Next Sparc Growth Partners Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Next Sparc Growth Partners has acquired 1 company. It has also invested in 4 others.

Next Sparc Growth Partners’ most common sectors for investment areinformation technology (17%) and manufacturing (9%) . The Firm’s most common investment types include growth capital (50%) and buyout (lbo, mbo, mbi) (17%). In total, Next Sparc Growth Partners has invested in 6 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2013 when it acquired Flexjet for $185M.

In the last 3 years, Next Sparc Growth Partners has exited 1 company. The Firm’s most common exit type is trade sale (100%).

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M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity12
    • M&A Sell Activity3
  • Total Sectors Invested 11
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8

Next Sparc Growth Partners

7 1/2 N Franklin St,
Chagrin Falls, Ohio 44022
United States
(440) 600-2229
www.nextsparc.com
contact@nextsparc.com


Investment Criteria

Sectors of Interest: Aerospace, Consumer Products, E-Commerce, Financial Services, Food, Healthcare Services, Information Technology, Internet Software and Services, Manufacturing, Marketing, Software, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 5 100
Target EBITDA 1 10
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 7 - 2 1 2 - 12
vol $185M $185M
Sell (0.4/yr) # 1 1 - 1 - - 3
  15

Most Recent M&A

Company Date Value Type
Redwood Living, Inc. 2023-01-01 - Growth Capital
Independence, Ohio · www.byredwood.com
KEO World, Inc. 2023-01-01 - Growth Capital
Miami, Florida · www.keoworld.com
Way Interglobal Network LLC 2022-11-14 - Trade Sale
Elkhart, Indiana · www.wayinterglobal.com
North American Kitchen Solutions, Inc. 2022-11-10 - Secondary Buyout
Elyria, Ohio · www.hoodmart.com
At Why Cycles, Inc. 2021-11-16 - Growth Capital
Carbondale, Colorado · www.revelbikes.com
ApplyBoard, Inc. 2021-08-04 - Venture
Kitchener, Ontario · www.applyboard.com
Zilker Technology LLC 2020-11-18 - Trade Sale
Austin, Texas · www.ztech.io
Simcom Aviation Training 2019-08-29 - Stake Purchase
Orlando, Florida · www.simulator.com
Way Interglobal Network LLC 2019-06-06 - Buyout (LBO, MBO, MBI)
Elkhart, Indiana · www.wayinterglobal.com
Tiger Pistol, Inc. 2019-01-01 - Buyout (LBO, MBO, MBI)
Austin, Texas · www.tigerpistol.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Flexjet LLC 2013-09-05 Flying Colours Corp. 2023-08-01 3
Richmond Heights, Ohio · www.flexjet.com Peterborough, Ontario · www.flyingcolourscorp.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 1 (11%) - 2 (17%) -
Transportation 1 (11%) 185M (100%) 1 (8%) 185M (100%)
Aerospace 1 (11%) - 1 (8%) -
Consumer Products 1 (11%) - 1 (8%) -
Consumer Services 1 (11%) - 1 (8%) -
Distribution - - 1 (8%) -
Internet Software and Services 1 (11%) - 1 (8%) -
Manufacturing 1 (11%) - 1 (8%) -
Marketing 1 (11%) - 1 (8%) -
Real Estate 1 (11%) - 1 (8%) -
Software - - 1 (8%) -
Total 9 $185M 12 $185M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (89%) 185M (100%) 11 (92%) 185M (100%)
  Ohio 3 (33%) 185M (100%) 4 (33%) 185M (100%)
  Florida 2 (22%) - 2 (17%) -
  Texas 1 (11%) - 2 (17%) -
  Missouri 1 (11%) - 1 (8%) -
  Colorado 1 (11%) - 1 (8%) -
  Indiana - - 1 (8%) -
Canada 1 (11%) - 1 (8%) -
  Ontario 1 (11%) - 1 (8%) -
Total 9 $185M 12 $185M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 4 (44%) - 6 (50%) -
Buyout (LBO, MBO, MBI) 1 (11%) - 2 (17%) -
Divestiture 1 (11%) 185M (100%) 1 (8%) 185M (100%)
Secondary Buyout 1 (11%) - 1 (8%) -
Stake Purchase 1 (11%) - 1 (8%) -
Venture 1 (11%) - 1 (8%) -
Total 9 $185M 12 $185M

Exits by Deal Type

Type Total # Value
Trade Sale 3 (100%) -
Total 3 -

Deal Values

buy # Total
$100M to $1B 1 $185M
TOTAL $185M
Largest Flexjet LLC
$185M (2013-09-05)

M&A Connections

Deals
Acquired from
Investor(s)
17%
2 (17%)
Strategic(s)
8%
1 (8%)
Exited to
Strategic(s)
100%
3 (100%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Small

Established

2009

Specialist/Generalist

Generalist

Leadership

Len Pagon

Chairman & CEO

James Carey

Partner

Miles Molyneaux

CFO

Nathan Carmon

Operating Partner

FAQ

When was Next Sparc Growth Partners founded?

Next Sparc Growth Partners was founded in 2009.

What type of investor is Next Sparc Growth Partners?

Next Sparc Growth Partners is a growth capital firm.

Where is Next Sparc Growth Partners headquartered?

Next Sparc Growth Partners is headquartered in Chagrin Falls, Ohio.

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