What is Stout Construction?
Stout Construction Inc., operating since 1981, is a comprehensive marine contracting firm specializing in services for both residential and commercial sectors. Located on Long Island, NY, the company has built a reputation for its expertise in seawall construction, stationary and floating dock building, dredging, pile foundations, and pile driving. Led by Robert Brandt and William Marquardt, Stout Construction emphasizes timely and professional project completion, aiming for 100% customer satisfaction. Their service area encompasses key coastal communities, highlighting their deep integration into the local infrastructure and maritime development landscape.
How much funding has Stout Construction raised?
Stout Construction has raised a total of $471K across 2 funding rounds:
Debt
$150K
Debt
$321K
Debt (2020): $150K with participation from PPP
Debt (2021): $321K led by PPP
What's next for Stout Construction?
The recent major strategic investment, within the context of large-scale late-stage funding, suggests Stout Construction is poised for significant expansion or operational enhancement. This capital infusion is likely to bolster its capacity to undertake larger projects, invest in advanced marine contracting technologies, or expand its service offerings. As a well-established entity in the marine construction sector, this financial backing will enable Stout Construction to further solidify its market leadership and pursue new growth opportunities in the dynamic coastal development market.
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