What is Altman Dist?
Founded in 1975 and incorporated in 1978, Altman Dist operates as a key distributor based in Ipswich, Massachusetts. The company serves the installer trade across Southern New Hampshire, Eastern Massachusetts, and Rhode Island. Its extensive customer base includes service stations, repair shops, quick lubes, car dealerships, transmission shops, muffler and brake specialists, and commercial/industrial accounts. Altman Dist offers a comprehensive product selection encompassing motor oils, fluids, antifreeze, filters, and various chemicals and additives, sourced from prominent suppliers such as ExxonMobil, Shell, and Purolator. The company maintains a robust sales and delivery infrastructure, comprising five outside sales representatives, three inside sales staff, and a fleet of five delivery trucks ensuring daily order fulfillment.
How much funding has Altman Dist raised?
Altman Dist has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Altman Dist
PPP
Public-Private Partnership
What's next for Altman Dist?
The recent strategic investment, categorized as large-scale late-stage funding, positions Altman Dist for significant expansion and operational enhancements. This capital infusion is expected to bolster inventory management, potentially expand its service territory, and strengthen supplier relationships. The company's focus on serving the automotive aftermarket trade, coupled with its long-standing operational history, suggests a strategic direction aimed at consolidating its market share and exploring new avenues for product and service diversification within the evolving automotive maintenance landscape.
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