What is Pro-Test?
Established in May 2000 by brothers Steve and Haskell Stidham, Pro-Test is a professional pipe testing business. Originating from a backyard operation in Big Sandy, Texas, the company has evolved significantly, now operating with multiple locations and a fleet of testing trucks. The name 'Pro-Test' itself signifies Professional Pipe Testing, reflecting the core service offered since its inception. The company's journey began with the refurbishment of its first test and tank trucks, with early operations conducted by Steve Stidham and his son Brandon Stidham, and Steven Stidham operating the initial tank truck. This foundational period set the stage for Pro-Test's expansion and its current operational scale.
How much funding has Pro-Test raised?
Pro-Test has raised a total of $373K across 2 funding rounds:
Debt
$150K
Debt
$223K
Debt (2020): $150K with participation from PPP
Debt (2021): $223K led by PPP
Key Investors in Pro-Test
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Pro-Test?
The recent major strategic investment, within the context of large-scale late-stage funding, suggests Pro-Test is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel further development of its service offerings, potentially through technological advancements in pipe testing equipment or the expansion of its geographic reach. The company's established history and clear focus on professional pipe testing provide a solid foundation for leveraging this new financing to solidify its market position and pursue new growth opportunities.
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