Major Tool & Machine logo — Indianapolis, IN contract manufacturer specializing in large...

Major Tool & Machine

Indianapolis, IN contract manufacturer specializing in large engineering, welding, machining, and manufacturing services

Founded 1946 United States Indianapolis, United States 246 employees Grant Total: $175.00K Manufacturing

General Information

Company Name Major Tool & Machine
Founded Year 1946
Location United States Indianapolis, United States
Employees 246
Industries Manufacturing
Funding Stage Grant
Social

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About Major Tool & Machine

Major Tool & Machine is a prominent Indianapolis-based contract manufacturer with a rich history dating back to its establishment in 1946. Originally focusing on custom job shop services for tooling and aircraft ground support equipment, the company has significantly expanded its market scope and capabilities over the years. Today, it stands as a leader in providing world-class engineering, fabrication, machining, and assembly services to various industries, including aerospace, defense, power generation, commercial industrial, and nuclear markets.

One of the noteworthy developments for Major Tool & Machine is its association with Precinmac, a leading diversified manufacturer of high-tolerance precision machined components and assemblies. The Precinmac brand encompasses seven independently owned companies in the United States and Canada, further bolstering the company’s position in the market.

The most recent investment for Major Tool & Machine was a significant $175.00K grant investment received on 20 June 2022. This investment was secured from the Indiana Economic Development Corporation, signifying the confidence and support of local economic entities in the company’s potential and growth prospects.

Overall, Major Tool & Machine's strong legacy, diversification into the Precinmac ecosystem, and recent investment from a key player in the regional economic landscape position it as a solid contender in the manufacturing industry.

Business keywords: contract manufacturer, engineering services, welding, machining, fabrication, assembly services, aerospace industry, defense industry, power generation industry, commercial industrial industry, nuclear industry, precision machining, high-tolerance components, tooling

Funding Rounds & Investors (1)

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Funding Stage Amount Investors Lead Investors Date
Grant $175.00K 1
Indiana Economic Development Corporation
20 Jun 2022

Major Tool & Machine Alternatives & Competitors

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Major Tool & Machine vs
Ranor, Inc.
Ranor, Inc. United States

Crafting and machining precision large metal components and assemblies for aerospace, nuclear, indus...

64 employees
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Major Tool & Machine vs

Engineer and manufacture high precision and delivery critical special tooling, jigs, fixtures and me...

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Major Tool & Machine vs
JMC Tool & Machine
JMC Tool & Machine United States

Award Winning Customer Service for Precision Manufacturing!

21 employees
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FAQ About Major Tool & Machine

Indianapolis, IN contract manufacturer specializing in large engineering, welding, machining, and manufacturing services
Major Tool & Machine was founded in 1946.
Major Tool & Machine is headquartered in Indianapolis, United States.
Major Tool & Machine operates in Manufacturing. Its work centres on contract manufacturer, engineering services, welding and machining.
Major Tool & Machine has approximately 246 employees.
Major Tool & Machine has completed 1 funding round, raising a total of $175.00K. The latest funding stage is Grant.
Top alternatives and competitors to Major Tool & Machine include Ranor, Inc., Oak Ridge Tool-Engineering, Inc., JMC Tool & Machine, H3 Manufacturing Group, LLC, Dielectric Manufacturing (Custom Plastic & Metal Solutions). These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Major Tool & Machine and Ranor, Inc. are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Major Tool & Machine, https://bouncewatch.com/company/major-tool-machine, updated 25 November 2024. When citing, please name BounceWatch and link this page.

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