What is Duro Electrical Contracting?
Duro Electrical Contracting Corp. is a seasoned provider of commercial and residential electrical contracting services, operating primarily in the greater New York area since 1982. Founded by Charles Lichti, the company leverages extensive experience in electrical planning and the implementation of large-scale construction projects, including design lighting. Duro Electric has cultivated a reputation for delivering unique services at competitive price points, catering to a diverse clientele. The company is a member of the International Association of Electrical Inspectors and the Westchester County Licensed Contractors Association, ensuring adherence to industry standards. All employees are experienced, bonded, insured electricians who consistently update their skills and comply with National Electrical Code guidelines. Duro Electric offers free estimates and is available 24 hours a day for responsive service across Westchester, Putnam, and the Greater New York area.
How much funding has Duro Electrical Contracting raised?
Duro Electrical Contracting has raised a total of $330K across 2 funding rounds:
Debt
$150K
Debt
$180K
Debt (2020): $150K with participation from PPP
Debt (2021): $180K led by PPP
Key Investors in Duro Electrical Contracting
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Duro Electrical Contracting?
With a history of substantial debt financing and a recent strategic investment, Duro Electrical Contracting is well-positioned for continued expansion and operational enhancement. The company's focus on cost-effective solutions and personal service, combined with its deep expertise in both residential and commercial projects, provides a strong foundation for future growth. Future capital deployment is likely to focus on enhancing service delivery, expanding its geographic reach within the New York metropolitan area, and potentially investing in new technologies to maintain its competitive edge in the electrical contracting market.
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