What is Simard and Sons?
Simard and Sons is a long-standing entity in the petroleum equipment sector, boasting over 95 years of operational experience. Based in Maine, the company specializes in comprehensive installation and service for gasoline stations, bulk storage facilities, marinas, and fuel oil tanks. Their expertise extends to critical services such as tank removals, annual state inspections, tank cleaning, fuel restoration, precision-tightness testing, and the sale and installation of canopies. The company's commitment to providing round-the-clock service and free quotes for new projects positions it as a reliable partner for businesses within the petroleum industry.
How much funding has Simard and Sons raised?
Simard and Sons has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Simard and Sons
PPP
Public-Private Partnership
What's next for Simard and Sons?
The recent large-scale, late-stage funding infusion suggests Simard and Sons is poised for strategic expansion and operational enhancement. This capital injection will likely fuel initiatives aimed at increasing service capacity, upgrading technological capabilities, and potentially broadening its geographic reach within Northern New England. The company's focus on essential infrastructure services within the petroleum industry, coupled with its extensive history, provides a strong foundation for sustained growth and market leadership.
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