What is Bagby Electric?
Bagby Electric of Virginia, Inc. is a Class A electrical contractor specializing in commercial and industrial services across Virginia. Their expertise spans controls, computer, voice/data, and fire alarm systems, with a focus on cost-effective and timely installations. The company offers flexible pricing models, including Design/Build and lump sum options, and has a proven history of executing large-scale projects, often partnering with local minority contractors to meet participation goals. Their commitment to safety and quality assurance is central to their project delivery.
How much funding has Bagby Electric raised?
Bagby Electric has raised a total of $2.9M across 2 funding rounds:
Debt
$1M
Debt
$1.9M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.9M led by PPP
Key Investors in Bagby Electric
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Bagby Electric?
The recent major strategic investment signals a phase of significant growth and potential expansion for Bagby Electric. This capital infusion is likely to bolster their capacity for undertaking larger industrial projects and enhancing their service offerings in areas like advanced control systems and data infrastructure. The company's established track record and focus on collaborative project execution position it well to leverage this financing for increased market share and operational advancements.
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