What is Fitzgerald Shipyard?
Fitzgerald Shipyard, a historic ship repair facility established in 1631 and situated in Boston Harbor, specializes in comprehensive vessel maintenance and restoration. The 10-acre waterfront operation boasts a 60-wide marine railway capable of accommodating vessels up to 1600 tons. Their service portfolio includes dry docking, ABS certified welding, machinery repairs, and navigation system upgrades, catering to a diverse clientele such as Burnham Associates, Massachusetts Bay Lines, and the Charles River Boat Company. The shipyard is committed to preserving maritime heritage through expert repair and restoration services.
How much funding has Fitzgerald Shipyard raised?
Fitzgerald Shipyard has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Fitzgerald Shipyard?
The recent large-scale, late-stage funding for Fitzgerald Shipyard signals a strategic push towards expanding its operational capacity or modernizing its facilities. This capital infusion is likely to enhance its ability to undertake larger projects, improve efficiency, and potentially broaden its service offerings. As a well-established entity in a critical maritime hub, this investment positions Fitzgerald Shipyard for continued success and reinforces its role in supporting the region's marine industry.
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