What is Rigging & Tools?
Rigging & Tools Inc., based in Bismarck, ND, is a diversified provider of essential products and services for contractors, the oil and gas industry, farmers, and ranchers. The company specializes in onsite custom manufacturing, recertification, and testing of rigging equipment, complemented by an extensive inventory of industrial tools and worksite supplies. Rigging & Tools is dedicated to delivering high-quality solutions and superior customer support to both public and industry clients within a 200-mile service radius, ensuring operational continuity for its diverse customer base.
How much funding has Rigging & Tools raised?
Rigging & Tools has raised a total of $86K across 1 funding round:
Debt
$86K
Debt (2021): $86K with participation from PPP
Key Investors in Rigging & Tools
PPP
Public-Private Partnership
What's next for Rigging & Tools?
With significant backing at what appears to be a Series B/C stage, Rigging & Tools is poised for accelerated growth and market expansion. The recent capital infusion is likely earmarked for enhancing manufacturing capabilities, broadening its product and service portfolio, and potentially extending its geographic reach beyond the current 200-mile delivery radius. Strategic investments in technology and operational efficiency can be anticipated as the company solidifies its market leadership in the industrial equipment and services sector.
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