Surge Private Equity invests in Busy Bee Cleaning


Surge Private Equity LLC has invested in Busy Bee Cleaning Corp. Financial terms weren’t announced. Busy Bee, of New York, provides commercial janitorial services to local and national businesses. Harvest Capital Credit Corp provided financing.

PRESS RELEASE

DALLAS–(BUSINESS WIRE)–On 11/16/17 Dallas based Surge Private Equity, LLC (“Surge”) (www.SurgePE.com) completed its investment in Manhattan based Busy Bee Cleaning Corp, (“Busy Bee”) (www.bbcleaningservice.com), a commercial janitorial services provider and sister companies Commercial Cleaning Services (www.cleaningservicenewyorkcity.com) and Janitorial Cleaning Services (www.commercialofficecleaning.com). The investment closed with debt financing provided by Harvest Capital Credit Corporation (NASDAQ: HCAP).

Busy Bee is a commercial janitorial services company boasting over: 1,000 customers, 200 employees, and a decade of high quality service to local and national businesses. Founders Greg and Fatima Wiszniewski will be staying on in their current capacities as CEO and COO. Both will retain equity in the business. Greg Wiszniewski will serve on the board of directors alongside Surge partners Tom Beauchamp and Lewis Sharp.

“Busy Bee and Surge share an understanding of the importance of high quality service in the janitorial services industry. Busy Bee has grown its client base every year since its founding in 2003 based on the company’s reputation for responsiveness, follow-through, and consistency,” Mr. Wiszniewski commented. “This partnership will allow us to improve systems, offer new services to our clients, and build upon the same great service that has distinguished Busy Bee from other competitors in New York.”

Tom Beauchamp, Partner at Surge Private Equity, stated, “Busy Bee is a strong regional leader offering unparalleled service. The company’s explosive growth and high customer retention rate are a product of well-developed systems, policies, and procedures that enable its many employees to provide superior service to a diverse customer base. We are thrilled to partner with Greg to invest in the further build-out of Busy Bee’s expansive offering and to take the company to the next level.”

About Surge Private Equity

SURGE Private Equity is a Dallas based private equity firm that seeks to invest in small, growing businesses. We target profitable online businesses, business services, and healthcare industries valued around $10MM in enterprise value. We prefer businesses with few assets and strong cash flow profiles. Together with our 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.

 

Do you want exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more? Get your FREE trial to Buyouts! Or subscribe now!