What is CriLon?
CriLon Corp, established in 2015 and headquartered in Somerset, Pennsylvania, is a prominent heavy highway construction contractor. The company specializes in a comprehensive suite of services for both commercial and residential clients, including asphalt maintenance, excavation, paving, and the construction of critical infrastructure like box culverts and bridge spans. Leveraging industry-leading equipment and materials, CriLon Corp is committed to delivering high-quality results and ensuring customer satisfaction across its service areas in the Northeastern United States, encompassing key markets such as Harrisburg, York, and Philadelphia.
How much funding has CriLon raised?
CriLon has raised a total of $755K across 2 funding rounds:
Debt
$350K
Debt
$405K
Debt (2020): $350K with participation from PPP
Debt (2021): $405K led by PPP
Key Investors in CriLon
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for CriLon?
The recent major strategic investment signals CriLon's intent to accelerate its market presence and potentially expand its service offerings or geographical reach. Given the company's focus on heavy highway construction and infrastructure development, this capital infusion is likely to be directed towards acquiring advanced machinery, enhancing project management capabilities, and potentially undertaking larger-scale contracts. The transition from debt financing to strategic investment suggests a maturing business model poised for significant growth and market consolidation within the competitive construction industry.
See full CriLon company page
