How Much Did Precision Mechanical Raise?
Funding & Key Investors

Precision Mechanical has secured $150K in total capital, with a recent strategic investment of $150K marking a significant milestone for the Cleveland-based commercial HVAC contractor. This latest financing round underscores the company's established presence and ongoing growth trajectory in the competitive HVAC and refrigeration sector.

What is Precision Mechanical?

Precision Mechanical
ConstructionConstruction ManagementArchitecture, Engineering & Design

Precision Mechanical, Inc. is a family-owned and operated commercial HVAC contractor with over 40 years of experience serving Northeast Ohio. The company excels in the design, installation, service, and maintenance of HVAC and refrigeration systems, with a particular emphasis on energy-efficient retrofits for a diverse commercial clientele. Their commitment to trust, integrity, and quality service has fostered long-term client relationships, evidenced by their work on prominent projects such as the Cleveland Browns Training Facility and the Cathedral of St. John the Evangelist.

How much funding has Precision Mechanical raised?

Precision Mechanical has raised a total of $150K across 1 funding round:

2020

Debt

$150K

Debt (2020): $150K with participation from PPP

What's next for Precision Mechanical?

The recent strategic investment, within the context of large-scale late-stage funding, suggests Precision Mechanical is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel advancements in their service offerings, potentially expanding their geographic reach or investing in new technologies to further their specialization in energy-efficient solutions. The company's established reputation and deep industry experience position it well to leverage this new backing for continued market leadership and innovation in commercial climate control.

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Frequently Asked Questions Regarding Precision Mechanical Financial Insights

What are the most recent funding rounds that Precision Mechanical has completed, and what were the funding rounds?
Precision Mechanical has recently completed 1 funding rounds: Debt on May 6, 2020.
What is the total amount of funding Precision Mechanical has raised to date?
Precision Mechanical has raised a total of $150K in funding to date.
How many funding rounds has Precision Mechanical completed?
Precision Mechanical has completed 1 funding rounds.
How much funding did Precision Mechanical raise in its most recent funding round?
Precision Mechanical raised $150K in its most recent funding round.
Who are the lead investors in Precision Mechanical's latest funding round?
The lead investor in Precision Mechanical's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Precision Mechanical's history?
The largest funding round in Precision Mechanical's history was $150K.
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