Norris Training Systems in Recapitalization by Surge Private Equity LLC – facilitated by Generational Capital Markets Advises
HOUSTON, January 11, 2020
Norris Training Systems, Inc. has been recapitalized by Surge Private Equity LLC. After operating for over 30 years, Norris Training Systems, Inc., who hosts a variety of events, serving over 2,500 clients each year across its five facilities in Houston, Austin, San Antonio, and a newly launched Dallas location, is pleased to announce a recapitalization with Surge Private Equity LLC (“Surge”).
Surge is a Dallas-based private equity firm that typically seeks majority investments in growing businesses with $2-7.5MM of EBITDA. Together with its lending partners, Surge provides entrepreneurs with liquidity and investors with higher yields and greater accessibility through lower investment minimums. Surge primarily invests in companies where the seller will remain on board in an ongoing capacity.
Norris has consistently dominated the Texas market through its exceptional focus on quality customer experience. The deal closed with financing from Modern Bank, N.A. (“Modern”). The Norris Management Team and facility teams will remain unchanged under the agreement.
Generational Capital Markets, Member FINRA/SIPC is a leading mergers and acquisitions advisor for privately held businesses facilitated this recapitalization. The transaction closed January 3, 2020 and details were not disclosed.
“The expanded opportunity for growth with a partner like Surge is incredibly exciting” said David Norris, “This is a great fit for both companies”.
For more information:
Linda Hampton Norris
713-780-9387
l.hampton@norriscenters.com
