What is Precision Electric?
Precision Electric Inc operates as a specialized entity within the Commercial and Residential Construction sector. Headquartered in Lorton, Virginia, the firm has established a reputation for technical proficiency and reliable project execution. By maintaining a lean operational structure with a dedicated team of 10 to 19 professionals, the company has successfully generated annual revenues in the range of 5M to 10M. This performance profile highlights the company's efficiency and its ability to capture significant market share in a fragmented industry, positioning it as a key player for future infrastructure and development projects.
How much funding has Precision Electric raised?
Precision Electric has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Precision Electric
PPP
Public-Private Partnership
What's next for Precision Electric?
The infusion of capital is expected to catalyze the next phase of growth for Precision Electric, particularly as it navigates the complexities of late-stage scaling. Strategic priorities likely include the expansion of its service portfolio, investment in advanced construction technologies, and the potential for geographic diversification. By utilizing this financing to bolster its balance sheet, the company is prepared to undertake larger, more complex contracts, thereby increasing its competitive advantage. As the construction industry continues to evolve toward higher efficiency and sustainability standards, Precision Electric is strategically aligned to capitalize on these emerging trends, ensuring long-term value creation for its stakeholders.
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