What is Riley?
Established in 1933 during the Great Depression, Riley, Inc. has evolved from a small plumbing and heating service founded by Charles D. Riley into a multi-generational family business. With a current workforce of 13 Master, Journeyman, and apprentice plumbers operating nine service vans, the company has consistently served its customer base in the Altoona area. The transition to a fourth generation of leadership underscores its enduring legacy and commitment to the trade.
How much funding has Riley raised?
Riley has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Riley
PPP
Public-Private Partnership
What's next for Riley?
The recent large-scale, late-stage funding marks a pivotal moment for Riley, indicating a strategic push for expansion or modernization. This significant investment, characterized as a major strategic financing, suggests the company is poised to leverage new capital for growth initiatives, potentially enhancing its service offerings, expanding its operational footprint, or adopting new technologies to maintain its competitive edge in the plumbing and heating industry.
See full Riley company page
