What is Precision Plumbing & Heating?
Precision Plumbing & Heating, a locally owned and operated entity since 1982, has built a robust reputation over three decades serving the Boulder and Denver regions. The company specializes in comprehensive residential services, encompassing plumbing, heating, cooling, and electrical repair and replacement. With a substantial operational footprint, including a 10,000 square foot facility, and a dedicated team of 40 technicians and 20 office staff, Precision Plumbing & Heating manages over 20,000 service calls annually. The expansion into electrical services in 2005, following the acquisition of Focus Electric, highlights a strategic growth initiative to offer a more integrated suite of home maintenance solutions.
How much funding has Precision Plumbing & Heating raised?
Precision Plumbing & Heating has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Precision Plumbing & Heating?
The company's large-scale late-stage funding context suggests a strategic pivot towards significant scaling or market consolidation. This infusion of capital is likely earmarked for enhancing operational efficiencies, expanding service territories, investing in advanced technology for service delivery, and potentially acquiring smaller competitors to solidify its market leadership. Precision Plumbing & Heating's commitment to customer service and its diversified service offerings position it well to leverage this investment for sustained growth and increased market share.
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