What is Precision Asphalt?
Precision Asphalt Maintenance operates as a specialized provider of comprehensive asphalt paving and repair solutions. The firm serves a diverse clientele, ranging from commercial enterprises to residential property owners, with a service portfolio that encompasses paving, seal coating, line striping, and long-term maintenance. By integrating advanced paving technology with a commitment to high-quality craftsmanship, the company has established itself as a trusted authority in the asphalt industry. Their market position is defined by a focus on durability and aesthetic precision, which has allowed them to scale effectively across Idaho, Wyoming, and Utah.
How much funding has Precision Asphalt raised?
Precision Asphalt has raised a total of $404K across 2 funding rounds:
Debt
$150K
Debt
$254K
Debt (2020): $150K with participation from PPP
Debt (2021): $254K led by PPP
Key Investors in Precision Asphalt
PPP
Public-Private Partnership
What's next for Precision Asphalt?
With this recent capital allocation, Precision Asphalt is poised to accelerate its growth trajectory through enhanced operational capacity and technological integration. The firm is expected to focus on scaling its service delivery models to meet the increasing demand for infrastructure maintenance in the Intermountain West. By optimizing its supply chain and investing in advanced paving equipment, the company aims to maintain its competitive edge while exploring new regional markets. This late-stage financial backing provides the necessary liquidity to sustain long-term infrastructure projects and reinforce the company's reputation for reliability and technical excellence in the asphalt maintenance space.
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