Intermark Steel, a Price-based steel fabrication company, 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.