What is Mega Construction?
Mega Construction, Inc., established on July 30, 1984, is a locally owned construction firm operating exclusively on the island of Oahu. As a medium-sized enterprise, it employs approximately 35-40 individuals and generates annual revenues ranging from $7 to $9 million. The company specializes in site work, encompassing excavation, utilities, and road construction. Additionally, Mega Construction provides subcontractor services to general building contractors. A significant portion of its business is derived from governmental agencies through competitive bidding, with key clients including the State of Hawaii and the City & County of Honolulu. A smaller segment of its work involves negotiating contracts within the private industry.
How much funding has Mega Construction raised?
Mega Construction has raised a total of $795K across 2 funding rounds:
Debt
$350K
Debt
$445K
Debt (2020): $350K with participation from PPP
Debt (2021): $445K led by PPP
Key Investors in Mega Construction
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Mega Construction?
The substantial enterprise-level funding, particularly the recent strategic investment, positions Mega Construction for significant expansion and operational enhancement. This capital infusion is likely earmarked for scaling its capabilities in site work, potentially acquiring new heavy equipment, and expanding its workforce to undertake larger government contracts and private sector projects. The company's established track record with governmental agencies suggests a focus on solidifying its market share on Oahu and potentially exploring adjacent markets or service offerings. This strategic backing will be crucial for navigating the competitive bidding landscape and reinforcing its position as a key player in Hawaii's construction sector.
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