What is Everidge?
Headquartered in Plymouth, MN, Everidge is a prominent player in the refrigeration solutions market, dedicated to expanding its product suite and executing a robust national growth strategy. The company operates manufacturing facilities across multiple U.S. states, including Minnesota, California, Kansas, Virginia, and Tennessee, and employs nearly 600 individuals globally. Everidge's portfolio of brands encompasses CrownTonka, International Cold Storage, LoTemp Doors, and ThermalRite, highlighting its diverse market presence and comprehensive offerings in the cold chain sector.
How much funding has Everidge raised?
Everidge has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
What's next for Everidge?
The recent major strategic investment signals a pivotal phase for Everidge, likely enabling further expansion of its manufacturing capabilities and acceleration of its product development pipeline. This infusion of capital is expected to fuel the company's ongoing national growth initiatives and potentially support strategic acquisitions or market penetration efforts. Everidge's focus on innovative refrigeration solutions positions it to capitalize on increasing demand for advanced cold storage and temperature-controlled environments across various industries.
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