How Much Did Material Service Testing Raise?
Funding & Key Investors

Material Service Testing (MST) has successfully secured a significant capital injection, bringing its total funding to $350K. This latest financing round, which accounts for $350K, underscores the firm's robust position within the competitive landscape of construction materials testing and engineering consulting. By leveraging this recent investment, the Chicago-based enterprise is well-positioned to accelerate its operational capabilities and expand its footprint in the infrastructure sector.

The infusion of capital serves as a testament to the firm's long-standing reputation as an IDOT Pre-Qualified, Minority Business Enterprise (MBE) and Disadvantaged Business Enterprise (DBE). As the company navigates its current growth trajectory, this financial backing provides the necessary liquidity to enhance its forensic material consulting services and maintain its high-standard laboratory accreditations.

What is Material Service Testing?

Material Service Testing
ConstructionArchitecture, Engineering & Design

Material Service Testing Inc. operates as a specialized engineering consulting firm and construction materials testing laboratory. Headquartered in the Chicago metropolitan area, the company provides a comprehensive suite of services including pre-construction consulting, field inspection, and forensic material analysis. MST distinguishes itself through a unique blend of technical engineering expertise and business acumen, supported by a diverse staff of certified field technicians. The firm maintains rigorous quality standards, holding accreditations from the U.S. Army Corps of Engineers, the Illinois Department of Transportation (IDOT), and the American Association of State Highway Transportation Officials (AASHTO). This technical rigor allows MST to deliver innovative solutions for complex infrastructure projects, ensuring compliance and structural integrity across its client portfolio.

How much funding has Material Service Testing raised?

Material Service Testing has raised a total of $350K across 1 funding round:

2020

Debt

$350K

Debt (2020): $350K with participation from PPP

Key Investors in Material Service Testing

PPP

Public-Private Partnership

What's next for Material Service Testing?

With the recent strategic investment, Material Service Testing is poised to scale its service offerings and deepen its market penetration within the Midwest infrastructure market. The firm is expected to prioritize the modernization of its laboratory facilities and the expansion of its highly trained technical workforce. By capitalizing on its status as a certified MBE and DBE, MST is strategically aligned to capture increased demand for public works projects that require specialized engineering oversight. Future growth will likely focus on integrating advanced forensic material consulting techniques to address the evolving needs of large-scale construction clients, thereby reinforcing its competitive advantage in the materials engineering sector.

See full Material Service Testing company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Construction industry

Construction ManagementConstructionManufacturingIndustrial Machinery & Equipment
Construction ManagementConstruction
Construction ManagementConstruction
Construction ManagementConstructionConsumer ServicesRepair Services

Frequently Asked Questions Regarding Material Service Testing Financial Insights

What are the most recent funding rounds that Material Service Testing has completed, and what were the funding rounds?
Material Service Testing has recently completed 1 funding rounds: Debt on Apr 10, 2020.
What is the total amount of funding Material Service Testing has raised to date?
Material Service Testing has raised a total of $350K in funding to date.
How many funding rounds has Material Service Testing completed?
Material Service Testing has completed 1 funding rounds.
How much funding did Material Service Testing raise in its most recent funding round?
Material Service Testing raised $350K in its most recent funding round.
Who are the lead investors in Material Service Testing's latest funding round?
The lead investor in Material Service Testing'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 Material Service Testing's history?
The largest funding round in Material Service Testing's history was $350K.
See more information about Material Service Testing