SurgePays - M&A Summary and Business Overview

Information TechnologyCompany

SurgePays M&A Summary

SurgePays has acquired 3 companies, including 3 in the last 5 years.

SurgePays has acquired in 3 different US states. The Company’s most targeted sectors include communications (67%) and internet software and services (34%).

SurgePays Business Overview

Where is SurgePays headquartered?

SurgePays is headquartered in Bartlett, Tennessee.

What is SurgePays’ revenue?

SurgePays disclosed revenue of 137M USD for 2023 and 122M USD for 2022.

How many employees does SurgePays have?

SurgePays has 22 employees.

What sector is SurgePays in?

SurgePays is an information technology company.

When was SurgePays founded?

SurgePays was founded in 2006.

M&A Summary

M&A Total Activity3
- M&A Buy Activity3
Total Sectors Invested 2
Total Countries Invested 1

SurgePays

SurgePays, Inc.

3124 Brother Boulevard, Suite 104,
Bartlett, Tennessee 38133
United States,
(901) 302-9587
www.surgepays.com

SurgePays is a technology and telecommunications company focused on the underbanked and underserved communities. SurgePhone Wireless provides mobile broadband to low-income consumers nationwide. SurgePays blockchain fintech platform utilizes a suite of financial and prepaid products to convert corner stores and bodegas into tech-hubs for underbanked neighborhoods. SurgePays was founded in 2006 and is based in Bartlett, Tennessee.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.6/yr)	#	-	-	1	1	-	1	3
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								3

Most Recent M&A

Company	Date	Value	Type
DNR Business Solutions, Inc.	2024-01-09	-	Add-on Acquisition
Chatsworth, California · www.clearline.me
Torch Wireless	2022-04-07	-	Add-on Acquisition
Jacksonville, Florida · www.torchwireless.com
Commander Communication LLC	2021-07-20	-	Add-on Acquisition
Ruston, Louisiana
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Communications	2 (67%)	-	-	-
Internet Software and Services	1 (33%)	-	-	-
Total	3	-	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		3	-	-	-
	Louisiana	1	-	-	-
	Florida	1	-	-	-
	California	1	-	-	-
Total		3	-	-	-

Company Summary

SECTOR

Information Technology

Revenue

137 13%	2023
122 140%	2022
51 6%	2021
54 108%	2020
26 74%	2019
15	2018
(millions of USD)	Show More Show Less

Employees

Established

2006

Public

NASDAQ: SURG

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SurgePays - M&A Summary and Business Overview

Information TechnologyCompany