What is Watlow?
Founded in 1922 and headquartered in St. Louis, Missouri, Watlow is a distinguished designer and manufacturer of industrial heaters, sensors, and controllers. With nearly a century of operational history, the company has cemented its position as a critical supplier to various industries requiring precise thermal management. Its extensive product portfolio and deep engineering expertise enable it to provide comprehensive solutions for complex industrial applications, positioning it as a leader in its sector.
How much funding has Watlow raised?
Watlow has raised a total of $175M across 1 funding round:
Debt
$175M
Debt (2022): $175M with participation from BMO Capital Markets and Citizens Financial Group
Key Investors in Watlow
BMO Capital Markets
BMO Capital Markets, a full-service financial services provider, offers a wide array of products and services including underwriting, corporate lending, and advisory services for corporate, institutional, and government clients.
Citizens Financial Group
Citizens Financial Group is one of the nation's oldest and largest financial institutions, providing a broad range of retail and commercial banking products and services to diverse clientele.
What's next for Watlow?
The recent major strategic investment signals a new phase of development and expansion for Watlow. This capital infusion is likely to fuel advancements in product innovation, enhance manufacturing capabilities, and potentially broaden market reach. As an established enterprise, Watlow is poised to leverage this backing to further solidify its leadership in the industrial heating, sensing, and control markets, driving forward with strategic initiatives aimed at sustained growth and operational excellence.
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