What is Surplus Record?
Founded in 1924 by Thomas P. Scanlan, Surplus Record has established itself as the definitive resource for industrial equipment listings. Its monthly directory, often referred to as the 'bible of the used and surplus capital equipment industry,' features an extensive catalog of over 70,000 industrial assets. These listings encompass a wide array of machinery, including metalworking and fabricating machine tools, chemical and process equipment, cranes, air compressors, pumps, motors, circuit breakers, generators, and transformers. The company's longevity and comprehensive database highlight its critical role in the industrial equipment marketplace.
How much funding has Surplus Record raised?
Surplus Record has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Surplus Record?
With a history spanning nearly a century and a recent strategic investment, Surplus Record is well-positioned for continued growth and market leadership. The substantial debt financing from 2020 suggests a strategic initiative to bolster its asset base or expand its operational capacity. As a mature entity in the industrial equipment sector, future capital injections are likely to support technological advancements in its directory services, enhanced market reach, or potential acquisitions to further consolidate its industry dominance. The company's focus on providing a vital marketplace for used and surplus equipment indicates a resilient business model, adaptable to economic cycles.
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