Funding will support new regional market expansion and increases in production capacity
Leesburg, FL, March 30, 2018 (GLOBE NEWSWIRE) -- Innovative construction materials company Intellisteel Group has inked a revenue-based growth financing agreement with Decathlon Capital Partners.
The seven-figure investment will support expansion into new regional markets and increase production capacity of the company’s products. Intellisteel is addressing critical problems and constraints in the trillion-dollar U.S. construction industry posed by legacy timber and concrete materials.
“Intellisteel’s pre-drilled, pre-dimpled, pre-cut, pre-labeled and pre-assembled structural frame packages reduce skilled labor by up to two-thirds and unskilled labor by half,” said Stanley Adwell, President of Intellisteel. “The capital from Decathlon will enable us to expand availability of our products – which are faster, better and stronger than wood and concrete – to the building industry.”
“Intellisteel's advance cold formed steel production system is proving that structural light-gauge steel framing is the new standard,” added Philip Smith, chairman of the company’s board of managers. “We are leading the steel-framing revolution, and are pleased to be working with Decathlon as we execute the next phase of our business plan.”
“Intellisteel brings an answer to the rising project costs, lack of skilled and unskilled labor and slow completion speed currently afflicting the construction industry,” said John Borchers, partner at Decathlon Capital. “We’re excited to see our non-dilutive, revenue-based financing approach help the company provide the U.S. construction industry with modern, efficient and cost-effective solutions.”
About Intellisteel Group
Founded in 2014, Intellisteel manufactures rapid, engineered cold-formed structural steel using proprietary processes and methodology. Using an enhanced mobile production and on-site fabrication system originally developed for the U.S. military, framing packages are made near or directly on job sites. Intellisteel employs the world's fastest, state-of-the-art, end-to-end design build hardware and software system in the industry.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.