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Berg Enterprises, Inc. Secures $2.5M in Funding Led by Antina Capital

Berg Enterprises, Inc. Secures $2.5M in Funding Led by Antina Capital

June 19, 2024 Craig Etkin

Strategic capital to support federal and commercial growth opportunities across the Southwest.

June 18, 2024 02:24 PM Pacific Daylight Time

HOUSTON–(BUSINESS WIRE)–Berg Enterprises, Inc. announced today a $2.5M financing round led by Antina Capital structured in a combination of private debt and equity.

“This capital will allow us to make targeted investments and scale our workforce in key geographies important to Uncle Sam over the next 10 years”

“This capital will allow us to make targeted investments and scale our workforce in key geographies important to Uncle Sam over the next 10 years,” said Tyler Johnston, CEO of Berg Enterprises, Inc. (BEI) “Antina has been an incredible partner at critical periods of our growth, and we are humbled by their continued support.”

Founded by Dick Berg in 1974, BEI is celebrating its fiftieth year and still betting on the trades.

Their work includes the design, installation, and maintenance of mechanical and plumbing systems across the American Southwest. Current projects include Belgium’s F-35 Hangar at Luke Air Force Base in the greater Phoenix area, a school expansion in the heart of the Tohono Oʼodham Nation, renovations to the Lyndon B. Johnson National Historical Park, refreshing an enlisted USAF barracks in Del Rio, an Air and Marine Operations facility for US Customs and Border Protection in Laredo, and work at many other key locations along the southern border. They’re also sourcing new talent from rural areas in these regions, imbuing small unit leaders with decision-making authority, and using technology to enhance the client experience.

At Antina, infrastructure is core to the business model. “We own land and assets across Texas and Arizona,” said Ashley Watt. “The region is important to us, and we’re excited to partner with builders like Berg who share our vision.” Antina owns 60,000+ acres across Texas that host multiple businesses, including one of North America’s largest solar developments. They also own commercial real estate assets across North Texas.

Together, Ashley and Tyler believe they can innovate to better support infrastructure that serves the warfighter (particularly in hard environments). It’s a worthy cause for two former Marines, and one they hope will benefit other commercial development in their mutual operating regions.

About BEI

Family-owned and operated, BEI provides turnkey mechanical, plumbing & pipefitting services in select federal and commercial markets across the Southwestern United States and other strategic locations. These include site analysis, engineering, design, procurement, installation, program management, and O&M services.

About Antina Capital

Antina Capital is a single family office headquartered in Houston, TX. Primarily focused on land, energy, and infrastructure, Antina has executed multiple debt and equity investments in the HVAC industry.

Contacts

Ashley Gray | VP, Brand @ BEI
+1 (520) 603-8226
ashley@bergenterprises.com

Sarah Myers | COO @ Antina
+1 (571) 594-2427
smy@antinaco.com

(c)2024 Business Wire, Inc., All rights reserved.


Venture Capital
Berg Enterprises, Business Wire, Houston, Texas, Venture Capital

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Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
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Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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