Shorehill Capital invested in Functional Devices.

Shorehill Capital invested in Functional Devices, a leading US based manufacturer of relays, power supplies, transformers, sensors, enclosures and wireless devices utilized in the HVAC, building and lighting controls and energy management industries. Financial terms were not disclosed. “We have a long history in the building automation controls industry and believe it will continue to benefit from several positive long-term demand drivers. We are excited to partner with the Company’s management team and Ken Rittmann to build upon the Company’s 50-year history of providing its customers with high-quality products and customer service,” said Dave Hawkins, Managing Partner at Shorehill Capital.