Almers Construction Funding: How Much Did They Raise & Key Investors

How Much Did Almers Construction Raise?
Funding & Key Investors

Almers Construction has solidified its position as a cornerstone of the North Dakota energy sector, recently securing a major strategic investment to bolster its operational capacity. With a cumulative capital infusion reaching $791K, the firm continues to demonstrate resilience and market leadership. The most recent financing round, totaling $441K, underscores the company's ongoing commitment to scaling its specialized infrastructure services within the competitive Bakken region.

This influx of capital serves as a testament to the firm's enduring legacy and its ability to adapt to the rigorous demands of the oilfield industry. By maintaining a focus on safety, professional execution, and cost-effective delivery, Almers Construction remains a preferred partner for complex facility and pipeline projects.

What is Almers Construction?

Almers Construction

Construction

Civil Engineering Construction

Headquartered in Tioga, ND, Almers Construction is a woman-owned enterprise with nearly six decades of operational history. The company specializes in comprehensive oilfield services, including the installation of carbon and stainless steel, HDPE, Flexsteel, and Shawcor pipelines ranging from 2 to 24 inches in diameter. As a premier contractor in the Bakken, the firm leverages its deep local roots to provide 24/7 rapid-response capabilities, ensuring that critical energy infrastructure projects are completed with high technical precision and strict adherence to safety certifications.

How much funding has Almers Construction raised?

Almers Construction has raised a total of $791K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$441K

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

Debt (2021): $441K led by PPP

Key Investors in Almers Construction

PPP

Public-Private Partnership

What's next for Almers Construction?

Looking ahead, the recent strategic investment positions Almers Construction to further modernize its fleet and expand its technical service offerings. As the energy landscape evolves, the company is well-positioned to leverage its decades of experience to capture emerging opportunities in pipeline maintenance and facility upgrades. The focus remains on maintaining operational excellence while scaling to meet the increasing demand for reliable, local, and highly certified construction crews in the Bakken. This capital deployment will likely facilitate enhanced project management capabilities and the integration of advanced safety protocols, ensuring the firm remains at the forefront of industrial infrastructure development.

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