What is Laurel Asphalt?
Laurel Asphalt is a well-established paving company with over two decades of experience, serving residential and commercial clients across Pennsylvania, Ohio, and Maryland. Headquartered south of Johnstown, Pennsylvania, the company offers a comprehensive suite of paving solutions. These include excavating and grading, drainage management, paving, and line striping, complemented by specialty finishing products like StreetPrint and DuraTherm. The company prides itself on a team of experienced paving professionals dedicated to delivering quality service on time, positioning it as a reliable partner in infrastructure development and maintenance.
How much funding has Laurel Asphalt raised?
Laurel Asphalt has raised a total of $313K across 2 funding rounds:
Debt
$150K
Debt
$163K
Debt (2020): $150K with participation from PPP
Debt (2021): $163K led by PPP
What's next for Laurel Asphalt?
The substantial capital infusion, particularly the recent strategic investment, positions Laurel Asphalt for accelerated growth and market penetration. This large-scale, late-stage funding indicates a focus on scaling operations, potentially through expanding service areas, acquiring new technologies, or enhancing its workforce. The company is likely to leverage this financial backing to solidify its competitive advantage and pursue larger-scale projects, further strengthening its presence in the Mid-Atlantic region's construction and infrastructure sector.
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