Growth Partners

The Partner That Takes Your Business To The Next Level

About Us


Next Sparc is a Cleveland-based, professional family office that makes direct investments in rapidly growing founder-led and family owned businesses. We leverage our entrepreneurial experience, operational expertise, insights from 100+ transactions since 2009, and a repeatable playbook to grow and scale companies.

We are guided by a unique investment philosophy: To build exceptional businesses and teams for the long term, and accelerate lasting, sustainable growth, rather than focusing on short-term exit strategies.

Our goal is to build partnerships with like-minded individuals who are ready to experience how our value-added expertise and proven best practices can be the indelible Sparc that takes their business to the next level.

“We are experienced growth company operators looking for founders who share our passion for creating great companies. Talent drives success, which is why we put people first, deals second.”

– Len Pagon, Chairman and CEO
Next Sparc Growth Partners

 

Len Pagon is Chairman and CEO of Next Sparc, LLC, which invests in emerging Internet-based, software and services-based companies and helps them achieve significant growth. During the last eight years, Next Sparc has successfully completed many investments.

Miles is CFO of Next Sparc, before which he spent his formative years as a Director with PwC in the Transaction Services group. He also acts as CFO of several portfolio companies.

Nathan Carmon is an Operating Partner with Next Sparc. Nathan has significant technology, consulting and operational experience as a Partner with Ernst & Young, Cap Gemini Ernst & Young, and Brulant.

James Carey is a Partner at Next Sparc and leads the Business Development efforts at the firm. James has over 15 years of private equity experience with Peterson Partners, H.I.G. Capital, and New River Capital Partners.  

Andrew McKenna is an Associate at Next Sparc, where he is responsible for evaluating investment opportunities and working with portfolio companies.

Adam Pagon is an Associate at Next Sparc, where he is responsible for supporting business development and operations initiatives for portfolio companies.

Julie Shaw is an Executive Assistant and Human Resource
Coordinator at Next Sparc and at Portfolio Companies. Julie
focuses on the needs of the team and leads employee
experience and engagement and new hire coordination.

Portfolio

Next Sparc's Investment Portfolio

We have made more than 100 investments and are strategically and significantly growing our portfolio. Learn more about the Next Sparc family of companies below.

  • All
  • Business Services
  • Consumer
  • Manufacturing & Distribution
  • Technology

Flexjet

GenomOncology

Coms Interactive

ApplyBoard

Hoodmart

Rosetta-Brulant

Kinetiq Digital

Robots and Pencils

Zilker

Simcom

Tiger Pistol

Way Interglobal Network

Tuvoli

Terrapin Ridge Farms

Stonebriar

Stonebriar

The Right Match

What we look for in investment opportunities

Next Sparc is aggressively seeking majority acquisition and/or controlling interest investments in the emerging technology space. We are targeting eCommerce (online retail) companies and Software as a Service (SaaS) solutions focused on Marketing Technology and Health Care/Fitness.

The Online Retail targets that we pursue generally fit the following criteria:
Revenues of $3M-50M (or more) ideally with gross margins of 40%, EBITDA of at least 10%
For smaller sized businesses, must show a market opportunity to grow to $25M+ over next 2-5 years or tuck-in possibilities for existing portfolio
Prefer capital efficient situations: primarily drop ship, low inventory, no or very limited physical retail locations
Consumable driven products with strong hobby or affinity group; anything that results in re-ordering and includes a repeatable customer base (Food Crafting is a great example)
Home Furnishings and designer items
Sports & Fitness, including outdoor fitness, triathlons, biking, cycling, running, skiing, yoga, golf, hiking, and apparel
For SaaS opportunities, we look for the following:
Revenues of $5M-30M (or more)
Solutions which include heavy focus on leveraging mobile and social media platforms
Vertical focus on Marketing Technology (Analytics, Search Marketing, Lead Generation, etc.) and Health Care/Fitness
We are dedicated to building a great portfolio of companies that can leverage a common technology and operational infrastructure. Your enterprise could be the next great addition to our team. Contact us today to discuss how we can provide the spark to help your business grow to the next level!

Our business is guided by 4 core principles – these are built into everything we do, every decision we make, and every partnership we form

  • Building exceptional
    businesses
  • Working with
    passionate talent
  • Having fun along
    the way
  • Making a
    difference

Latest News

Next Sparc’s Investment Portfolio

Next Sparc Accelerates Zilker’s Growth and Exit Strategy CLEVELAND (PRWEB) DECEMBER 10, 2020 Next Sparc, a Cleveland-based private capital group, recently

WAY Staging Two-Week Open House Event BY RV PRO Staff – RV PRO Although the coronavirus has caused the cancellation

Way Expands R&D, Operations Team BY RV News Staff – RV News Way announced two organizational changes to keep pace

Contact Us

If your business, or a business you are representing, fits our investment profile, we’re ready to have a meaningful discussion with you about potential partnership opportunities.