What is Mathiowetz Construction?
Founded in 1924 and now led by its fourth generation of leadership, Mathiowetz Construction stands as a premier excavation contractor in Minnesota. With a workforce of 160 employees, the company demonstrates substantial operational capacity, moving up to 7.0 million cubic yards of dirt annually. Its commitment to safety is paramount, ensuring employees return home safely each day. The company leverages a fleet of over 300 heavy equipment units to execute high-quality projects for a diverse clientele. This customer base includes public sector entities such as Cities, Counties, and the Minnesota Department of Transportation (Mn DOT), alongside private owners, landfills, and major commercial firms. Mathiowetz Construction's service portfolio encompasses grading, on-site expansions, road and street construction, airport development, ethanol plants, grain terminals, and water retention projects. Beyond core excavation and grading, the company also provides aggregates, hauling, and crane services, complemented by a robust network of subcontractors to deliver comprehensive civil site packages.
How much funding has Mathiowetz Construction raised?
Mathiowetz Construction has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in Mathiowetz Construction
PPP
Public-Private Partnership
Undisclosed Investor
An undisclosed investor participated in this funding round, suggesting a strategic partner focused on the company's long-term growth and operational capabilities.
Undisclosed Investor
Another undisclosed investor contributed to the financing, highlighting broad confidence in Mathiowetz Construction's market position and future prospects.
What's next for Mathiowetz Construction?
The substantial enterprise-level funding and strategic investment received by Mathiowetz Construction signal a robust outlook for continued growth and operational expansion. This capital infusion is likely to support the acquisition of advanced heavy equipment, enhance technological integration in project management, and potentially broaden the company's geographic reach or service offerings. Given its long history and established reputation, the company is well-positioned to undertake increasingly complex and large-scale civil engineering projects, further solidifying its leadership in the Minnesota construction market. The focus on safety and operational efficiency, combined with strategic capital allocation, suggests a sustained commitment to delivering high-quality infrastructure solutions.
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