Investment Summary

Surge Private Equity Invests In Coastal Amusements

On December 8, 2023, private equity firm Surge Private Equity invested in gaming company Coastal Amusements

Investment Highlights
  • This is Surge Private Equity’s 1st transaction in the Gaming sector.
  • This is Surge Private Equity’s 10th transaction in the United States.
  • This is Surge Private Equity’s 1st transaction in New Jersey.

Investment Summary

Date 2023-12-08
Target Coastal Amusements
Sector Gaming
Investor(s) Surge Private Equity
Deal Type Growth Capital
Advisor(s) CoView Capital, Inc.
Moss Adams Capital LLC (Financial)

Target

Coastal Amusements

Lakewood, New Jersey, United States
website
Coastal Amusements is a designer, manufacturer, and importer of coin-operated ticket and prize redemption games. Coastal Amusements is based in Lakewood, New Jersey.

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Investor(S) 1

DESCRIPTION

Surge Private Equity is a small private equity group focused on smaller, recurring-revenue oriented businesses valued between $7.5 and $30 million. Surge primarily targets profitable companies where the seller is looking to remain onboard. Areas of interest include business services, healthcare, online businesses, and specialty goods. Surge Private Equity was established in 2017 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 10 of 10
Sector (Gaming) 1 of 1
Type (Growth Capital) 5 of 5
State (New Jersey) 1 of 1
Country (United States) 10 of 10
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-08 ECN

Las Vegas, Nevada, United States

ECN utilizes advanced industry knowledge, practices, and technology to move clinical trials efficiently from mandate to completion across a broad spectrum of therapeutic areas for pharmaceutical companies and contract research organizations. ECN is a leader in rapid protocol patient acquisition and currently operates a dedicated network of 14 research sites, with more in development across the United States. ECN is based in Las Vegas, Nevada.

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