What is Tri Tool?
Tri Tool, founded in 1972 and headquartered in Rancho Cordova, California, is a prominent designer, manufacturer, seller, and renter of precision portable machine tools. The company's comprehensive product portfolio includes specialized equipment for pipe beveling, tube squaring and severing, clamshells for in-line cutting, single-point machining systems, flange facing equipment, and welding systems. Beyond its core product offerings, Tri Tool also produces heavy-duty pipeline machinery and provides critical services such as custom machinery design and manufacturing, onsite machining, and welding. The company's reach extends to onsite construction and field/shop maintenance services, catering to a diverse clientele across energy generation, petroleum, chemical, paper and pulp, pharmaceutical, aerospace, food processing, government, oil and gas, new construction and maintenance, shipping, and decommissioning industries. With an additional location in Atlanta, Georgia, Tri Tool demonstrates a robust operational footprint.
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
What's next for Tri Tool?
The recent major strategic investment signifies a pivotal moment for Tri Tool, likely enabling further expansion of its manufacturing capabilities, enhancement of its rental fleet, and broader market penetration. Given the company's extensive history and diverse service offerings, this capital infusion is expected to fuel advancements in its precision portable machine tool technology and potentially support the development of new solutions for the demanding industries it serves. The focus on strategic investment suggests a long-term vision for growth and market leadership, possibly involving acquisitions or deeper integration into key supply chains within the energy and industrial sectors.
See full Tri Tool company page
