What is A C Electrical Supplies?
Founded in 1952, AC Lighting & Electrical Supplies operates as a comprehensive lighting and electrical distributor, serving the entirety of Long Island and the broader New York Metro area. The company boasts an extensive product catalog, featuring items such as ballasts, batteries, lighting fixtures, and a wide array of electrical supplies. With a commitment to customer service, A C Electrical Supplies maintains substantial inventory across six strategically located branches and offers flexible delivery options, including evening and Saturday services. As an active member of the IMARK purchasing group, the company leverages collective buying power to ensure competitive pricing for its clientele, reinforcing its market competitiveness.
How much funding has A C Electrical Supplies raised?
A C Electrical Supplies has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in A C Electrical Supplies
PPP
Public-Private Partnership
What's next for A C Electrical Supplies?
The substantial backing indicated by $350K suggests A C Electrical Supplies is in a mature phase, likely utilizing this capital for operational expansion, inventory enhancement, or strategic acquisitions to further solidify its market dominance. The recent strategic investment, particularly in the context of large-scale late-stage funding, points towards a focus on sustained growth and potentially exploring new service areas or technological integrations within its distribution network. This financial reinforcement is expected to bolster its capacity to meet evolving customer demands and maintain its competitive edge in the electrical supply sector.
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