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Electronics company Mirac gets $7.6M investment from Advantage Capital

Advantage Capital Management Corp., which invests in companies in underserved communities, provided an approximately $7.6 million investment to Ohio-based electronics assembly and fabrication company Mirac Inc.

The capital was intended to help preserve jobs, bolster economic development and retain strong commercial activity in rural Ohio. The investment was also made in line with the New Markets Tax Credit federal program.

Additionally, Ralph Captain, founder and CEO at Mirac, is looking to sell the company to private equity firm Weller Equity Partners, which backs lower-middle-market companies in the U.S. Mid-South region.