What is Precision Asphalt?
Precision Asphalt Maintenance is a prominent provider of comprehensive asphalt paving and repair services, serving the Wasatch Front region and extending its reach into Idaho and Wyoming. The company's service portfolio encompasses asphalt maintenance, repair, paving, seal coating, and line striping, catering to a diverse clientele of commercial and residential customers. Precision Asphalt is recognized for its commitment to delivering high-quality craftsmanship, leveraging advanced technology to ensure the durability and aesthetic appeal of its asphalt solutions. Its established reputation as a leader in the asphalt maintenance industry is built upon a foundation of superior customer service and reliable execution.
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
PPP
Public-Private Partnership
What's next for Precision Asphalt?
The recent large-scale late-stage funding signifies Precision Asphalt's readiness for accelerated growth and market consolidation. This strategic investment is poised to enable the company to enhance its operational capabilities, potentially expand its geographic footprint, and invest in advanced paving technologies. The focus on strategic capital suggests an intent to solidify its market leadership and pursue new opportunities within the infrastructure and commercial development sectors. Precision Asphalt is well-positioned to capitalize on its strong market presence and the recent influx of financing to drive future expansion and innovation.
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