What is Advanced Tool & Supply?
Advanced Tool & Supply, based in Broussard, LA, specializes in providing a comprehensive range of rental tools and equipment tailored for the oil field energy services industry. With over 18 years of operational experience, the company is committed to supplying the most up-to-date and effective equipment, particularly for deep water rigs in the Gulf of Mexico. ATS ensures operational safety and reliability through rigorous inspection of all rental equipment, providing clients with detailed paperwork and equipment history for each item. Their qualified personnel offer expert assistance for complex deep water projects, positioning ATS as a trusted partner in the region.
How much funding has Advanced Tool & Supply raised?
Advanced Tool & Supply has raised a total of $799K across 2 funding rounds:
Debt
$350K
Debt
$449K
Debt (2020): $350K with participation from PPP
Debt (2021): $449K led by PPP
Key Investors in Advanced Tool & Supply
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Advanced Tool & Supply?
The recent major strategic investment, alongside the company's substantial total funding of $799K, indicates Advanced Tool & Supply is likely in a growth or scaling phase. This capital infusion is expected to fuel further expansion of its equipment fleet, enhance technological capabilities for deep water operations, and potentially broaden its service offerings within the energy sector. The company's focus on staying current with industry trends and maintaining high standards for equipment and service suggests a strategic approach to solidifying its market leadership and capitalizing on opportunities in the dynamic oil and gas market.
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