M&A Deal Summary

GPB Capital Acquires Surge Resources

On November 20, 2018, asset manager GPB Capital acquired business services company Surge Resources

Acquisition Highlights
  • This is GPB Capital’s 2nd transaction in the Business Services sector.
  • This is GPB Capital’s 11th transaction in the United States.
  • This is GPB Capital’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2018-11-20
Target Surge Resources
Sector Business Services
Buyer(s) GPB Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Surge Resources

Manchester, New Hampshire, United States
Surge Resources is a provider of professional employer organization (PEO) services to small and medium-sized businesses located primarily in New Hampshire, Massachusetts, Vermont, and Maine. Surge Resources was founded in 1987 and is based in Manchester, New Hampshire.

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Buyer(S) 1

Buyer

GPB Capital

Investor


Category Asset Manager
Founded 2013
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GPB Capital is an asset management firm focused on acquiring income-producing private companies. Sectors of interest include automotive, retail, technology enabled services, waste management, and healthcare. GPB Capital was established in 2013 and is headquartered in New York City.


DEAL STATS #
Overall 11 of 11
Sector: Business Services M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
State: New Hampshire M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-12 Health Prime International

National Harbor, Maryland, United States

Health Prime International is a provider of practice management and revenue cycle management solutions for medical practices across the US. Company provides platform-agnostic revenue cycle management (RCM), electronic health record (EHR), transcription, and practice management services to medical practices across the US. Health Prime International was founded in 2003 and is based in National Harbor, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 EMI

Torrance, California, United States

EMI is a developer of treatments and therapies for rare and orphan diseases. The company's research on sickle cell disease was initiated by Yutaka Niihara, MD, MPH, Chairman and CEO of Emmaus, at the Los Angeles Biomedical Research Institute at Harbor-UCLA Medical Center. EMI was founded in 2000 and is based in Torrance, California.

Sell -