What is TES?
Headquartered in Kearny, New Jersey, TES Inc. has established itself as a cornerstone of the material handling industry over the past three decades. The company specializes in a comprehensive suite of services, including the sale of high-performance cranes, forklift rentals, and the provision of specialized parts and maintenance services. By maintaining a diverse inventory that features industry-leading brands such as Link-Belt Cranes and Manitex Boom Trucks, TES Inc. provides essential support to construction and logistics firms. Their commitment to operational excellence is further bolstered by a team of factory-trained mechanics, ensuring that clients receive not only the equipment but also the technical expertise required for complex material handling operations.
How much funding has TES raised?
TES has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in TES
PPP
Public-Private Partnership
What's next for TES?
With the successful acquisition of this latest capital, TES Inc. is well-positioned to scale its service capabilities and potentially expand its inventory footprint. The strategic nature of this investment suggests a focus on long-term growth, likely involving the modernization of its rental fleet and the enhancement of its service infrastructure to meet the evolving demands of the industrial sector. As the company navigates this late-stage growth phase, the focus will likely shift toward optimizing supply chain efficiencies and deepening its market penetration in the Northeast corridor, leveraging its established reputation for reliability and technical proficiency to capture additional market share in the competitive heavy machinery landscape.
See full TES company page
