North Branch Capital Invests in ControlByWeb
Summary
Headquartered in Nibley, UT, CBW is a premier designer and manufacturer of Industrial Internet of Things (IIoT) control products and systems used to remotely collect, send, monitor, and act on data acquired from various environments. The Companys market opportunity is enormous and we are excited to add additional sales and engineering resources to accelerate the already impressive organic growth profile of the business, said Nick Johansson, Principal at North Branch. North Branch has an exceptional track record scaling and investing in engineering-focused, industrial product businesses, said Jake Rippstein, President of CBW. We found the right partner in North Branch whose operating resources will help us capitalize on the various growth opportunities in front of us. First American Bank provided a working capital line of credit and a senior term loan facility.
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