Valley Bakery Sold to Private Equity Firm

A commercial bakery of pita chips, croissants and bagels has been purchased by a Dallas private equity firm for more than $15 million. Global Bakeries Inc. in Pacoima specializes in non-GMO bread products that are sold in Trader Joe’s, bakeries and restaurants. Surge Private Equity used $15 million in financing from Firmament Group in New York in its acquisition of Global. Global founder Albert Boyajian retains equity in the company and will be on the board of directors with Surge partners Tom Beauchamp and Lewis Sharp and Firmament Vice President Lauren Steel. “We are eager to assist in taking Global Bakeries to the next level by continuing to expand our offerings into organic and gluten-free,” Beauchamp said in a statement.