What is Magee Excavation & Development?
Headquartered in Folsom, Louisiana, Magee Excavation & Development operates as a specialized entity within the commercial and residential construction sectors. By maintaining a lean workforce of 10 to 19 professionals, the company has demonstrated significant operational efficiency, generating annual revenues between 10M and 25M. The firm serves as a critical link in the regional supply chain, providing essential excavation and site development services that form the foundation for both private residential housing and large-scale commercial infrastructure projects.
How much funding has Magee Excavation & Development raised?
Magee Excavation & Development has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Magee Excavation & Development
PPP
Public-Private Partnership
What's next for Magee Excavation & Development?
With the recent influx of capital, Magee Excavation & Development is poised to transition into a more aggressive growth phase. The strategic allocation of these funds will likely focus on upgrading heavy machinery fleets, expanding project management capabilities, and pursuing larger municipal contracts. As the firm scales, the focus will remain on maintaining the high-quality delivery standards that have defined its reputation, while simultaneously exploring new market segments within the broader Louisiana construction ecosystem to ensure long-term fiscal sustainability.
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