What is Carotek?
Carotek is a long-standing provider of process equipment, serving the industrial, commercial, and municipal sectors across North Carolina, South Carolina, Tennessee, Georgia, and Virginia since 1965. Recognized as a top 100 NC private company, most recently at #66 in 2018 by Grant Thornton, Carotek boasts a portfolio of over 85 manufacturer brands and operates as an authorized service center for many. The company also excels in designing and fabricating custom process systems, including pump skids, valve automation units, complex process skids, and electrical control system automation panels.
How much funding has Carotek raised?
Carotek has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in Carotek
PPP
Public-Private Partnership
What's next for Carotek?
The recent strategic investment signifies a pivotal moment for Carotek, likely enabling further expansion of its service offerings and market reach. This capital infusion is expected to bolster its capabilities in designing and fabricating advanced process systems, reinforcing its position as a key player in the industrial equipment sector. The company's consistent recognition as a top private entity suggests a strong foundation for leveraging this new financing to drive innovation and operational excellence.
See full Carotek company page
