Southfield-based GameAbove Capital today announced an equity stake in Pro-Tech Group, a supplier of transportation, warehousing, and logistics solutions. Both enterprises are based in Southfield.
This is GameAbove Capital’s first investment since the fund was announced earlier this year. Terms of the transaction were not disclosed.
Pro-Tech Group, a majority Black enterprise, was founded in 1999 and provides a range of supply chain management services to a variety of global industries, including the automobile industry. GameAbove Capital is part of CapStone Holdings, a private venture fund focused on minority- and women-operated businesses engaged in sustainability-related products and services.
GameAbove Capital Founder and Chairman Keith J. Stone says the fund invested in Pro-Tech Group because of its “ongoing innovation in sustainable logistics solutions, continued growth, and industry-leading position for logistics and transportation services.”
Pro-Tech has created a patented freight container loading system that utilizes empty automobile rail car space on return trips. The system features a bi-directional loading apparatus and method for better handling cargo within small spaces. Pro-Tech’s technology is expected to be demonstrated later this quarter.
“With GameAbove Capital, we gain an important ally and partner in our ongoing efforts to meet customer demands, continue innovating, and be leaders in sustainability for automotive supply chain management,” says Earle B. Higgins Sr., chairman and CEO of Pro-Tech Group.