What is Precision Underground?
Precision Underground Utilities, LLC, established in 2006 by Jamie Nobiling, is a specialized contractor serving the State of Iowa. The company has cultivated expertise across a broad spectrum of underground utility installations, including fiber optics, water main replacement, storm sewer systems, low and high voltage power lines, and sanitary sewers. Leveraging a comprehensive suite of services such as directional drilling, cable plowing, trenching, vacuum excavation, backhoe operations, and cable pulling, Precision Underground is equipped to handle diverse project requirements. The company's capabilities extend to design and bonding, underscoring its commitment to delivering end-to-end solutions for its clients. Its growth from a small, family-oriented team to a reputable entity with high operational standards highlights its dedication to quality and client satisfaction in all underground 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 operational capacity, potentially through the acquisition of new equipment, enhancement of service offerings, and expansion into new geographic markets within or beyond Iowa. The company's focus on diverse utility infrastructure projects suggests a strategic approach to capitalizing on ongoing development and infrastructure upgrade initiatives. Precision Underground's trajectory points towards solidifying its market position and increasing its competitive edge in the underground utility contracting sector.
See full Precision Underground company page
