What is Precision Asphalt?
Precision Asphalt Maintenance is a specialized 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. Renowned for its commitment to high-quality craftsmanship and the integration of advanced technology, Precision Asphalt ensures the durability and aesthetic appeal of its projects. The firm has cultivated a strong reputation as a leader in the asphalt maintenance industry, driven by a steadfast focus on customer service and operational excellence.
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 substantial large-scale late-stage funding indicates Precision Asphalt is poised for significant scaling and market penetration. This capital injection is likely to fuel strategic initiatives such as expanding service territories, upgrading technological capabilities, and potentially acquiring complementary businesses. The company's focus on quality and customer satisfaction, combined with this recent strategic investment, positions it for sustained growth and increased market share in the infrastructure and maintenance sector. Future developments may include enhanced service offerings and broader operational reach.
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