About Empire Equipment
Empire Equipment is a company based in Goldsboro (United States) founded in 1985 was acquired by PNC Riverarch Capital in February 2020.. The company has 123 employees as of December 31, 2021. Empire Equipment has completed 3 acquisitions, including Norm's Refrigeration, PMA and TruTemp Inc.
- Headquarter Goldsboro, United States
- Employees 123 as on 31 Dec, 2021
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Stewart Capital Management
& 3 more
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Employee Count
123
as on Dec 31, 2021
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Investments & Acquisitions
Norm's Refrigeration
& 2 more
- Acquired by
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Funding Insights of Empire Equipment
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Private Equity Round - Empire Equipment | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Empire Equipment
Empire Equipment has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Stewart Capital Management, Crescendo Capital Partners and Riverarch Equity Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Crescendo Capital Partners is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Riverarch Equity Partners is focused on private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Empire Equipment
Empire Equipment has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Norm's Refrigeration, PMA and TruTemp Inc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Kitchen equipment is manufactured for commercial applications.
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1979 | ||||
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Distributor of commercial ice machines, beverage dispensing equipment, filtration systems, and evaporative coolers
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1964 | ||||
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Ice machines, refrigeration equipment, filtration systems, and parts are distributed.
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1957 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Empire Equipment
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Empire Equipment Comparisons
Competitors of Empire Equipment
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Empire Equipment
When was Empire Equipment founded?
Empire Equipment was founded in 1985 and raised its 1st funding round 30 years after it was founded.
Where is Empire Equipment located?
Empire Equipment is headquartered in Goldsboro, United States. It is registered at Goldsboro, North Carolina, United States.
How many employees does Empire Equipment have?
As of Dec 31, 2021, the latest employee count at Empire Equipment is 123.
What does Empire Equipment do?
Empire Equipment manufacturer and supplier of foodservice equipment, focusing on food and agriculture, and foodservice equipment. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
How many acquisitions has Empire Equipment made?
Empire Equipment has made 3 acquisitions, including Norm's Refrigeration, PMA, and TruTemp Inc.
Who are Empire Equipment's investors?
Empire Equipment has 4 investors. Key investors include Stewart Capital Management, Crescendo Capital Partners, Riverarch Equity Partners, and Kian Capital.