Surge Private Equity Invests in Coastal Amusements

December 8, 2023

Dallas-based Surge Private Equity closed a majority investment in Coastal Amusements, Inc., a Lakewood, New Jersey designer, manufacturer and importer of coin-operated ticket and prize redemption games. NorthCoast Mezzanine and Minnesota Bank & Trust provided financing for the transaction, with BakerHostetler and Moss Adams advising and CoView Capital acting as Coastal's advisor. Surge said the partnership will support product development, growth initiatives and continued management continuity (founders Sal and Lenny will remain with the company).

Buyers
Surge Private Equity, LLC
Targets
Coastal Amusements, Inc.
Industry
Manufacturing
Location
New Jersey, United States
Transaction Type
Buyout

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