What is Custom Panel & Controls?
Custom Panel & Controls is a specialized engineering design firm with over five decades of collective experience in marine electrical systems, controls automation, and electrical panel fabrication. The company provides comprehensive solutions including automation, controls, switchboard maintenance, and custom security systems, primarily serving the demanding maritime industry. Their offerings are tailored for freight, marine, pumps, and utility applications, emphasizing reliability and innovation in electrical product delivery alongside superior customer service.
How much funding has Custom Panel & Controls raised?
Custom Panel & Controls has raised a total of $421K across 2 funding rounds:
Debt
$150K
Debt
$271K
Debt (2020): $150K with participation from PPP
Debt (2021): $271K led by PPP
What's next for Custom Panel & Controls?
The substantial late-stage funding, characterized as a major strategic investment, positions Custom Panel & Controls for significant expansion. This capital infusion is likely to fuel advancements in their automation and controls technologies, potentially enabling the company to broaden its service offerings or penetrate new maritime sub-sectors. Strategic partnerships or acquisitions may also be on the horizon as the company leverages this financing to solidify its market leadership and enhance its competitive edge in the specialized field of marine electrical and controls engineering.
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