How Much Did Local Union 188 Raise?
Funding & Key Investors

Local Union 188 has successfully secured a significant capital injection, bringing its cumulative financial backing to $428K. This latest major strategic investment of $278K underscores the organization's robust operational scale and its critical role in the Georgia construction and infrastructure landscape. By leveraging these debt-based financing instruments, the union continues to fortify its position as a premier provider of skilled labor, ensuring that its membership of nearly 600 professionals remains at the forefront of the plumbing, pipefitting, and HVACR sectors.

What is Local Union 188?

Local Union 188
OrganizationsMembership Organizations

Operating as a cornerstone of the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry, Local Union 188 represents a legacy of over 120 years in professional trade representation. The organization functions as a vital nexus for union-trained plumbers, pipefitters, and welders, providing the essential infrastructure for high-quality craftsmanship across residential, commercial, and industrial project domains. By maintaining rigorous training standards and comprehensive member benefits, the union effectively bridges the gap between skilled labor supply and the increasing demand for specialized technical services in the modern construction economy.

How much funding has Local Union 188 raised?

Local Union 188 has raised a total of $428K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$278K

Debt (2020): $150K with participation from PPP

Debt (2021): $278K led by PPP

Key Investors in Local Union 188

PPP

Public-Private Partnership

What's next for Local Union 188?

With this recent infusion of capital, Local Union 188 is well-positioned to scale its training initiatives and expand its influence within the regional labor market. The strategic allocation of these funds will likely focus on enhancing technical certification programs and upgrading equipment to meet the evolving requirements of industrial projects. As the construction sector faces ongoing labor shortages, the union's ability to maintain a pipeline of highly skilled technicians will be a key driver of its long-term growth. Future efforts will likely prioritize the integration of advanced HVACR technologies and sustainable building practices, ensuring that the union remains a competitive and indispensable partner for contractors and developers throughout Georgia.

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Frequently Asked Questions Regarding Local Union 188 Financial Insights

What are the most recent funding rounds that Local Union 188 has completed, and what were the funding rounds?
Local Union 188 has recently completed 2 funding rounds: Debt on Jan 27, 2021, Debt on Apr 5, 2020.
What is the total amount of funding Local Union 188 has raised to date?
Local Union 188 has raised a total of $428K in funding to date.
How many funding rounds has Local Union 188 completed?
Local Union 188 has completed 2 funding rounds.
How much funding did Local Union 188 raise in its most recent funding round?
Local Union 188 raised $278K in its most recent funding round.
Who are the lead investors in Local Union 188's latest funding round?
The lead investor in Local Union 188's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Local Union 188's history?
The largest funding round in Local Union 188's history was $278K.
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