What is Scurlock Electric?
Established in 1980 and family-owned, Scurlock Electric is a key supplier of electrical parts headquartered in South Louisiana, with an operational footprint extending to Houston, Texas. The company has carved a niche by providing comprehensive electrical solutions tailored for the demanding requirements of the Navy and Commercial Marine industries, alongside critical support for the burgeoning Offshore Wind Industry. Their product catalog encompasses a wide array of high-quality electrical components designed for marine, oil field, and industrial applications, emphasizing reliability and operational efficiency for clients in challenging environments.
How much funding has Scurlock Electric raised?
Scurlock Electric has raised a total of $845K across 2 funding rounds:
Debt
$350K
Debt
$495K
Debt (2020): $350K with participation from PPP
Debt (2021): $495K led by PPP
Key Investors in Scurlock Electric
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Scurlock Electric?
The recent major strategic investment signals a pivotal moment for Scurlock Electric, likely enabling further expansion of its service capabilities and market reach. This capital infusion is expected to bolster its capacity to serve its core sectors, including the U.S. Navy, commercial maritime operations, and the rapidly growing offshore wind energy market. Strategic deployment of these funds could facilitate technological advancements, supply chain enhancements, and potentially geographic expansion, reinforcing Scurlock Electric's position as a leading provider of specialized electrical solutions.
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