What is Tri-State Coating & Machine?
Tri-State Coating & Machine, based in Salt Rock, WV, is a seasoned provider of specialized hard coatings and custom machining services. With more than 27 years in operation, the company leverages advanced thermal coating technologies and a state-of-the-art facility to address severe wear challenges for a diverse clientele. Their expertise spans critical industries including marine, chemical, power generation, oil and gas, food processing, and waste water treatment, serving both OEMs and end-users. The company's commitment to quality is validated by its ISO 9001:2015 certification, ensuring efficient and high-standard service delivery.
How much funding has Tri-State Coating & Machine raised?
Tri-State Coating & Machine has raised a total of $2.1M across 2 funding rounds:
Debt
$1M
Debt
$1.1M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.1M led by PPP
Key Investors in Tri-State Coating & Machine
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Tri-State Coating & Machine?
The recent major strategic investment positions Tri-State Coating & Machine for continued growth and operational enhancement. This capital infusion is likely to support advancements in their specialized coating technologies and custom machining capabilities, potentially expanding their service offerings or market reach. Given the enterprise-level context of their total funding, the company appears to be in a mature growth phase, focusing on optimizing operations and solidifying its competitive advantage in demanding industrial sectors. Future developments may include further technological integration and strategic partnerships to maintain their leadership in wear solutions.
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