December 5, 2022
Functional Devices Promotes Mark Fernandes to Chief Executive Officer

FOR IMMEDIATE RELEASE – December 5, 2022


Shorehill Capital LLC (“Shorehill”) is pleased to announce the promotion of Mark Fernandes to Chief Executive Officer of Functional Devices, Inc. (“Functional Devices” or the “Company”).


Mark Fernandes joined the Company in 2003 as an engineer after graduating with a bachelor’s degree in Electrical Engineering Technology from Purdue University.  During his tenure at the Company, he has held numerous leadership positions including Engineering Manager and Vice President of Manufacturing and Engineering.  In 2014, Mark assumed the role of President and has overseen several strategic initiatives that have increased productivity, shortened time to market for new products, and maintained Functional Devices’ reputation as the leader in product quality.  In 2019 Mark led the Company through an ownership transition whereby Shorehill acquired a majority ownership interest in Functional Devices.  Throughout his tenure as President, Mark has laid the groundwork for growth by building a strong culture through open communication, motivating teams, and engaging with employees and managers at all levels.


Speaking on behalf of Functional Devices’ Board of Directors, Shorehill’s Managing Partner Dave Hawkins said, “Mark has proven himself a highly effective leader having successfully guided Functional Devices through a pandemic, an ERP conversion and rapid growth, all during a time of tight labor markets, challenging supply chains and high inflation.  Shorehill looks forward to continuing our partnership with Mark and the rest of the team at Functional Devices.”


About Functional Devices  

Functional Devices, Inc. has been designing and manufacturing quality electronic devices in the United States of America since 1969.  They are best known for their RIB® brand which serves the building automation, lighting, electrical, fire & safety, and HVAC markets.  The company’s goal is to provide durable, high quality, easy-to-use products, tested for performance and supported by world-class sales and engineering experts, to ensure customers have the most reliable and economic solution.  To learn more about Functional Devices, visit


About Shorehill Capital
Shorehill Capital LLC is a Chicago-based private equity firm with a passion for creating superior companies.  We are focused on making control equity investments in North American engineered industrial products, industrial services, and value-added distribution companies with EBITDA between $3 million and $15 million and add-ons of any size.  Shorehill seeks opportunities with differentiated business models where our experience, network and investment management approach can have a significant impact on the performance of the business.  For nearly 30 years our partners have worked with middle market business leaders to accelerate growth and improve operational performance through structured investment management plans.  For additional information, please visit ​​​​​

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