INDEX
Marion Engineering and Technology breadcrumbs-arrow Marion Engineering and Technology Financial Insights

How Much Did Marion Engineering and Technology Raise?
Funding & Key Investors

Marion Engineering and Technology has successfully secured a major strategic investment, bringing its total capital accumulation to $427K. This latest infusion of $277K underscores the firm's robust position within the industrial manufacturing sector, reflecting a sustained trajectory of growth and operational maturity. By leveraging this recent financing, the company is well-positioned to enhance its specialized engineering capabilities and expand its footprint in high-maintenance industrial markets.

The capital injection serves as a critical milestone for the Indiana-based entity, which has evolved from its origins as a division of Greene Line Manufacturing into a standalone powerhouse of machine fabrication and process automation. This financial backing validates the company's long-term strategy of providing bespoke machinery and emergency maintenance support to complex industrial environments.

What is Marion Engineering and Technology?

Marion Engineering and Technology
ManufacturingIndustrial Machinery & EquipmentArchitecture, Engineering & Design

Marion Engineering and Technology (MET) operates as a sophisticated general machine, fabrication, and electrical shop headquartered in Marion, Indiana. With a legacy spanning over four decades, the firm specializes in the design and construction of unique, one-of-a-kind machinery tailored to automate industrial processes and drive cost efficiencies. MET serves a diverse client base, with a primary market niche in the corrugated cardboard, paper, and glass industries, alongside heavy-duty sectors such as foundries and mills. Beyond custom machine building, the company provides essential engineering services, hydraulic cylinder manufacturing, and comprehensive electrical maintenance support, positioning itself as an indispensable partner for manufacturing operations requiring high-reliability equipment and rapid repair solutions.

How much funding has Marion Engineering and Technology raised?

Marion Engineering and Technology has raised a total of $427K across 2 funding rounds:

2020

Debt

$150K

2021

Debt

$277K

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

Debt (2021): $277K led by PPP

Key Investors in Marion Engineering and Technology

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Marion Engineering and Technology?

With the recent influx of capital, Marion Engineering and Technology is poised to accelerate its strategic initiatives focused on scaling its automation product lines and deepening its service offerings. The company is expected to prioritize the modernization of its fabrication facilities and the expansion of its engineering team to meet the rising demand for custom process automation. By focusing on the corrugated and glass manufacturing sectors, MET aims to solidify its market leadership through technological innovation and enhanced service delivery. This late-stage funding provides the necessary liquidity to pursue operational efficiencies and potentially explore new market segments that require high-maintenance, specialized machinery, ensuring the company remains at the forefront of industrial engineering excellence.

See full Marion Engineering and Technology company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Manufacturing industry

GLI Pool Products
ManufacturingPlastic, Packaging & ContainersHousehold Goods
PFC Brakes
Automotive PartsManufacturing
New Glarus Brewing
Food & BeverageManufacturingRetailConvenience Stores, Gas Stations & Liquor Stores
Formost Fuji
Industrial Machinery & EquipmentManufacturing

Frequently Asked Questions Regarding Marion Engineering and Technology Financial Insights

What are the most recent funding rounds that Marion Engineering and Technology has completed, and what were the funding rounds?
Marion Engineering and Technology has recently completed 2 funding rounds: Debt on Jan 22, 2021, Debt on Apr 8, 2020. What is the total amount of funding Marion Engineering and Technology has raised to date?
Marion Engineering and Technology has raised a total of $427K in funding to date. How many funding rounds has Marion Engineering and Technology completed?
Marion Engineering and Technology has completed 2 funding rounds. How much funding did Marion Engineering and Technology raise in its most recent funding round?
Marion Engineering and Technology raised $277K in its most recent funding round. Who are the lead investors in Marion Engineering and Technology's latest funding round?
The lead investor in Marion Engineering and Technology'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 Marion Engineering and Technology's history?
The largest funding round in Marion Engineering and Technology's history was $277K.
See more information about Marion Engineering and Technology

Test Drive ZoomInfo's Directories

Browse Directories

Most Searched Industries

Construction Law Firms & Legal Services Business Services Finance Manufacturing Agriculture Software Accounting & Accounting Services Retail Healthcare Energy, Utilities & Waste Treatment Telecommunications Transportation Real Estate
People SearchCompany Search