What is Modern Group?
Founded in 1946 and headquartered in Bristol, PA, Modern Group stands as a prominent equipment distributor across the nation. The company offers a comprehensive suite of services, including sales, leasing, short-term rental, service, parts, training, and financing solutions. Its diverse product lines encompass forklifts, power systems, arborist equipment, construction machinery, and warehouse products, serving key markets in Pennsylvania, New York, New Jersey, and Delaware.
How much funding has Modern Group raised?
Modern Group has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
What's next for Modern Group?
The recent major strategic investment signals a pivotal moment for Modern Group, likely enabling further expansion of its operational capabilities and market reach. This infusion of capital is expected to bolster its position as a leading equipment distributor, potentially through acquisitions, technological advancements, or enhanced service offerings across its established territories. The company's long history and broad service portfolio suggest a strategic focus on consolidating its market leadership and exploring new avenues for growth.
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