What is Logi-Tec?
Established in 1983, Logi-Tec, Inc. has built a robust reputation by providing comprehensive services to demanding industrial sectors. Their expertise spans equipment and parts sales, intricate engineering solutions, manufacturing capabilities, and essential field service, with a particular focus on complex electronic and electrical systems. The company boasts an extensive catalog of over 10,000 items, covering electrical/electronic systems, control solutions, and repair services for a diverse array of equipment. Furthermore, Logi-Tec operates as a key dealer and service center for land mobile radio systems, offering integrated communication solutions. Their operational ethos prioritizes quality, ensuring the protection of both personnel and valuable capital equipment while maintaining a 24/7 service commitment.
How much funding has Logi-Tec raised?
Logi-Tec has raised a total of $309K across 2 funding rounds:
Debt
$150K
Debt
$159K
Debt (2020): $150K with participation from PPP
Debt (2021): $159K led by PPP
Key Investors in Logi-Tec
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Logi-Tec?
The recent major strategic investment signals a pivotal moment for Logi-Tec, likely enabling the company to accelerate its expansion into new markets or enhance its existing service offerings. Given its large-scale late-stage funding context, Logi-Tec is poised for significant scaling, potentially through acquisitions, technological advancements, or broadening its geographical reach. This infusion of capital will be instrumental in solidifying its competitive advantage within the mining, tunneling, aggregate, and natural gas industries, further strengthening its position as a critical service provider.
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