trending Market Intelligence /marketintelligence/en/news-insights/trending/AXaL86OQcZr3rZ1OPtg0qw2 content esgSubNav
In This List

Surge Private Equity acquires Norris Training Systems


Banking Essentials Newsletter: 17th April Edition


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Surge Private Equity acquires Norris Training Systems

Private equity firm Surge Private Equity LLC acquired Norris Training Systems Inc., a Texas-based provider of training hosting services with facilities in Houston, Austin, San Antonio and Dallas.

Norris Training Systems' primary sellers David and Linda Norris retained a minority share and will continue as operators.

Modern Bank NA provided financing for the transaction.

On Dec. 31, 2019, Surge unit Busy Bee Cleaning Services Ltd. acquired its regional competitor Reyes Cleaning Services. Harvest Capital Credit Corp. provided funding for the deal.

Additionally, Surge hired Thiago Farias as vice president to head up portfolio operations.