What is Surplus Group?
Surplus Group specializes in the acquisition and resale of new surplus and used HVAC equipment, including chillers, cooling towers, and rooftop units, catering to industrial and institutional clients across North America. The company offers a comprehensive inventory of essential components such as air-cooled and water-cooled chillers and heat exchangers. Each piece of equipment undergoes stringent testing to guarantee quality and operational reliability, providing clients with certified and cost-effective HVAC solutions. Surplus Group emphasizes customer satisfaction by offering detailed product information and support throughout the procurement process, including options for client-led inspections 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
Key Investors in Surplus Group
PPP
Public-Private Partnership
What's next for Surplus Group?
The recent large-scale, late-stage funding indicates Surplus Group is poised for significant growth and operational scaling. This strategic investment will likely fuel expansion into new markets, enhance inventory management systems, and potentially broaden the company's service offerings. The focus on certified and economical HVAC solutions positions Surplus Group to capitalize on industries seeking efficient and reliable equipment, suggesting a trajectory towards increased market share and industry leadership.
See full Surplus Group company page
