About the Business
Cameron & Associates 8 is a Philadelphia-based full-service construction firm. The certified woman-owned and BIPOC-owned firm is an authorized dealer for plumbing, roofing, electrical and other construction equipment, and supplies. Cameron 8 also has a professional and development services arm to help clients implement Diversity, Equity, and Inclusion (“DEI”) strategies. The Company has expanded to serve most of Pennsylvania and has recently expanded to North Carolina. In 2022, the Eastern Minority Supplier Diversity Council named Cameron 8 the Supplier of the Year.
About the Sponsor
CEO and founder Patricia Thomas-LaRoche created Cameron 8 in 2015 out of her lifelong passion for project management and development and a deep-rooted desire to build a diverse-owned business that could champion equity and inclusivity across construction projects.
Deal Overview
The JPMC-LISC Diverse Suppliers Program provided Cameron 8 with a growth capital investment for working on launching a new drone services revenue stream. The funds helped Cameron 8 with acquiring customized drone services software, cybersecurity tools, and cyber insurance in order to operate more efficiently and qualify for contracting opportunities with companies that require greater cybersecurity compliance requirements.
Impact Highlights
Offering drone services supports improvement of existing aging infrastructure for hospitals, schools, and buildings, leading to downstream benefits for city-dwellers.
Becoming one of the first minority-owned and woman-owned businesses to offer drone services in Philadelphia.
Increases opportunities for additional contracting with larger corporations.
Encourages company growth with creation of 3 new positions: 1 internal IT professional and 2 drone service operators.
*All information above as of February 2023
Project Gallery
The investment pools sponsored by LISC are available only to eligible investors, are offered only pursuant to their official offering documents, and are managed by LISC Fund Management, which is a wholly-owned subsidiary of LISC. LISC Fund Management is an investment adviser registered with the U.S. Securities and Exchange Commission (“SEC”). Registration of an investment adviser with the SEC does not imply any level of skill or training. Please visit the SEC’s website at www.adviserinfo.sec.gov to see LISC Fund Management’s Form ADV, which contains important disclosures, including further disclosures about material conflicts of interest, risks, and limitations associated with LISC Fund Management.