Investment Summary

Surge Private Equity Invests In Hippodrome Services

On August 1, 2019, private equity firm Surge Private Equity invested in consumer services company Hippodrome Services

Investment Highlights
  • This is Surge Private Equity’s 1st transaction in the Consumer Services sector.
  • This is Surge Private Equity’s 5th transaction in the United States.
  • This is Surge Private Equity’s 2nd transaction in New York.

Investment Summary
Date 2019-08-01
Target Hippodrome Services
Sector Consumer Services
Investor(s) Surge Private Equity
Deal Type Growth Capital

Target

Hippodrome Services

Bronx, New York, United States
Hippodrome Services provides outsourced laundry and dry-cleaning services to 4 and 5-star hotels in Manhattan. Hippodrome Services is based in Bronx, New York.

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Investor(S) 1

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 $5 and $75 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 5 of 15
Sector (Consumer Services) 1 of 2
Type (Growth Capital) 3 of 7
State (New York) 2 of 4
Country (United States) 5 of 15
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 Access Dental & Orthodontics

Irving, Texas, United States

Access Dental & Orthodontics providing high quality, comprehensive and compassionate dental care. Access Dental is dedicated to making patients all ages smile. Access Dental & Orthodontics was founded in 2006 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Norris Conference Centers

Austin, Texas, United States

Norris Conference Centers is a privately held corporation specializing in hosting meetings and events at our facilities. Norris Conference Centers have venues in Houston/CityCentre, Houston/Westchase, and San Antonio. Norris Conference Centers was founded in 1990 and is based in Austin, Texas.

Buy -
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