M&A Deal Summary

SurgePays Acquires Commander

On July 20, 2021, SurgePays acquired communications company Commander

Acquisition Highlights
  • This is SurgePays’ 1st transaction in the Communications sector.
  • This is SurgePays’ 1st transaction in the United States.
  • This is SurgePays’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2021-07-20
Target Commander
Sector Communications
Buyer(s) SurgePays
Deal Type Add-on Acquisition

Target

Commander

Ruston, Louisiana, United States
Commander is a provider of prepaid wireless payment and top-up services that are offered to retail customers through its customer base of approximately 500 convenience stores located primarily in Louisiana.

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Buyer(S) 1

Buyer

SurgePays

Bartlett, Tennessee, United States
Category Company
Founded 2006
Sector Information Technology
Employees22
Revenue 137M USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 3
Sector (Communications) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Louisiana) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Torch Wireless

Jacksonville, Florida, United States

Torch Wireless is a provider of wireless broadband with the FCC’s Affordable Connectivity Program (ACP) in a cash and limited royalties deal. Torch Wireless is based in Jacksonville, Florida.

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