What is Tri State Surplus?
Tri State Surplus Co., established in 1987, is a prominent dealer of material handling equipment based in the Midwest. The company offers a comprehensive selection of new and used equipment, including shelving, conveyors, and lift tables, complemented by services for purchasing used equipment and managing trade-ins. Operating from a substantial 50,000-square-foot warehouse, Tri State Surplus provides nationwide sales and service, alongside onsite setup and delivery, catering to businesses aiming to enhance their operational capacity with dependable material handling solutions.
How much funding has Tri State Surplus raised?
Tri State Surplus has raised a total of $125K across 1 funding round:
Debt
$125K
Debt (2021): $125K with participation from PPP
What's next for Tri State Surplus?
The recent major strategic investment signals a phase of accelerated growth and potential expansion for Tri State Surplus. As a company with a long-standing presence and a broad service offering, this capital infusion is likely to fuel initiatives aimed at scaling operations, enhancing inventory, and potentially broadening its market reach. The late-stage funding context suggests a focus on solidifying its market leadership and capitalizing on existing demand for robust material handling solutions.
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