Advantage Capital investment made in connection with the Utah Rural Jobs Act to help grow 24 new jobs in Price, Utah
Intermark Steel, a Price-based steel fabrication company, today received a pro-growth investment from Advantage Capital, a leading impact investment firm that invests with intention in underserved areas. With this investment, made through the Utah Rural Jobs Act, the company plans to expand and add 24 new, high-quality jobs—delivering measurable economic opportunity to a rural region of Utah often overlooked by traditional capital markets.
“We’ve seen consistent growth in demand for our services across the steel industry over the past few years,” said Matt Blaser, President and founder of Intermark Steel. “This investment will play a critical role in helping us scale to meet our clients’ needs while driving job creation here in Price.”
Intermark Steel’s diverse portfolio includes high-profile developments such as the Salt Lake City International Airport, Manti Sixth District Courthouse, and Goldener Hirsch Luxury Hotel. The firm is now poised to execute on larger, more technical contracts—including work for the Huntsman Mental Health Institute Translational Research Building, Texas Instruments’ Lehi campus expansion, and TSMC’s third semiconductor fabrication plant in Phoenix, Arizona.
The investment was made through the Utah Rural Jobs Act, a targeted public-private initiative that brings catalytic capital to rural and underserved communities across the state. The program is designed to help close the financing gap for small businesses and fuel job creation where it’s needed most.
“I am thrilled to see this type of partnership and opportunity for the Price area,” said State Representative Christine Watkins. “The work done at Intermark Steel is exceptional and unique. The extra job opportunities is a game changer for those wanting to live and work here.”
As a trusted subcontractor to general contractors across the region, Intermark Steel leverages state-of-the-art automation to deliver precision-engineered steel solutions to sectors including commercial real estate, healthcare, hospitality, and infrastructure.
“We are proud to support Intermark Steel—a company that exemplifies the entrepreneurial spirit and resilience of rural America,” said Arjun Mohan, Vice President at Advantage Capital. “Intermark has the foundation, leadership, and vision to grow, and this investment will help them unlock its next chapter.”
This partnership marks another step in Advantage Capital’s ongoing mission to drive meaningful economic impact in overlooked areas by supporting growth-ready businesses and strengthening communities.
About Advantage Capital
Advantage Capital is a leading impact investment firm with an emphasis on driving capital to underserved areas. The firm provides flexible financing to growth-ready entrepreneurs and industries located in communities that often lack access to conventional sources of capital. Since 1992, the firm has invested more than $4.4 billion in more than 1,000 companies to support more than 77,000 quality jobs. The firm also invests with intention in affordable housing developments and renewable energy solutions to grow economies and communities. Learn more at Advantagecap.com.
About Intermark Steel LLC
Intermark Steel is a leading subcontractor specializing in the design, fabrication, and installation of custom steel stairways, railings, and structural components. Headquartered in Price, Utah, the company serves a wide range of sectors—including airports, healthcare, hospitality, and commercial office buildings—throughout the Mountain West and beyond. Known for its precision engineering and use of advanced automation technology, Intermark delivers high-quality, custom-built steel products that meet the evolving needs of modern infrastructure projects.
Advantage Capital is an Investment Adviser registered with the U.S. Securities & Exchange Commission. Such registration, however, does not imply a certain level of skill or training. This release has been prepared for informational purposes and to announce a prior event, and nothing herein should be construed as an offer of investment advisory services or as an offer to sell or a solicitation of an offer to purchase any securities or investment product. All offers of investment interests in any fund or investment vehicle managed directly or indirectly by Advantage Capital are and will be made only to qualified prospective investors pursuant to separate and definitive offering and subscription documents in accordance with applicable federal and state securities laws. Advantage Capital is an equal opportunity provider.
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"This investment will play a critical role in helping us scale to meet our clients’ needs while driving job creation here in Price."
Contacts
Advantage Capital
Joe Stosberg, Communications Manager
jstosberg@advantagecap.com
