What is R & R Electric?
Founded in 1986 by Ricardo Ramos, R & R Electric has evolved into a medium-sized electrical contractor possessing large-scale company capabilities. The firm offers a comprehensive suite of services, including design and build construction, fast-track construction, value engineering, electrical budgeting, conceptual estimating, and competitive firm price quotations. R & R Electric also provides specialized expertise in energy management, co-generation, and power factor correction. With a signatory agreement with the International Brotherhood of Electrical Workers, the company can draw upon a substantial labor pool, maintaining an average field crew of 70 professionals. Many employees, both in the field and administrative offices, have long tenures, contributing to the company's reputation for smooth and efficient project execution. R & R Electric holds certifications from the City of Los Angeles, Metropolitan Transportation Authority (MTA), and CalTrans as a MBE.
How much funding has R & R Electric raised?
R & R Electric has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in R & R Electric
PPP
Public-Private Partnership
What's next for R & R Electric?
The substantial enterprise-level funding and recent strategic investment position R & R Electric for significant expansion and enhanced service delivery. This capital infusion is likely to fuel advancements in their energy management and co-generation offerings, potentially allowing for larger project acquisitions and technological upgrades. The company's established expertise, combined with its certified MBE status and experienced workforce, provides a strong foundation for leveraging this new financing to solidify its market leadership in complex electrical contracting projects. Future growth may involve expanding service areas or investing in innovative electrical solutions.
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