About Sparus Holdings
Sparus Holdings is an Energy & Utilities company based in Peachtree Corners (United States) founded in 1946, and was acquired by Ridgemont Equity partners in September 2021. Provider of leak detection and pipeline inspection services. Sparus Holdings has completed 3 acquisitions, including Allegiant Utility Services, JW’s Pipeline Integrity Services and Tru-Check. Its chief executive, as recorded, is Rich Summers. Sparus Holdings offers products and services including Metering, Locating and Damage Prevention, Professional Services, Operations and Maintenance, and Satellite Data Services. Its focus areas include Energy, Oil & Gas Midstream, Transportation and Pipelines. Its competitors include DarkPulse Technologies and NG Advantage; 2 of its 2 listed competitors have raised funding.
Company details
Sparus Holdings was founded in 1946 and is headquartered in Peachtree Corners, United States. Operations focus on the utilities and energy sector, where leak detection and pipeline inspection services are delivered. Additional offerings include corrosion inspection, pipeline integration, meter installation, compliance reporting, smart grid deployment, power voltage inspection, water grid inspection, and meter reading. These services support infrastructure maintenance across various grids.
- Headquarters Peachtree Corners, United States
- Stage Acquired
- SectorsEnergy & Utilities
- Email••••••••
- Website sparusholdings.com
- Social LinkedIn Facebook Instagram
- Acquired by Ridgemont Equity partners (Sep 2021)
- Latest Funding Round$4M (USD), Debt – Conventional
Jul 2014
- InvestorsCapital Group
& 1 more
- Investments & AcquisitionsAllegiant Utility Services
& 2 more
- Acquired byRidgemont Equity partners
(Sep 2021)
Products & Services of Sparus Holdings
Sparus Holdings offers a comprehensive portfolio of products and services, including Metering, Locating and Damage Prevention, Professional Services, Operations and Maintenance, and Satellite Data Services.
Services for measuring and managing utility meters
Identification and prevention of utility damage
Project management and support for utilities
Outsourced programs for utility operations
Data solutions for utility infrastructure
Funding Insights of Sparus Holdings
- Total Rounds 1
- Last Round Debt – Conventional — $4M
- First Round $4M
(Jul 2014)
- Investors Count 1
All 1 funding rounds of Sparus Holdings with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2014 | $4M | Debt – Conventional | – | – |
2 investors in total: 2 institutional.
Investors in Sparus Holdings
Sparus Holdings has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Capital Group and Ridgemont Equity partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Mid-market companies are invested in by this private equity firm. | ridgemontep.com | Charlotte, United States | ||
Investment management services are provided for long-term investors. | capitalgroup.com | Amsterdam, Netherlands |
Investor details for Sparus Holdings
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People of Sparus Holdings
23 people are tracked at Sparus Holdings (14 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Rich Summers | CEO | Leadership |
Jay Squance | Chief Financial Officer | Leadership |
Jeff Schechtman | Chief Operating Officer | Leadership |
Aaron Gibbs | Vice President, Damage Prevention | Leadership |
Richard Summers | Chief Executive Officer | Leadership |
Lindsay Van Benthuysen | Director Of Proposals, Marketing & Sales Support | Leadership |
James Kimble, CPCM, LSSGB | Director, Administration | Leadership |
Jennifer (Fisher) Rose | Sr. Vice President, Gas Operations | Leadership |
Jody Boyles | Vice President - Business Development | Leadership |
Umesh Rao | Chief Technology Officer | Leadership |
Dennis Reed | Director Technology Infrastructure | Leadership |
Joshua Komisar | Vice President Finance | Leadership |
John Edwards | Chief Human Resources Officer | Leadership |
Gerald V. Sims | Vice President Of Business Development | Leadership |
Kathleen C. | Administration Manager | Team |
Kevin Baldwin | Controller | Team |
Brandi Cordeiro | Staff Accountant | Team |
Tori Covington | Business Development Manager | Team |
Dana Bradford, CPA | Controller | Team |
Nakiara Jordan | IT Support Technician | Team |
3 more people are available in the full profile.
Complete people profiles for Sparus Holdings
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Investments & Acquisitions by Sparus Holdings
Sparus Holdings has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Allegiant Utility Services, JW’s Pipeline Integrity Services and Tru-Check.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of metering products and services across residential and commercial | allegiantutilityservices.com | Manor, United States | 1996 | Feb 2023 | •••• | |
Gas, water, and electricity are distributed by Tru-Check. | trucheck.com | Lawrenceville, United States | 1993 | Feb 2023 | •••• | |
Pipeline integrity assessments and maintenance services are provided. | jwspiservices.com | Carrollton, United States | 2004 | Mar 2012 | •••• |
Complete acquisition details for Sparus Holdings
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Timeline of Sparus Holdings
7 dated milestones of Sparus Holdings across 77 years, from founding to its latest funding, stage changes and deals.
- Founded Sparus Holdings is founded.
- Acquisition Acquires JW’s Pipeline Integrity Services.
- Funding First funding round of $4.0M.
- Exit Acquired by Ridgemont Equity partners.
- Acquisition Acquires TruCheck.
- Acquisition Acquires Allegiant Utility Services.
- Acquisition Acquires Tru-Check.
Competitors of Sparus Holdings
Sparus Holdings has 2 listed competitors in our database, 2 of them funded. They include DarkPulse Technologies and NG Advantage.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| darkpulse.com | 2009 | Scottsdale, United States | $850,000 | Fiber optic sensors are supplied for industrial monitoring applications. | ||
| ngadvantage.com | 2011 | Colchester, United States | $45.3M | 35 | Technological pipeline solutions are developed and provided to energy sectors. |
Detailed competitors of Sparus Holdings
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Web traffic of Sparus Holdings
The website of Sparus Holdings (sparusholdings.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 59.1% vs previous month
Top companies in Oil & Gas Operations
3 companies that operate in the same segment as Sparus Holdings (Oil & Gas Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | USD 35.69 B | 110,000 | ||
bp is recognized as a global energy company. | 1909 | United States | USD 185.5 B | 100,500 | ||
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | USD 16.73 B | 14,700 |
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Related news about Sparus Holdings
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Frequently Asked Questions about Sparus Holdings
Sparus Holdings was founded in 1946 and raised its 1st funding round 68 years after it was founded.
Sparus Holdings is headquartered in Peachtree Corners, United States. It is registered at Peachtree Corners, Georgia, United States.
Rich Summers is the CEO of Sparus Holdings, as recorded in our data.
Sparus Holdings was founded in 1946 and is headquartered in Peachtree Corners, United States. Operations focus on the utilities and energy sector, where leak detection and pipeline inspection services are delivered. Additional offerings include corrosion inspection, pipeline integration, meter installation, compliance reporting, smart grid deployment, power voltage inspection, water grid inspection, and meter reading. These services support infrastructure maintenance across various grids.
Sparus Holdings's top competitors include NG Advantage and DarkPulse Technologies.
Sparus Holdings offers Metering, Locating and Damage Prevention, Professional Services, Operations and Maintenance, and Satellite Data Services.
Sparus Holdings has made 3 acquisitions, including Allegiant Utility Services, JW’s Pipeline Integrity Services, and Tru-Check.
Sparus Holdings has 2 investors. Key investors include Capital Group, and Ridgemont Equity partners.
Yes. Sparus Holdings was acquired by Ridgemont Equity partners in September 2021.