What is Sullivan Precision Plate?
Sullivan Precision Plate is a veteran plate center with over five decades of operational experience, strategically located in the Midwest. The company distinguishes itself through a comprehensive suite of processing capabilities, including precision grinding, advanced oxy-fuel cutting, and high-definition plasma cutting. Their commitment to fast and dependable plate services extends nationwide, catering to a diverse industrial clientele requiring precise materials for fabrication and rapid turnaround times. Services also encompass blanchard grinding, stress relieving, and shot blasting, ensuring adherence to stringent quality and efficiency standards.
How much funding has Sullivan Precision Plate raised?
Sullivan Precision Plate has raised a total of $975K across 2 funding rounds:
Debt
$350K
Debt
$625K
Debt (2020): $350K with participation from PPP
Debt (2021): $625K led by PPP
Key Investors in Sullivan Precision Plate
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Sullivan Precision Plate?
The recent major strategic investment signals a new phase of growth and operational enhancement for Sullivan Precision Plate. This capital infusion is expected to bolster their capacity to serve a national market, potentially through expanding processing capabilities, upgrading technology, or increasing logistical reach. The company's long-standing expertise and broad service offering position it for continued success in the competitive industrial materials sector, leveraging this financing to solidify its market leadership and explore new avenues for development.
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