About PennEngineering
PennEngineering is a company based in Doylestown (United States) founded in 1942. PennEngineering has raised $62.04 million across 1 funding round. The company has 766 employees as of December 31, 2021. PennEngineering has completed 5 acquisitions, including Fabristeel, Heyco and LinkTool Group. PennEngineering operates in a competitive market with competitors including Hillman Group, Deepak Fasteners, ForgeFix, Arrow Fastener and Hall-Fast, among others.
- Headquarter Doylestown, United States
- Employees 766 as on 31 Dec, 2021
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Sectors
Real Estate & Construction
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$62.04 M (USD)
in 1 rounds
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Latest Funding Round
$62.04 M (USD), Series D
Jun 27, 2018
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Investors
Not available
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Employee Count
766
as on Dec 31, 2021
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Investments & Acquisitions
Fabristeel
& 4 more
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People of PennEngineering
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Software Development Team
16 people
Sales and Marketing
13 people
Human Resources and Administration
9 people
Finance and Accounting
7 people
Leadership Team
4 people
Legal and Compliance
3 people
Data Analysis and Operations Team
2 people
Business Team
2 people
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Funding Insights of PennEngineering
PennEngineering has successfully raised a total of $62.04M through 1 strategic funding round. The most recent funding activity was a Series D round of $62.04 million completed in June 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investments & Acquisitions by PennEngineering
PennEngineering has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include Fabristeel, Heyco and LinkTool Group.
Investment portfolio details for PennEngineering
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Industrial tool manufacturing services are provided to various sectors.
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Locked | Locked | 1978 | Locked | |
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Automotive fasteners are manufactured by Sherex in the United States.
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Locked | Locked | 1978 | Locked | |
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Manufacturer and supplier of quick release pins
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Locked | Locked | 1972 | Locked |
Complete acquisition details for PennEngineering
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Financial Statements - PennEngineering
Detailed financials for PennEngineering
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Pennengineering Comparisons
Peer comparison for PennEngineering
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Competitors of PennEngineering
PennEngineering operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hillman Group, Deepak Fasteners, ForgeFix, Arrow Fastener and Hall-Fast, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Hardware and home improvement products are supplied to retail markets.
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High-strength industrial fasteners, such as bolts and screws, are manufactured.
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| Locked | Locked | Locked |
Fixings and fasteners are supplied by ForgeFix to construction sectors.
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| Locked | Locked | Locked |
Brand of stapling tools and fasteners
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Manufactures and supplies fasteners, clips, hose clamps, seals and other equipment
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Detailed competitors of PennEngineering
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Latest news on Pennengineering
Complete news archive for PennEngineering
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Frequently Asked Questions about PennEngineering
PennEngineering was founded in 1942 and raised its 1st funding round 76 years after it was founded.
PennEngineering is headquartered in Doylestown, United States. It is registered at Doylestown, Pennsylvania, United States.
PennEngineering is a funded company, having raised a total of $62.04M across 1 funding round to date.
As of Dec 31, 2021, the latest employee count at PennEngineering is 766.
PennEngineering was established in 1942 as a manufacturer in the fasteners sector. Operations are centered in Doylestown, United States, where precision fastening solutions are produced for electronics, automotive, and aerospace industries. Products including self-clinching fasteners and inserts are developed and distributed globally through the domain pemnet.com. Focus is maintained on engineering standards and material innovations to support assembly processes.
PennEngineering's top competitors include Deepak Fasteners, Hillman Group and Arrow Fastener.
PennEngineering has made 5 acquisitions, including Fabristeel, Heyco, and LinkTool Group.