:2015 standards, coupled with its expertise in custom machining, suggests a strategic focus on high-value, precision-oriented manufacturing. Future developments may involve scaling operations to meet increasing demand, investing in advanced machinery, and potentially exploring new service verticals within the industrial fabrication landscape.
See full Beamaco company page
