What is Rig-Tech?
Rig-Tech is a specialized service company focused on the troubleshooting, repair, and new construction of control systems, as well as the service and maintenance of pneumatic, hydraulic, and electronic instrumentation packages. The company distinguishes itself by providing highly trained and qualified service personnel capable of executing complex technical tasks in the field. Beyond its core service offerings, Rig-Tech also provides equipment rental, including specialized tools, and NDT Inspection Services. Central to Rig-Tech's operational philosophy is a customer-centric culture, dedicated to identifying and delivering optimal service options and solutions tailored to exact client needs. The company emphasizes rapid-response capabilities, leveraging its extensive service expertise and resources to act as a valuable asset to its clients, ensuring personal service and professional care.
How much funding has Rig-Tech raised?
Rig-Tech has raised a total of $603K across 2 funding rounds:
Debt
$350K
Debt
$253K
Debt (2020): $350K with participation from PPP
Debt (2021): $253K led by PPP
Key Investors in Rig-Tech
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Rig-Tech?
The recent major strategic investment signifies a pivotal moment for Rig-Tech, likely enabling the company to scale its operations, enhance its service capabilities, and potentially expand its market reach. This infusion of capital is expected to fuel further development in its core areas of control systems and instrumentation services, as well as support its equipment rental and NDT inspection divisions. Rig-Tech's commitment to customer value and its agile, solutions-oriented approach position it for continued growth and a strengthened competitive advantage in the industrial services sector.
See full Rig-Tech company page
