What is REX Concrete?
REX Concrete, Inc. is a seasoned commercial flatwork contractor established in 1988 and based in the Cedar Rapids area. The company specializes in a comprehensive suite of concrete services, including parking lots, curb and gutter systems, and industrial floors. With over 35 years of operational experience, REX Concrete serves a diverse clientele, from local community projects like churches to large-scale commercial and industrial developments. Their commitment to quality is evident in their adherence to FF/FL specifications, ensuring durable and precise concrete work. Notable projects in their portfolio include the First United Methodist Church and the Logistics Park Cedar Rapids Warehouse, showcasing their capability in handling complex and significant construction endeavors.
How much funding has REX Concrete raised?
REX Concrete has raised a total of $320K across 2 funding rounds:
Debt
$150K
Debt
$170K
Debt (2020): $150K with participation from PPP
Debt (2021): $170K led by PPP
Key Investors in REX Concrete
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for REX Concrete?
The substantial large-scale late-stage funding, particularly the recent major strategic investment, positions REX Concrete for accelerated growth and market expansion. This infusion of capital is likely to support enhancements in operational capacity, technological adoption, and potentially geographic diversification. As a company with a long-standing reputation for quality and reliability, this strategic backing will enable REX Concrete to pursue larger contracts and further solidify its leadership in the commercial concrete construction industry. The company's focus on meeting stringent FF/FL specifications suggests a continued emphasis on high-quality execution as it scales.
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