What is Precision Underground?
Established in 2006 by Jamie Nobiling, Precision Underground has evolved from a small, family-operated business into a reputable company serving the State of Iowa. The firm specializes in a comprehensive range of underground utility services, including fiber optic installation, water main replacement, storm sewer systems, low and high voltage power infrastructure, and sanitary sewer projects. Their service portfolio is further enhanced by expertise in directional drilling, cable plowing, trenching, vacuum excavation, backhoe operations, and cable pulling. As a licensed and insured entity capable of project design and bonding, Precision Underground demonstrates a robust capacity for handling diverse infrastructure needs.
How much funding has Precision Underground raised?
Precision Underground has raised a total of $536K across 2 funding rounds:
Debt
$150K
Debt
$386K
Debt (2020): $150K with participation from PPP
Debt (2021): $386K led by PPP
What's next for Precision Underground?
The substantial enterprise-level funding and recent strategic investment indicate Precision Underground is poised for significant expansion. This capital infusion is likely to fuel advancements in their service offerings, potentially enabling the acquisition of new technologies for directional drilling or vacuum excavation, and expanding their operational footprint across Iowa and potentially neighboring regions. The company's focus on core infrastructure projects suggests a strategic direction towards solidifying its position as a key player in the utility installation market, aiming for sustained growth and enhanced project delivery capabilities.
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