What is Precision Engineering?
Precision Engineering is a multi-discipline engineering firm with over 18 years of experience, specializing in Control System, Instrumentation, and Electrical design services. The company serves a broad spectrum 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 leverages extensive 'hands-on' project and plant experience to deliver tailored solutions and achieve total customer satisfaction by meeting or exceeding client requirements.
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
Key Investors in Precision Engineering
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Precision Engineering?
The recent major strategic investment signals Precision Engineering's intent to further solidify its market position and potentially expand its service offerings or geographical reach. This capital infusion is expected to fuel advancements in its core competencies, enabling the company to tackle more complex projects and enhance its technological solutions. The company's focus on customer relationships and satisfaction, combined with this strategic backing, positions it for continued success and growth within the competitive engineering services sector.
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