What is Mid-State Distributing?
Founded in 1948 and headquartered in Des Moines, IA, Mid-State Distributing is a long-standing distributor specializing in consumer electronics, appliances, and associated service parts. The company serves an independent dealer network, leveraging advanced logistics and technology to ensure efficient delivery and support. With a commitment to innovation, Mid-State Distributing provides training and evolving product offerings across its multiple warehouse locations, aiming to be a key partner for its dealers. Their product portfolio is extensive, encompassing accessories, mobile electronics, commercial sound and security systems, and satellite products.
How much funding has Mid-State Distributing raised?
Mid-State Distributing has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Mid-State Distributing?
The company's large-scale late-stage funding context suggests a focus on scaling operations, enhancing technological infrastructure, or expanding market reach. Given its history and established dealer network, this strategic investment is likely aimed at solidifying its competitive advantage in the consumer electronics and appliance distribution market, potentially through further integration of logistics technology or diversification of its product and service offerings to meet evolving dealer demands.
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