How Much Did Facility Engineering Services Raise?
Funding & Key Investors

Facility Engineering Services, a Maryland-based provider of Building Automation Systems, HVAC, and technology services, has secured $1.3M in total funding, with a recent $968K injection described as a major strategic investment. This enterprise-level financing underscores the company's established presence and ongoing operational needs within the building technology sector.

The company's funding history, primarily consisting of debt financing, indicates a focus on operational capital and strategic resource allocation rather than equity-based growth rounds. The most recent financing event occurred on February 11, 2021.

What is Facility Engineering Services?

Facility Engineering Services
ConstructionConstruction ManagementArchitecture, Engineering & Design

Founded in 1989 by industry veterans, Facility Engineering Services specializes in delivering responsive, technology-driven solutions for building owners and operators. The company offers comprehensive Building Automation Systems, HVAC services, and technology integration, serving a diverse portfolio of clients across various sectors including healthcare, education, and government. A significant aspect of its credibility stems from its long-standing partnership with Andover Controls, a major manufacturer in the Building Automation Systems market, which designated Facility Engineering as its Certified Representative for Maryland over three decades ago. The company's expertise is demonstrated through successful projects for prominent clients such as Johns Hopkins Hospital and University, and the Department of the Army, with project scopes ranging from $25,000 to $4,000,000. Facility Engineering also operates a dedicated mechanical service division, providing critical HVAC, chiller, cooling tower, and boiler services across Maryland.

How much funding has Facility Engineering Services raised?

Facility Engineering Services has raised a total of $1.3M across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$968K

Debt (2020): $350K with participation from PPP

Debt (2021): $968K led by PPP

Key Investors in Facility Engineering Services

PPP

Public-Private Partnership

PPP

Public-Private Partnership

Undisclosed Investors

Undisclosed Investors

What's next for Facility Engineering Services?

The recent strategic investment, characterized as enterprise-level funding, suggests Facility Engineering Services is poised for continued operational strength and potentially the expansion of its service capabilities. Given the company's history of debt financing and its focus on essential building services like HVAC and automation, this capital likely supports ongoing infrastructure upgrades, fleet maintenance for its responsive service technicians, and the procurement of advanced technologies to maintain its competitive edge. The company's emphasis on 'perfection with integrity' and its deep technical expertise, honed over three decades, positions it to capitalize on the increasing demand for efficient and reliable building management systems in commercial and institutional facilities.

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Frequently Asked Questions Regarding Facility Engineering Services Financial Insights

What are the most recent funding rounds that Facility Engineering Services has completed, and what were the funding rounds?
Facility Engineering Services has recently completed 2 funding rounds: Debt on Feb 11, 2021, Debt on Apr 8, 2020.
What is the total amount of funding Facility Engineering Services has raised to date?
Facility Engineering Services has raised a total of $1.3M in funding to date.
How many funding rounds has Facility Engineering Services completed?
Facility Engineering Services has completed 2 funding rounds.
How much funding did Facility Engineering Services raise in its most recent funding round?
Facility Engineering Services raised $968K in its most recent funding round.
Who are the lead investors in Facility Engineering Services's latest funding round?
The lead investor in Facility Engineering Services's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Facility Engineering Services's history?
The largest funding round in Facility Engineering Services's history was $968K.
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