Neptune Research

United States
Monroeville, Alabama, United States, 33404

Company profile

Neptune Research company profile

For more than 30 years, NRI has focused its strategic research initiatives on the development, manufacturing, and marketing of state-of-the-art pipe repair solutions that withstand the tests of time, water, and other elements. The company’s Syntho-Glass® system has proven to be reliable enough for the U.S. Navy, the Coast Guard, and international natural gas and oil industry conglomerates to require Syntho-Glass® availability for all pipe repairs. Founded in 1982, NRI developed its pipe repair systems for application within the marine industry. As the original inventors of the moisture-cured, pre-impregnated composite material, NRI caught the attention of the U.S. Navy and, in 1996, secured its first contract with the U.S. government requiring NRI’s Syntho-Glass® system to be carried aboard all Navy vessels. The company’s success with the U.S. Navy led to the creation of larger and more robust materials. This expansion of its product capabilities allowed for the exploration of opportunities within the natural gas and oil industries. NRI focused on further developing its original product to specifically address the pipe repair and reinforcement challenges within those unique industries. With its focus on development, NRI experienced substantial success and growth, requiring a move to a new facility in 2009. Since that time, the company has tripled in size and revenues as the demand for its solutions continues to grow. To support this demand, NRI has introduced an average of one new product per year over the last four years, with each product focusing on the company’s participation in the evolution of leak repair and pipe reinforcement.

Business identity

Contact email
[email protected]
Phone number
561-683-6992
Operating status
Closed
Company type
For Profit
Employee range
51-100 employees
Revenue range
$1M-$10M
Founded
1982-01-01, Year

Headquarters

Postal code
33404
Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
M And A
Funding rounds
1
Last funding
Private Equity / 2017-05-16
Last equity funding
Private Equity
Investors
1
Lead investors
1
Articles
1
Closed on
2019-01-24
Exited on
2019-01-23

Founders and investors

Lead investors

Palm Beach Capital

Investors

Palm Beach Capital