How Much Did Able Mechanical Raise?
Funding & Key Investors

Able Mechanical has secured $954K in total capital, with its most recent financing round bringing in $604K in a major strategic investment. This significant backing underscores the company's established presence and growth trajectory in the commercial and industrial services sector.

What is Able Mechanical?

Able Mechanical
ConstructionConstruction ManagementConsumer Services

Able Mechanical Inc. is a seasoned provider of Commercial Restaurant Repair & Service and Industrial HVAC Repair & Service, operating since 1993. The company specializes in comprehensive service for refrigeration, commercial kitchen appliances, and heating and air conditioning systems. With a team of over 20 qualified Journeyman Mechanics and a robust support staff, Able Mechanical has established itself as a fast-growing and trusted HVAC contractor within the tri-state area, known for its quality commercial kitchen service and commitment to getting clients back to comfort quickly and affordably.

How much funding has Able Mechanical raised?

Able Mechanical has raised a total of $954K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$604K

Debt (2020): $350K with participation from PPP

Debt (2021): $604K led by PPP

Key Investors in Able Mechanical

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Able Mechanical?

The recent major strategic investment signals a pivotal phase for Able Mechanical, likely aimed at expanding its service capabilities, enhancing operational efficiency, or broadening its market reach. This infusion of capital is expected to fuel further growth and solidify its position as a leading provider in the competitive commercial and industrial HVAC and repair market. The company's consistent track record since 1993, combined with this strategic backing, positions it for continued success and innovation in serving its commercial clientele.

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Frequently Asked Questions Regarding Able Mechanical Financial Insights

What are the most recent funding rounds that Able Mechanical has completed, and what were the funding rounds?
Able Mechanical has recently completed 2 funding rounds: Debt on Feb 10, 2021, Debt on May 20, 2020.
What is the total amount of funding Able Mechanical has raised to date?
Able Mechanical has raised a total of $954K in funding to date.
How many funding rounds has Able Mechanical completed?
Able Mechanical has completed 2 funding rounds.
How much funding did Able Mechanical raise in its most recent funding round?
Able Mechanical raised $604K in its most recent funding round.
Who are the lead investors in Able Mechanical's latest funding round?
The lead investor in Able Mechanical's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Able Mechanical's history?
The largest funding round in Able Mechanical's history was $604K.
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