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Clarke Industrial Engineering Raises $1.9 Million, Expands Management Team  

 
 


MIAMI—Clarke Industrial Engineering Inc., recently announced that it has completed its third round of venture funding and expanded its management team with the addition of Jeff Buck as vice president of engineering and operations, and Chad Heffernan as manager of sales and marketing. The company raised $1.9 million in its latest round of funding, bringing the total raised to $3.7 million.

Clarke Industrial Engineering designs and markets the patented Shutter Valve™, which the company describes as “an aerospace-inspired valve that revolutionizes flow control efficiency for customers that demand precise flow processing and a low total cost of ownership.”

“This enables us to fund volume production of our 1-inch, 2–inch, and 4-inch Shutter Valves for our lead customers, who represent billions of dollars of industrial revenue,” said Mark Kacer, Clarke’s CFO and COO, commenting on the funding in a company release. “As demand for our products continues to grow, the cost efficiencies realized from these volume builds directly result in competitive pricing for Clarke’s premium products.

“We also further enhanced our management team with the addition of Jeff Buck, a seasoned executive with world class experience in engineering and production,” added Kacer. “As the former CEO of a leading custom manufacturing company with four facilities in New England, Buck not only brings world class supply chain management skills to Clarke, but also provides additional strategic perspective that will help Clarke accelerate its success. Furthermore, we recently recruited Chad Heffernan as our manager of sales and marketing, reporting to Kyle Benson, vice president of sales and marketing. Heffernan brings Clarke over twenty years of high level, strategic sales and marketing experience.”

Kyle Daniels, founder and CEO of Clarke Industrial Engineering, added, “We have designed our Shutter Valve to not only provide the best flow control performance in the world, but also for ease of manufacturing, providing surprising value to our customer base. With Jeff Buck onboard, combined with the other members of senior management, I am very confident that we have the right team in place to diffuse our superior technology on a mass scale to industrial companies around the world.”

Bill Dambrackas, Clarke’s chairman, added, “Bill Pruitt and his associates led this latest round of funding and represented the majority of the funds raised. They were joined by Clarke’s original investor, New World Angels (NWA), which has invested in all 3 rounds.”

“Bill Pruitt, along with Alexander J. Blake, an initial and continuing Clarke investor, have joined our Board of Directors, adding their valuable experience and knowledge to help guide the company,” said Dambrackas. “Clarke is now well-positioned to establish a market presence in the world-wide $100 billion valve market,” he added.

Clarke Industrial Engineering (clarkeindustrialengineering.com) applies aerospace-inspired design concepts to the field of flow control in an effort to develop the next generation of premium industrial valves.




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