What is Precision Engineering?
Precision Engineering is a seasoned, multi-discipline engineering firm with over 18 years of operational history. The company specializes in Control System, Instrumentation, and Electrical design services, serving a diverse array of industries including specialty chemicals, refining, oil and gas, automotive, pharmaceutical, marine, water and wastewater, transportation, discrete manufacturing, and pulp and paper. With registered Professional Engineers in six states, Precision Engineering prides itself on its extensive 'hands-on' project and plant experience, aiming to provide optimal solutions that meet or exceed client requirements and foster total customer satisfaction.
How much funding has Precision Engineering raised?
Precision Engineering has raised a total of $2.4M across 2 funding rounds:
Debt
$1M
Debt
$1.4M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.4M led by PPP
What's next for Precision Engineering?
The recent major strategic investment signals a new phase of growth and development for Precision Engineering. This capital infusion is expected to fuel further expansion of its service offerings, enhance its technological capabilities, and potentially broaden its market reach. The company's established expertise and commitment to client success position it for continued advancement in the competitive engineering landscape.
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