What is Magic Industries?
Magic Industries, Inc. is a specialized oilfield facility headquartered in Texas, offering comprehensive repair, sales, service, and CNC machining for a wide array of clients. The company's expertise spans hydraulic pumps, precision instrumentation, and hydraulic and iron roughneck equipment. Operating from a state-of-the-art repair and testing facility, Magic Industries ensures high standards of accuracy and safety in its services, complemented by custom machining solutions. Their ISO 9001:2015 certification highlights a steadfast commitment to delivering quality parts and services, positioning them as a reliable partner in the oilfield services industry.
How much funding has Magic Industries raised?
Magic Industries has raised a total of $699K across 1 funding round:
Debt
$699K
Debt (2021): $699K with participation from PPP
Key Investors in Magic Industries
PPP
Public-Private Partnership
What's next for Magic Industries?
The recent major strategic investment indicates a pivotal moment for Magic Industries, likely signaling a phase of accelerated growth and operational enhancement. This capital infusion is expected to fuel advancements in their service offerings, potentially expanding their CNC machining capabilities or upgrading their repair and testing infrastructure. The company's focus on quality and precision, evidenced by its ISO certification, suggests that future investments will likely be directed towards solidifying its market leadership and exploring new technological frontiers within the oilfield equipment sector.
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