How Much Did McDal Raise?
Funding & Key Investors

McDal Corporation has secured $350K in total financing, with its most recent capital infusion amounting to $350K from a major strategic investment. This significant backing underscores the company's established presence and ongoing operational capacity within the industrial equipment and services sector.

What is McDal?

McDal
ManufacturingIndustrial Machinery & EquipmentConsumer Services

Established in 1970, McDal Corporation is a comprehensive provider of sales, service, and repair for overhead hoists and crane systems. Serving Maryland, Pennsylvania, New Jersey, and Virginia, McDal offers a full spectrum of services including repairs, load testing, inspections, on-site training, parts sales, and new/used equipment sales. The company also specializes in fabricating custom crane systems and provides professional installation services. With over 40 years as a Coffing hoist distributor and extensive industry experience, McDal operates from its King of Prussia facility, covering Eastern PA, NJ, MD, and DE, and a branch in York, PA, serving Central PA, MD, and VA. Their capabilities include in-house repairs, OSHA-compliant inspections with digital reporting, and load testing, ensuring adherence to industry standards and client requirements. McDal also maintains a large warehouse of new, used, and salvaged equipment and distributes products from major U.S. manufacturers, including Budgit hoist parts and fall protection gear.

How much funding has McDal raised?

McDal has raised a total of $350K across 1 funding round:

2020

Debt

$350K

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

Key Investors in McDal

PPP

Public-Private Partnership

What's next for McDal?

The recent major strategic investment signals a period of sustained operational strength and potential expansion for McDal Corporation. Given its large-scale late-stage funding context, the company is likely focused on optimizing its service delivery, potentially expanding its geographic reach, or investing in new equipment and technologies to maintain its competitive edge in the hoist and crane service market. This capital infusion will support its ongoing commitment to providing comprehensive material handling solutions and expert services to its established client base across multiple states.

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Frequently Asked Questions Regarding McDal Financial Insights

What are the most recent funding rounds that McDal has completed, and what were the funding rounds?
McDal has recently completed 1 funding rounds: Debt on May 13, 2020.
What is the total amount of funding McDal has raised to date?
McDal has raised a total of $350K in funding to date.
How many funding rounds has McDal completed?
McDal has completed 1 funding rounds.
How much funding did McDal raise in its most recent funding round?
McDal raised $350K in its most recent funding round.
Who are the lead investors in McDal's latest funding round?
The lead investor in McDal'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 McDal's history?
The largest funding round in McDal's history was $350K.
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