Surjik Group, the parent company of SurgeZirc Media, has announced the acquisition of eighty percent (80%) of shares by South African-based American private investor Caleb Buford.
The acquisition process, which began in October 2023, was successfully concluded on January 1, 2024. While the financial value of the acquisition has not been disclosed, this development marks a significant milestone for Surjik Group and presents numerous opportunities for growth and success.
SurgeZirc Media, founded by Sam Zewas in 2018 and managed by Xoliswa Magidigidi as CEO, is a digital publishing company operating under the Surjik Group umbrella. With this acquisition, the existing leadership structure of the operating companies under Surjik Group will remain intact until further notice.
In a statement to reporters, Caleb Buford, the new chairman of Surjik Group, expressed his excitement about the recent acquisition and his commitment to the company’s growth and prosperity.
He stated, “I am thrilled to announce that I have recently acquired a majority share in Surjik Group. This exciting development marks the beginning of a new chapter for the company and presents numerous opportunities for growth and success.”
Buford, as the new majority shareholder, is fully dedicated to contributing to the growth and success of Surjik Group. He firmly believes in the company’s potential and its ability to make a significant impact in the market. Buford expressed his eagerness to work closely with the existing team, leveraging his experience and expertise to help turn the company’s vision into reality.
Surjik Group has a strong foundation and a solid reputation in the industry. The acquisition provides the company with the necessary resources and strategic advantage to reach new heights. Buford’s goal is to build upon the existing strengths of Surjik Group and capitalize on new opportunities, ensuring sustainable growth and long-term success.
As the new majority shareholder, Buford recognizes the responsibility that comes with his position. He is fully committed to upholding the company’s values, principles, and ethical standards. Collaborating closely with the management team, Buford plans to implement effective strategies, foster innovation, and enhance operational efficiency.
Furthermore, Buford is dedicated to fostering a culture of collaboration, transparency, and accountability within Surjik Group. By empowering employees and encouraging their professional development, he aims to create an environment that fosters creativity, teamwork, and excellence.
Buford concluded his statement by expressing his confidence in the collective efforts of Surjik Group. With a shared vision and a commitment to excellence, he believes the company will continue to thrive and positively impact the industry.
He expressed gratitude for the ongoing support and looks forward to an exciting journey ahead as Surjik Group embarks on this new phase of growth and success.