How Much Did Echols Heating Raise?
Funding & Key Investors

Echols Heating, a long-standing HVAC contractor based in Akron, OH, has secured $150K in total capital, with a recent major strategic investment of $150K. This significant backing underscores the company's established presence and ongoing operational capacity in the competitive heating and air conditioning services market.

The company's financial trajectory includes a notable debt financing round on April 30, 2020, amounting to $150 million, provided by the Paycheck Protection Program (PPP). This infusion of capital likely supported operational continuity and business resilience during a critical economic period.

What is Echols Heating?

Echols Heating
ConstructionConstruction ManagementConsumer Services

Echols Heating & AC operates as a locally owned HVAC contractor with over four decades of experience serving residential and commercial clients in Akron, OH. The company specializes in comprehensive heating and air conditioning services, including installations, repairs, and maintenance, with a focus on ensuring optimal indoor air quality and comfort. Their service portfolio encompasses furnace and AC repairs, geothermal systems, and advanced indoor air quality solutions. Echols Heating & AC is recognized for its professional workmanship and strategic partnerships with leading brands such as Carrier and Mitsubishi. The company holds NATE certification, signifying a commitment to technical excellence, and actively engages in industry associations. They provide emergency services and offer service contracts to enhance customer satisfaction and operational reliability.

How much funding has Echols Heating raised?

Echols Heating has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

Key Investors in Echols Heating

PPP

Public-Private Partnership

What's next for Echols Heating?

The recent strategic investment, alongside the substantial total funding, positions Echols Heating for continued growth and service expansion. As a company with a strong foundation in the local market and a commitment to technical proficiency, this capital infusion is expected to facilitate upgrades to service infrastructure, potential expansion into new service areas, or the adoption of advanced HVAC technologies. The company's focus on NATE certification and partnerships with premium brands suggests a strategy geared towards high-quality service delivery and customer retention, which this recent backing will likely amplify.

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Frequently Asked Questions Regarding Echols Heating Financial Insights

What are the most recent funding rounds that Echols Heating has completed, and what were the funding rounds?
Echols Heating has recently completed 1 funding rounds: Debt on Apr 30, 2020.
What is the total amount of funding Echols Heating has raised to date?
Echols Heating has raised a total of $150K in funding to date.
How many funding rounds has Echols Heating completed?
Echols Heating has completed 1 funding rounds.
How much funding did Echols Heating raise in its most recent funding round?
Echols Heating raised $150K in its most recent funding round.
Who are the lead investors in Echols Heating's latest funding round?
The lead investor in Echols Heating's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Echols Heating's history?
The largest funding round in Echols Heating's history was $150K.
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