What is Tri Tool?
Founded in 1972 and headquartered in Rancho Cordova, California, Tri Tool Inc. specializes in the design, manufacturing, sale, and rental of precision portable machine tools. Their comprehensive product line includes pipe beveling, tube squaring and severing machines, clamshells for in-line cutting, single point machining systems, flange facing equipment, and welding systems. Beyond manufacturing, Tri Tool also produces heavy-duty pipeline machinery and offers custom machinery design, onsite machining, welding services, construction, and field and shop maintenance. The company serves a diverse range of critical industries, including energy generation, petroleum, chemical, pharmaceutical, aerospace, food processing, government, oil and gas, new construction and maintenance, shipping, and decommissioning.
How much funding has Tri Tool raised?
Tri Tool has raised a total of $4M across 2 funding rounds:
Debt
$2M
Debt
$2M
Debt (2020): $2M with participation from PPP
Debt (2021): $2M led by PPP
Key Investors in Tri Tool
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Tri Tool?
The recent major strategic investment signals a pivotal moment for Tri Tool, likely enabling expansion of its manufacturing capabilities, further development of its advanced portable machining technologies, and potentially broadening its service offerings. This capital infusion is expected to bolster its position in key industrial sectors, facilitating greater market penetration and supporting its ongoing commitment to providing specialized solutions for complex operational challenges in the field and shop.
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