Interstate Companies, Inc.
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Interstate Companies, Inc. - overview
Established
1957
Location
Eagan, MN, US
Primary Industry
Logistics & Distribution
About
Interstate Companies, Inc. is a diversified provider of equipment solutions, maintenance services, and repairs tailored to various industries, enhancing operational efficiency and reliability for clients across the United States. Interstate Companies, Inc. operates as a supplier of equipment and related services.
Founded in 1957 in Eagan, US, the company has maintained a consistent focus on power systems and bearing solutions. In October 2021, InfraStripe LLC acquired Interstate Companies, Inc. , adding it to their portfolio. The founder's prior entrepreneurial history is not documented publicly.
Interstate Companies, Inc. offers a diverse range of products and services aimed at addressing the needs of multiple industries, including power systems, bearing solutions, and other related services. Their core offerings include equipment distribution, maintenance, and repair services, designed to enhance operational efficiency for various sectors such as transportation, manufacturing, and construction. The company serves a wide client base encompassing businesses in the Midwest, West, and Southwest regions of the United States, catering to both large enterprises and smaller operations requiring reliable, high-quality equipment solutions.
Through its various divisions, Interstate Companies focuses on delivering value by ensuring that their products meet the specific needs of their customers while contributing to the overall growth and sustainability of the industries they serve. Interstate Companies generates revenue through a structured model emphasizing B2B transactions, providing services and products directly to businesses across multiple sectors. Transactions typically occur through direct sales, wherein clients purchase equipment and maintenance services tailored to their operational requirements. The company capitalizes on long-term partnerships and contracts with clients that necessitate ongoing support and supply, fostering a mutually beneficial relationship.
Specific pricing structures for their offerings remain proprietary, yet the company’s flagship services are positioned to deliver value that aligns with industry standards. The revenue from these transactions is reinvested to enhance their Second Step Foundation and other community support initiatives, reflecting the company’s commitment to corporate responsibility. Interstate Companies, Inc. is focused on expanding its product line and enhancing service offerings to meet evolving client needs.
The company is exploring the launch of new equipment solutions slated for introduction in 2023, aimed at sectors like renewable energy. Geographically, Interstate plans to expand into the Southeast region by the end of 2024, tapping into new market opportunities. Recent funding from the acquisition in October 2021 will support these initiatives, allowing the company to invest in product development and market expansion efforts.
Current Investors
InfraStripe LLC
Primary Industry
Logistics & Distribution
Sub Industries
Automobile Dealerships, Automobiles, Other Vehicles & Parts, Logistics & Distribution
Website
www.istate.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Interstate Companies, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Interstate Companies, Inc. | - |
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