What is J & B Machine?
Established in 1994, J & B Machine has evolved from providing engine rebuilding services for the oil and gas sector to producing a diverse range of high-quality machined parts for various industries across Colorado's Front Range. Under the leadership of Steven Chavez, who acquired the company in 2015, J & B Machine has focused on diversifying capabilities, investing in advanced software for shop floor management and quality control, and fostering a career-oriented culture with training and development opportunities. The company prioritizes face-to-face customer relationships to develop value-added, turnkey solutions and adheres to a strict Buy American policy, sourcing all materials and services domestically to ensure quality and mitigate supply chain risks, thereby supporting U.S. manufacturing.
How much funding has J & B Machine raised?
J & B Machine has raised a total of $413K across 2 funding rounds:
Debt
$150K
Debt
$263K
Debt (2020): $150K with participation from PPP
Debt (2021): $263K led by PPP
What's next for J & B Machine?
The recent large-scale, late-stage funding, characterized as a major strategic investment, positions J & B Machine for significant expansion and enhanced operational capabilities. This capital infusion is expected to fuel further diversification into new processes, potentially increasing capacity and broadening its service offerings to mid-size and large manufacturing clients. The company's commitment to domestic sourcing and U.S. manufacturing aligns with current economic trends favoring resilient supply chains, suggesting a strategic focus on solidifying its market leadership and contributing to the strength of the national economy.
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