What is Precision Engineering & Contracting?
Precision Engineering & Contracting, Inc. is a mid-sized specialty contractor headquartered in Northeast Ohio, established in 2001. The firm specializes in heavy civil construction and infrastructure improvement projects, encompassing site/infrastructure, heavy civil, and aquatic/park development. With a robust team of experienced professionals, Precision has a proven track record of successfully delivering over 150 public and private sector projects. Their operational ethos centers on providing high-quality construction services and management excellence at competitive price points, positioning them as a key 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 and recent strategic investment signal a pivotal growth phase for Precision Engineering & Contracting. This capital infusion is likely to fuel further expansion into larger infrastructure projects, potentially involving new geographic markets or the acquisition of advanced construction technologies. The company's focus on heavy civil and infrastructure improvements aligns with current public and private sector demands for modernized and resilient infrastructure. Future endeavors may include strategic partnerships or acquisitions to enhance capabilities and broaden service offerings, solidifying its market leadership and driving long-term value creation.
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