About DiversiTech
DiversiTech is a company based in Duluth (United States) founded in 1971 was acquired by Partners Group in November 2021.. DiversiTech has raised $9.5 million across 1 funding round from investors including Permira, Partners Group and High Street Capital. DiversiTech has completed 18 acquisitions, including ACR Supplies, Artiplastic and BigGoose. DiversiTech offers products and services including Potatoes and Grain Marketing.
- Headquarter Duluth, United States
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Phone
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Website
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Social
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- Legal Name Maine Potato Growers, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.5 M (USD)
in 1 rounds
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Latest Funding Round
$9.5 M (USD), Series A
Aug 01, 2005
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Investors
Permira
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
ACR Supplies
& 17 more
- Acquired by
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Products & Services of DiversiTech
DiversiTech offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Potatoes are farmed and sold for food and industrial uses by Maine Potato Growers.
Grains are promoted and distributed from farms by Maine Potato Growers.
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Sales and Marketing
27 people
Leadership Team
7 people
Finance and Accounting
7 people
Operations Team
6 people
Product Management Team
6 people
Human Resources and Administration
5 people
Software Development Team
3 people
Business Team
1 people
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Funding Insights of DiversiTech
DiversiTech has successfully raised a total of $9.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $9.5 million completed in August 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $9.5M
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First Round
First Round
(01 Aug 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2005 | Amount | Series A - DiversiTech | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DiversiTech
DiversiTech has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Permira, Partners Group and High Street Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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High Street Capital is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Private equity funds are managed across multiple sectors globally.
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Founded Year | Domain | Location | |
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Investments are made in technology, consumer, healthcare, and service sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DiversiTech
DiversiTech has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include ACR Supplies, Artiplastic and BigGoose. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ancillaries for air conditioning and refrigeration are contract manufactured.
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2019 | ||||
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Connected solutions for remote AC monitoring and control are provided.
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2014 | ||||
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Installation of HVAC products is provided in Taunton, United States.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - DiversiTech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Diversitech Comparisons
Competitors of DiversiTech
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about DiversiTech
When was DiversiTech founded?
DiversiTech was founded in 1971 and raised its 1st funding round 34 years after it was founded.
Where is DiversiTech located?
DiversiTech is headquartered in Duluth, United States.
Is DiversiTech a funded company?
DiversiTech is a funded company, having raised a total of $9.5M across 1 funding round to date. The company's 1st funding round was a Series A of $9.5M, raised on Aug 01, 2005.
What does DiversiTech do?
Headquartered in Duluth, Minnesota, DiversiTech is a manufacturer of equipment and air conditioning condenser pads. Claims to be the largest manufacturer in North America. Also involved in supplying components and other products for the ventilation, air conditioners, heating, and refrigeration (HVACR) industry. Claims to manufacture over 200 product categories from a single manufacturing facility. Sell over 7k SKUs to HVAC industry. As on Dec16, the company is looking to acquire relevant HVACR and Electrical businesses having sale ranging from 3 million to 350 million or company having product lines with more than 100K revenues.
What products or services does DiversiTech offer?
DiversiTech offers Potatoes and Grain Marketing.
How many acquisitions has DiversiTech made?
DiversiTech has made 18 acquisitions, including ACR Supplies, Artiplastic, and BigGoose.
Who are DiversiTech's investors?
DiversiTech has 4 investors. Key investors include Permira, Partners Group, High Street Capital, and TJC.