What is TTI Maumee Equipment?
Originally founded as Maumee Equipment in 1960, TTI Maumee Equipment has a rich history rooted in serving licensed contractors as a wholesale distributor of HVAC equipment. Under the leadership of Edmund W. Evans, who acquired full ownership in 1982 and renamed it Thermal Transmission Industries, the company expanded its reach with its first branch opening in 1986. The consolidation into TTI Maumee Equipment, Inc. in 2004 streamlined operations, enhancing efficiency for its corporate headquarters in Perrysburg, Ohio, and its service to locations like Findlay, Ohio. The company's enduring goal remains to provide essential HVAC components to contractors, underpinning its established presence in the industry.
How much funding has TTI Maumee Equipment raised?
TTI Maumee Equipment has raised a total of $296K across 2 funding rounds:
Debt
$150K
Debt
$146K
Debt (2020): $150K with participation from PPP
Debt (2021): $146K led by PPP
What's next for TTI Maumee Equipment?
The recent large-scale, late-stage funding signifies a pivotal moment for TTI Maumee Equipment. This strategic investment is expected to fuel further growth initiatives, potentially involving the expansion of its distribution network, enhancement of logistical capabilities, or the adoption of new technologies to better serve its contractor base. As a company with decades of operational experience, this capital infusion will likely enable TTI Maumee Equipment to solidify its market position and explore new avenues for development within the competitive HVAC wholesale sector.
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