What is Surplus Group?
Surplus Group specializes in the acquisition and resale of new surplus and used chillers, cooling towers, rooftop units, and other HVAC equipment tailored for process applications. Their extensive inventory includes air-cooled and water-cooled chillers, heat exchangers, and boilers, all subjected to rigorous testing to guarantee quality and operational reliability. The company primarily serves industries and institutions across North America seeking cost-effective and certified HVAC solutions. Surplus Group emphasizes customer satisfaction by offering comprehensive support throughout the procurement process, including options for on-site inspection and verification.
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
What's next for Surplus Group?
The substantial capital infusion, particularly the recent strategic investment, positions Surplus Group for accelerated growth and enhanced market penetration. This financing is expected to fuel strategic initiatives, potentially involving inventory expansion, technological upgrades, or broader market outreach. As a company dealing in essential industrial equipment, Surplus Group's trajectory is closely tied to industrial output and infrastructure development, suggesting a future focused on solidifying its role as a key provider of certified, economical HVAC solutions.
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