Investment Summary

Surge Private Equity and The Firmament Group Invest In Global Bakeries

On November 27, 2018, private equity firm Surge Private Equity and family office The Firmament Group invested in food company Global Bakeries

Investment Highlights
  • This is Surge Private Equity’s 1st and The Firmament Group’s 1st transaction in the Food sector.
  • This is Surge Private Equity’s 2nd and The Firmament Group’s 5th transaction in the United States.
  • This is Surge Private Equity’s 1st and The Firmament Group’s 1st transaction in California.

Investment Summary
Date 2018-11-27
Target Global Bakeries
Sector Food
Investor(s) Surge Private Equity
The Firmament Group
Deal Type Growth Capital

Target

Global Bakeries

Pacoima, California, United States
Global Bakeries is a specialty baked goods manufacturer. Global Bakeries specializes in non-GMO bread products such as pita bread, pita chips, bagels, organic flatbread, and croissants for grocery stores such as Trader Joe’s, bakeries and restaurants. Global Bakeries was founded in 1977 and is based in Pacoima, California.

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Investor(S) 2

Investor

Surge Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
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 2 of 10
Sector (Food) 1 of 1
Type (Growth Capital) 2 of 5
State (California) 1 of 1
Country (United States) 2 of 10
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-16 Busy Bee Cleaning Service

New York, New York, United States

Busy Bee Cleaning Service is a commercial janitorial services provider. Busy Bee is a commercial janitorial services company boasting over: 1,000 customers, 200 employees, and a decade of high quality service to local and national businesses. Busy Bee Cleaning Service was founded in 2004 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 Access Dental Management

Austin, Texas, United States

Access Dental Management providing high quality, comprehensive and compassionate dental care. Access Dental Management is dedicated to making patients all ages smile.

Buy -
Investor

The Firmament Group

Investor Investor Investor Investor Investor

Category Family Office
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

The Firmament Group is a family backed investment firm focused on providing equity and debt capital to small and medium-sized companies. Funds are generally used to finance leveraged buyouts, complete recapitalizations or restructurings, provide liquidity for organic growth, or finance add-on acquisitions. The Firmament Group was established in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 5 of 16
Sector (Food) 1 of 2
Type (Growth Capital) 2 of 8
State (California) 1 of 3
Country (United States) 5 of 16
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-10 Condata

Oak Brook, Illinois, United States

Condata is a provider of freight post audit and recovery services serving customers globally. Condata performs US domestic freight audits as well as intra-European, intra-Asian, and intra-Latin American audits for clients. Condata was founded in 1956 and is based in Oak Brook, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Fortbrand Services

Plainview, New York, United States

Fortbrand Services is a provider of maintenance and support equipment for the global aviation industry. Fortbrand’s Ground Support Equipment business provides sales, leasing, and short-term rentals of mission-critical ground support equipment to airlines, ground handling companies, and fixed base operators. The Company’s Airfield Maintenance Equipment business distributes and leases snow removal and maintenance equipment to airports. Fortbrand Services was founded in 1983 and is based in Plainview, New York.

Buy -
Mergr

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