What is Hanlon Electric?
Established in 1930, Hanlon Electric is a third-generation, family-owned business specializing in comprehensive electrical contracting services. The company serves a diverse clientele across commercial office buildings, hospitals, data centers, and nonprofit institutions, focusing on both new construction and renovation projects. Hanlon Electric also demonstrates a commitment to sustainable energy solutions, offering expertise in solar installations and electric vehicle charging station deployment, alongside robust data and communications system integration. Their client base spans commercial, industrial, educational, medical, and nonprofit organizations, highlighting their broad capabilities and market reach.
How much funding has Hanlon Electric raised?
Hanlon Electric has raised a total of $1.2M across 2 funding rounds:
Debt
$350K
Debt
$873K
Debt (2020): $350K with participation from PPP
Debt (2021): $873K led by PPP
What's next for Hanlon Electric?
The substantial enterprise-level funding, particularly the recent strategic investment, positions Hanlon Electric for significant growth and expansion. This capital injection is likely to fuel advancements in their clean energy solutions, such as solar and EV charging infrastructure, and potentially enhance their capabilities in data center electrical systems. The company's deep-rooted history combined with its forward-looking approach to sustainable technologies suggests a strategic focus on capturing a larger share of the commercial and industrial electrical contracting market, particularly in areas demanding specialized expertise and reliable execution.
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