What is Concept Part Solutions?
Established in 2007, Concept Part Solutions, Inc. (CPS) operates as an OEM support company dedicated to enhancing product portfolios for its clients. The firm offers a comprehensive suite of services, including parts provision, system upgrades, engineering solutions, field services, and specialized training. CPS is committed to upholding a high standard of excellence in customer satisfaction and is recognized for its ISO 9001 - 2015 certification, a testament to its stringent quality management systems. The company's focus on OEM support positions it as a critical partner in the product lifecycle management ecosystem.
How much funding has Concept Part Solutions raised?
Concept Part Solutions has raised a total of $967K across 2 funding rounds:
Debt
$350K
Debt
$617K
Debt (2020): $350K with participation from PPP
Debt (2021): $617K led by PPP
What's next for Concept Part Solutions?
The recent major strategic investment signals a pivotal moment for Concept Part Solutions, likely enabling expansion into new markets, enhancement of service offerings, or acceleration of technological development. Given the enterprise-level funding context, CPS is poised for significant scaling and operational advancements. Future strategies may involve deepening partnerships with OEMs, expanding service capabilities, and leveraging its ISO certification to capture a larger share of the aftermarket support sector. This capital infusion is expected to fuel innovation and solidify its competitive advantage in the OEM support industry.
See full Concept Part Solutions company page
