What is Laurel Asphalt?
Laurel Asphalt specializes in comprehensive paving solutions for both residential and commercial clients across Pennsylvania, Ohio, and Maryland. Headquartered south of Johnstown, Pennsylvania, the company leverages an experienced team of paving professionals to deliver quality service on time. Their service offerings encompass excavating and grading, drainage, paving, line striping, and specialty finishing products like StreetPrint and DuraTherm, providing a complete solution for paving needs. The company's long-standing presence, exceeding 20 years, underscores its established market position and operational expertise.
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?
With the recent influx of capital described as a major strategic investment, Laurel Asphalt is poised for accelerated growth and enhanced service capabilities. This late-stage funding context suggests a focus on scaling operations, potentially expanding its geographic reach further, or investing in advanced paving technologies and equipment. The company's commitment to quality and its broad service portfolio position it well to capitalize on infrastructure development and commercial construction opportunities, reinforcing its role as a key player in its service regions.
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