What is Surplus Group?
Surplus Group operates as a specialized provider in the secondary market for industrial climate control equipment. The company focuses on the procurement and distribution of high-quality surplus and pre-owned chillers, cooling towers, and rooftop units. By implementing rigorous testing protocols for heat exchangers and boilers, Surplus Group bridges the gap between industrial necessity and economic efficiency. Their business model serves a diverse range of institutional clients who require certified, reliable HVAC solutions for complex process applications, ensuring that equipment lifecycle management remains both profitable and environmentally conscious.
How much funding has Surplus Group raised?
Surplus Group has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Surplus Group
PPP
Public-Private Partnership
What's next for Surplus Group?
With this late-stage financing, Surplus Group is expected to scale its inventory acquisition capabilities and enhance its inspection infrastructure. The strategic deployment of these funds will likely focus on expanding the company's footprint in the North American market, where the demand for refurbished industrial cooling systems is rising due to capital expenditure constraints in manufacturing. Future growth will likely center on digitalizing the procurement process and strengthening supply chain resilience, ensuring that Surplus Group remains a primary partner for industries seeking high-performance, certified HVAC equipment without the lead times associated with new manufacturing.
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