SMALL BUSINESS INVESTMENT COMPANIES HAVE INVESTED MORE THAN $84 MILLION IN KENTUCKY OVER THE LAST 5 YEARS.
Small Business Investment Company Impact in Kentucky
- SBICs have invested in 21 small businesses in Kentucky since 2018.
- SBICs have invested $84.8 million in Kentucky small businesses since 2018, with $5.5 million invested in FY 2022.
- Kentucky businesses that received financing from SBICs in 2022 supported 97 employees.
A sampling of the Kentucky-based companies that have received SBIC financing:
Galls, LLC (Lexington)
Founded in 1967, Galls represents the largest distributor of uniform and equipment to public safety personnel, including police, fire, EMS, private security, corrections, federal/military, and postal. With headquarters in Lexington, KY, Galls services customers through a national catalogue, convenient eCommerce site, more than 50 dedicated sales reps, 80 locations, and its proprietary “eQuip” online solution serving state and local agencies.
Each year, more than one million men and women in the public safety, postal and public transportation industries depend on Galls for their essential equipment and apparel.
- SBIC Investment: $21,500,000
CRS Reprocessing Services (Louisville)
Established in 1981, CRS Reprocessing Services (CRS) provides innovative, engineered reprocessing solutions for industrial fluid streams that yield significant cost and time savings for customers. By designing, building, installing, operating, and maintaining reprocessing units largely at its customers’ facilities, CRS ensures consistent, high-quality product output while reducing the expensive and potentially hazardous transportation of waste products to a remote processing center.
CRS maintains operations across the US, Europe, and Asia, providing reprocessing services, process improvements, and engineered solutions worldwide.
- SBIC Investment: $25,119,795
The MPI Group, LLC (Corbin)
Founded in 1980, MPI has become a leading manufacturer of custom steel doors, frames and accessories.
The company’s modern production facilities of more than 55,000 square feet are in Corbin, KY, USA adjacent to the main offices. Facilities include an advanced Amada Fabrication Center housing automated punching and forming equipment.
- SBIC Investment: $6,895,943