What is Sparwick Contracting?
Sparwick Contracting, Inc. is a prominent heavy construction firm headquartered in Lafayette, New Jersey, established in 1993. The company has cultivated a strong reputation for successfully executing projects for both public and private entities, consistently meeting deadlines and budget requirements. The Fagersten family, with Richard Fagersten as the founder and current project manager, owns and operates the business. In 2014, Richard's sons, Brian Fagersten (President) and Mark Fagersten (Vice President), acquired the company, continuing its legacy of operational excellence. Sparwick operates as a union shop, collaborating with various labor unions including laborers, dock builders, operating engineers, carpenters, and ironworkers.
How much funding has Sparwick Contracting raised?
Sparwick Contracting has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in Sparwick Contracting
PPP
Public-Private Partnership
What's next for Sparwick Contracting?
The recent major strategic investment signals a new phase of growth and operational enhancement for Sparwick Contracting. This capital infusion is likely to support the expansion of its heavy construction capabilities, potentially enabling the company to undertake larger-scale public infrastructure projects and private developments. The company's long-standing relationships with public and private owners, combined with its unionized workforce, position it favorably to leverage this new financing for increased market share and project diversification.
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