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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