What is Hoisting?
Established in 1961, United Hoisting and Scaffolding is a premier provider of construction equipment rental services across New York City, New Jersey, and Connecticut. The company offers an extensive inventory of rental equipment, including scaffolding, hoists, and temporary structures, designed to facilitate the safe and timely completion of construction projects. With a legacy spanning decades, United Hoisting and Scaffolding leverages a team-based approach and a wealth of diverse construction experience to meet project demands, emphasizing quality standards and robust customer service.
How much funding has Hoisting raised?
Hoisting has raised a total of $829K across 2 funding rounds:
Debt
$350K
Debt
$479K
Debt (2020): $350K with participation from PPP
Debt (2021): $479K led by PPP
Key Investors in Hoisting
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Hoisting?
The recent major strategic investment signals a period of potential expansion and operational enhancement for United Hoisting and Scaffolding. This capital infusion is likely to bolster the company's capacity to serve its core markets and potentially explore new service offerings or geographic expansions. Given the company's long-standing presence and focus on essential construction infrastructure, this financing will likely support upgrades to its equipment fleet, enhance logistical capabilities, and reinforce its competitive edge in the demanding tri-state area construction sector.
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