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Posted on: Aug. 2, 2019, 11:01 p.m.
DALLAS, August 2, 2019-- On 08/01/2019, Dallas based Surge Private Equity (“Surge”) closed its investment of Manhattan based Hippodrome Services Group (“Hippodrome”) with financing provided by Harvest Capital Credit Corporation (“Harvest”) and Modern Bank, N.A. (“Modern”), which acted as administrative agent in the transaction. Operating for 20+ years, Hippodrome provides outsourced laundry and dry-cleaning services to 4- and 5-star hotels in Manhattan. With a 9-year weighted average customer tenure, Hippodrome’s customer satisfaction is unparalleled in the Manhattan market. Full investment news articleRelevent to this post: Harvest Capital Management ,