M&A Deal Summary

Sparq Acquires Centare

On August 12, 2021, Sparq acquired internet software and services company Centare from Hadley Capital

Acquisition Highlights
  • This is Sparq’s 1st transaction in the Internet Software and Services sector.
  • This is Sparq’s 1st transaction in the United States.
  • This is Sparq’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2021-08-12
Target Centare
Sector Internet Software and Services
Buyer(s) Sparq
Sellers(s) Hadley Capital
Deal Type Add-on Acquisition

Target

Centare

Brookfield, Wisconsin, United States
Centare provides application development and agile coaching and training services. Centare delivers mobile, web, and enterprise applications utilizing agile techniques and leading-edge technologies. Centare was founded in 1999 and is based in Brookfield, Wisconsin.

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Buyer(S) 1

Buyer

Sparq

Atlanta, Georgia, United States

Category Company
Founded 2004
Sector Information Technology
DESCRIPTION

Sparq is a provider of outsourced digital engineering to build, deploy and support digital applications, products, and experiences. Sparq’s engagement framework for Agile software engineering, provides rapid and flexible deployment of multidisciplinary teams via an elastic consumption model and predictable monthly pricing. It provides solutions for technology-driven and Fortune 1000 clients across various industries including logistics and transportation, healthcare, high-Tech, and financial services. Sparq was founded in 2004 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 4
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 Octobot

Montevideo, Uruguay

Octobot deploys a nearshore delivery model with colleagues across Uruguay, Argentina, and Colombia. Primarily serving U.S.-based clients, the company offers end-to-end software development solutions including product strategy & design, data engineering and cloud development services. Octobot was founded in 2014 and is headquartered in Montevideo, Uruguay.

Buy -

Seller(S) 1

SELLER

Hadley Capital

Wilmette, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Hadley Capital is a private equity firm that targets investments in small, established companies. The Firm looks for businesses generating sales of $5 to $30 million and EBITDA of $1 to $5 million. Hadley Capital seeks opportunities across a variety of industries; including manufacturing, business services, and distribution. Prospective transaction types include acquisitions, leveraged buyouts, management buyouts, recapitalizations, growth capital financings, and industry consolidations. Hadley Capital was formed in 1998 and is based in Wilmette, Illinois.


DEAL STATS #
Overall 9 of 12
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 5
State: Wisconsin M&A 2 of 2
Country: United States M&A 9 of 12
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-15 Equustock

Loves Park, Illinois, United States

Equustock is a manufacturer of premium animal bedding and litter products, predominantly horse bedding shavings and pellets. Equustock was founded in 2001 and is based in Loves Park, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Advanced Glass Industries

Rochester, New York, United States

Advanced Glass Industries is a manufacturer of precision machined optical glass blanks. AGI’s products are found in diverse end industries requiring precision optics including aviation, transportation, defense, medical, satellite, and others. Advanced Glass Industries is based in Rochester, New York.

Buy -