DALLAS--(BUSINESS WIRE)--On 4/18/2019, Dallas-based Surge Private Equity (“Surge”) closed its acquisition of Texas-based Access Dental and Lacosta Dental (“Access”) with financing provided by Corbel Capital Partners (“Corbel”). The transaction value was in excess of $30MM with seller Dr. Tien Phan retaining a significant equity stake in the business and Surge obtaining a majority position. Additionally, excess cash was placed on the balance sheet at close to immediately pursue de novo activity.Read More
LOS ANGELES--(BUSINESS WIRE)--On 3/4/2019, Global Bakeries, LLC (“Global Bakeries”) closed its acquisition of California’s Bubbles Baking Co. (“Bubbles”) led by Surge Private Equity with The Firmament Group (“Firmament”), a leading provider of tailored debt and equity capital solutions to small and medium-sized enterprises (SMEs).Read More
DALLAS--(BUSINESS WIRE)--On 11/27/2018, Dallas-based Surge Private Equity (“Surge”) closed an investment into Global Bakeries, Inc. (“Global Bakeries” or the “Company”) with The Firmament Group (“Firmament”), a leading provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs).Read More
DALLAS--(BUSINESS WIRE)--On 11/16/17 Dallas based Surge Private Equity, LLC (“Surge”) (www.SurgePE.com) completed its investment in Manhattan based Busy Bee Cleaning Corp, (“Busy Bee”) (www.bbcleaningservice.com), a commercial janitorial services provider and sister companies Commercial Cleaning Services (www.cleaningservicenewyorkcity.com) and Janitorial Cleaning Services (www.commercialofficecleaning.com). The investment closed with debt financing provided by Harvest Capital Credit Corporation (NASDAQ: HCAP).Read More
Buyout firms might seem a bit daunting--but they can teach you some surprising things about how to fix your business.
Private equity investors aren't always the most obvious source of funding for startups and small businesses. But they're an increasingly important one, especially for entrepreneurs looking to scale beyond the startup phase. There comes a time when you need cash to grow--for new equipment, more inventory, and other resources to meet increased customer demand--and private equity has some of the deepest pockets.Read More
Private equity firms have set their sights on a new wave of software companies hitting the buyout market. Although investments in such companies have the potential to generate high returns, success is far from assured. PE firms just getting into the game must rapidly “crack the code” of software deals in order to capture the outsize returns enjoyed by many investors with industry expertise.1Read More
If you’ve been trying to understand how to value a website or internet business you’ve come to the right place. Accurately valuing a website for sale can for many be the most challenging part of the purchase process. The removal of physical assets with internet businesses can sometimes complicate valuations further but if you’re clear on the pros and cons of the methods available,gather the right data on the relevant valuation drivers and apply this correctly, you will almost always arrive at a website valuation that makes sense.Read More