What is Precision Gear?
Founded in 1970 and based in Twinsburg, Ohio, Precision Gear specializes in the custom fabrication of high-precision gears. Their product range spans diameters from 1/8 to 36 inches, catering to critical applications within both industrial and aerospace markets. The company's commitment to quality is evidenced by its ISO 9001:2008 and AS9100 Rev. C certifications, which are essential for serving demanding commercial and aerospace clients. Precision Gear positions itself as a partner for market leaders focused on safety and operational excellence, drawing on extensive manufacturing experience to deliver superior gear solutions.
How much funding has Precision Gear raised?
Precision Gear has raised a total of $4M across 2 funding rounds:
Debt
$2M
Debt
$2M
Debt (2020): $2M with participation from PPP
Debt (2021): $2M led by PPP
What's next for Precision Gear?
The recent major strategic investment signifies a pivotal moment for Precision Gear, likely enabling further expansion of its manufacturing capabilities and market reach. This capital injection is expected to support the company's growth trajectory, potentially allowing for advancements in technology, increased production capacity, and the development of new specialized gear solutions. Precision Gear's focus on high-stakes industries suggests that this funding will be strategically deployed to reinforce its competitive advantage and solidify its partnerships with key industry players.
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