What is Precision Engineering & Contracting?
Precision Engineering & Contracting, Inc. is a mid-sized specialty contractor headquartered in Northeast Ohio, with a robust track record since its founding in 2001. The company specializes in heavy civil construction, site/infrastructure development, and aquatic/park improvements. With a comprehensive team of project managers, estimators, engineers, and field personnel, Precision has successfully executed over 150 public and private sector projects. Their operational ethos centers on delivering high-quality construction services and exceptional management while maintaining competitive pricing, positioning them as a significant player in regional infrastructure development.
How much funding has Precision Engineering & Contracting raised?
Precision Engineering & Contracting has raised a total of $2.1M across 2 funding rounds:
Debt
$1M
Debt
$1.1M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.1M led by PPP
Key Investors in Precision Engineering & Contracting
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Precision Engineering & Contracting?
The substantial enterprise-level funding, particularly the recent strategic investment, suggests Precision Engineering & Contracting is poised for significant expansion or major project acquisition. This capital infusion will likely support the scaling of operations, investment in advanced construction technologies, and potentially the pursuit of larger, more complex infrastructure projects. The company's established history and focus on quality suggest a strategic deployment of these resources to further solidify its market leadership and pursue growth opportunities within the heavy civil and infrastructure sectors.
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