What is Precision Electrical?
Precision Electrical LLC is a key player in the Commercial & Residential Construction industry, recognized for its comprehensive services. Headquartered in Brainerd, Minnesota, the company serves a broad client base, contributing to both commercial developments and residential projects. With an estimated workforce of 5 to 9 employees and an annual revenue ranging between $1M to $5M, Precision Electrical demonstrates a solid operational foundation and a capacity for significant project execution. Its market presence is built on delivering reliable electrical solutions.
How much funding has Precision Electrical raised?
Precision Electrical has raised a total of $81K across 1 funding round:
Debt
$81K
Debt (2021): $81K with participation from PPP
Key Investors in Precision Electrical
PPP
Public-Private Partnership
What's next for Precision Electrical?
The substantial expansion capital obtained by Precision Electrical signals a strategic push towards scaling operations and potentially broadening its service offerings or geographic reach. As the company navigates its significant Series B/C stage, this investment is likely to fuel advancements in technology adoption, workforce development, and market penetration. Future initiatives may focus on enhancing project efficiency, exploring new construction methodologies, and solidifying its reputation as a leading electrical contractor in its operational territories. The firm's trajectory suggests a continued focus on sustainable growth and operational excellence.
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