What is PanelTEK?
Established in September 2000 in Fond du Lac, WI, PanelTEK has evolved from exclusively building industrial control panels for G&L to serving a diverse range of industries including machine tool, food & beverage, oil & gas, environmental, paper converting, water treatment, and pharmaceutical. Renowned for high-quality craftsmanship, on-time deliveries, and meticulous attention to detail, PanelTEK has expanded its operational footprint significantly, moving from a 7,500 sq ft facility to a 30,000 sq ft facility by 2010, equipped with advanced manufacturing capabilities. In May 2013, the company was acquired by Stillwater Partners, a Milwaukee-based investment firm, a transition that maintained operational continuity and leadership.
How much funding has PanelTEK raised?
PanelTEK has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in PanelTEK
PPP
Public-Private Partnership
Stillwater Partners
Stillwater Partners is an investment company that acquired PanelTEK in 2013, indicating a strategic interest in the industrial manufacturing and engineering services sector.
Undisclosed investor
An undisclosed investor participated in the funding round, suggesting a strategic partnership or a significant financial backing aimed at future growth initiatives.
What's next for PanelTEK?
The recent strategic investment, detailed as a major capital infusion, positions PanelTEK for its next phase of growth. Given its large-scale late-stage funding context, the company is likely to focus on scaling production capacity, enhancing its engineering services, and potentially exploring new market segments or technological advancements. This capital injection will be crucial for maintaining its competitive edge and meeting the increasing demands of its varied industrial clientele.
See full PanelTEK company page
