What is Eagle Testing?
Founded in 2004 by David Powell, Tami Powell, Matt Powell, and John Powell, Eagle Testing operates from an 18,000-square-foot facility in Chattanooga, Tennessee. The company offers a comprehensive suite of services including non-destructive testing (NDT), mechanical testing, and pre and post-weld heat treatment. Their NDT capabilities encompass industrial radiography, phased array and traditional ultrasonic testing, visual inspection, dye penetrant testing, and magnetic particle testing. Eagle Testing serves critical industry sectors such as energy (natural gas & fossil fuels), pulp and paper, chemical manufacturing, and shop fabricators, providing NDE services for components like piping, pressure vessels, boiler tube replacements, and structural elements. All services are performed according to customer needs, with options for both in-house and on-site testing. Their technicians hold Level II or Level III qualifications in accordance with ASNT SNT-TC-1A specifications, ensuring adherence to industry codes like ASME Section V, Military Standard NAS 410, and various customer-specific technical procedures. Weld and material evaluations are conducted to codes including AWS D1.1, ASME B31.1, ASME B31.3, Section I, Section VIII, and Section IX.
How much funding has Eagle Testing raised?
Eagle Testing has raised a total of $395K across 2 funding rounds:
Debt
$150K
Debt
$245K
Debt (2020): $150K with participation from PPP
Debt (2021): $245K led by PPP
Key Investors in Eagle Testing
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Eagle Testing?
The recent strategic investment signifies a pivotal moment for Eagle Testing, likely enabling the company to enhance its service offerings, invest in advanced testing technologies, and potentially expand its geographic reach. Given the large-scale late-stage funding context, Eagle Testing is poised to solidify its market position and pursue new opportunities in sectors demanding rigorous quality assurance and material integrity. This capital will support operational scaling and further development of their specialized testing capabilities, reinforcing their commitment to serving key industrial clients with precision and expertise.
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