What is Modine Contracting?
Modine Contracting Corp. is a seasoned provider of interior and exterior painting services, operating since 1985. The company specializes in catering to commercial clients across the NY/Tri-State area. Their service portfolio encompasses a broad spectrum of offerings, including plastering, wallpaper removal, and fireproofing. Modine Contracting is recognized for its efficient workflow and unwavering commitment to delivering high-quality workmanship, consistently meeting project deadlines and budget requirements. Their experienced team is dedicated to professional and meticulous service delivery, fostering high levels of client satisfaction.
How much funding has Modine Contracting raised?
Modine Contracting has raised a total of $357K across 2 funding rounds:
Debt
$150K
Debt
$207K
Debt (2020): $150K with participation from PPP
Debt (2021): $207K led by PPP
What's next for Modine Contracting?
The substantial capital infusion, particularly the recent strategic investment, positions Modine Contracting for significant growth and market consolidation. As a large-scale, late-stage company, the focus is likely on scaling operations, potentially through geographic expansion within the NY/Tri-State region or by broadening their service offerings to adjacent commercial property maintenance sectors. This financing will enable further investment in operational efficiencies, technology adoption for project management, and strengthening their skilled workforce to meet increasing demand. The company is poised to leverage this backing to solidify its reputation as a premier painting and finishing contractor.
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