What is Magic Industries?
Magic Industries, Inc. is a specialized oilfield facility headquartered in Texas, offering comprehensive repair, sales, service, and CNC machining for a wide array of clients. The company's expertise spans hydraulic pumps, precision instrumentation, and hydraulic and iron roughneck equipment. Operating from a state-of-the-art repair and testing facility, Magic Industries ensures high standards of accuracy and safety in all its operations, complemented by custom machining solutions. Their ISO 9001:2015 certification highlights a steadfast commitment to delivering quality parts and services, positioning them as a reliable partner in the oilfield services industry.
How much funding has Magic Industries raised?
Magic Industries has raised a total of $699K across 1 funding round:
Debt
$699K
Debt (2021): $699K with participation from PPP
What's next for Magic Industries?
The recent major strategic investment indicates Magic Industries is poised for significant expansion and operational enhancement. This capital infusion is likely to fuel advancements in their repair capabilities, potentially broaden their service offerings, and strengthen their market position. The company's focus on quality and precision, as evidenced by its ISO certification, suggests a strategic direction aimed at capturing larger enterprise-level contracts and solidifying its reputation for excellence in the competitive oilfield sector.
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