What is One Source Associates?
Founded in 1939 and based in Columbia, Maryland, One Source Associates specializes in providing a comprehensive range of lighting, electrical supplies, and site amenities. The company extends its offerings to include crucial services such as energy audits, energy management assessments, and advanced controls solutions. They also provide guaranteed bills of materials for Wiremold products, alongside detailed lighting design, calculations, and assessments for shading and daylighting. Furthermore, One Source Associates assists clients with LEED and other code compliance recommendations, positioning itself as a key partner for businesses focused on energy efficiency and regulatory adherence in the building and infrastructure sectors.
How much funding has One Source Associates raised?
One Source Associates has raised a total of $2.9M across 2 funding rounds:
Debt
$1M
Debt
$1.9M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.9M led by PPP
Key Investors in One Source Associates
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for One Source Associates?
The recent major strategic investment signifies a pivotal moment for One Source Associates, likely enabling expansion of its service offerings and market reach. Given the company's established history and focus on energy efficiency solutions, this capital infusion is expected to fuel innovation in sustainable lighting and electrical technologies. The enterprise-level funding suggests a strategic push towards larger-scale projects and potentially new market penetration, reinforcing its position as a leader in the industry.
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