Green, OH, January 26, 2022 – Surgere, an innovative provider in the evolving industry of 4.0 supply chain management announces it has received a minority growth equity investment from Graham Partners Growth, the growth equity strategy of Graham Partners, a private investment firm investing in technology-driven companies.
Surgere provides patented technology and proprietary software for original equipment manufacturers (“OEMs”) and their suppliers, targeting a variety of growth markets including automotive, industrial manufacturing, aerospace, agribusiness, among others. Their highly accurate data capture solutions enable companies to acquire the knowledge and facts to help them predict short- and long-term supply chain needs and requirements. Surgere’s innovative technology solutions bring together multiple forms of sensor-based science to “see” inventory, mapping the supply chain, and identify weaknesses and opportunities for improvement in real-time with leading data accuracy.
Graham believes Surgere is at the forefront of automated supply chain tracking technology to assist as companies upgrade and transition from manual asset tracking toward IoT-enabled automated data capture systems. Graham believes the company is also experiencing sustainability-motivated tailwinds as customers continue to increase their focus on ESG-related initiatives. For example, Surgere’s returnable container tracking capabilities help clients eliminate their usage of nonreusable packaging by switching to returnable containers.
Surgere’s patented SaaS technology suite, InteriusTM, offers a combination of tracking/visibility software through a recurring revenue model with hardware components sourced from key supplier partners (including handheld and portal IoT scanners used at dock doors and RFID tags that are attached to the asset being tracked). Coupled with its implementation expertise, Graham believes Surgere delivers highly differentiated end-to-end supply chain analytics and high-fidelity data throughout a company’s entire enterprise.
Surgere is expected to benefit from Graham’s deep domain expertise in industrial technology and experience managing industrial supply chains across its portfolio of advanced manufacturing and industrial technology businesses. Graham Partners will leverage its industry resources, operational expertise, and commercial knowledge to support Surgere’s growth.
Adam Piatkowski, Managing Principal at Graham Partners Growth, stated, “We believe Surgere is well positioned in a high-growth industry niche benefitting from conversion-driven momentum and proprietary technology and know-how. We are excited to leverage our expertise to expand the company’s sales and marketing resources to drive growth at Surgere and we look forward to supporting the company in achieving its goals.”
William Wappler, founder and CEO of Surgere, added, “Through its technology solutions, Surgere is poised to fulfill OEMs’ growing demand for supply chain visibility and traceability. Graham Partners’ experience and value creation plan aligned with our strategy at Surgere. We are thrilled to be partnering with Graham to accelerate our growth.”
About Surgere
Surgere is an innovative provider in the evolving Industry 4.0 supply chain management space leveraging IoT technology to revolutionize the supply chain. Surgere knows the challenges and has engineered innovative secure technology, patented software, and certified hardware to consistently deliver leading data fidelity and accuracy. Surgere expands visibility into the physical supply chain with the ability to support the world’s leading industries. Founded in 2004, Surgere is headquartered in Green, Ohio, with a second office in Aguascalientes, Mexico. Learn more at Supply Chain | Surgere | United States
About Graham Partners Growth
Graham Partners Growth is the growth equity strategy of Graham Partners, a private investment firm focused on investing in technology-driven companies that are spurring innovation in advanced manufacturing, resulting in product substitutions, raw materials conversions, and disruptions to traditional end markets. Graham Partners can offer control or minority capital solutions and typically targets companies with EBITDA up to $50 million. Since the firm’s founding in 1988 by Steven Graham, Graham Partners has closed over 140 acquisitions, joint ventures, financings, and divestitures. The committed capital raised since inception through the Graham Partners funds together with Graham-led co-investments totals approximately $3.6 billion, which differs from Regulatory Assets Under Management. Investors include high-net-worth individuals, college and university endowments, foundations, public and private pension plans, funds-of-funds, and other institutional investors. Based in suburban Philadelphia, the firm has access to extensive operating resources and industrial expertise and is a member of The Graham Group, an alliance of independent operating businesses, investment firms, and philanthropic entities, which all share in the common legacy of entrepreneur Donald Graham.