Capital Ventures acquires Next Chapter Advisory Group, bolstering operator-led M&A services

AND Capital Ventures has recently completed its acquisition of Next Chapter Advisory Group, which marks a significant development in their private equity operations. This strategic move aims to enhance their ability to effectively allocate capital across key sectors such as healthcare, construction, and energy, as affirmed by CEO Teruel Carrasco.

The investment firm AND Capital is strategically establishing sector-focused funds across various industries, with a particular emphasis on healthcare innovation, construction, and energy. This acquisition of Next Chapter Advisory Group bolsters AND Capital’s capabilities in executing transactions within these sectors, providing a solid platform for both capital partners and portfolio companies.

Founded in 2023 by Ewing Gillaspy, Chris Rex, and Mark DeChant, Next Chapter Advisory Group brings a wealth of experience as operators and business owners to the table. With their in-depth understanding of the challenges and opportunities faced by their clients, the team has facilitated numerous transactions amounting to hundreds of millions in enterprise value over the past three years. This acquisition is expected to leverage Next Chapter’s expertise in transaction execution, bolstering AND Capital’s deal-sourcing efforts and instilling greater confidence in their ability to identify and close opportunities within their target sectors.

Following the acquisition, Next Chapter will operate as AND Capital’s dedicated M&A advisory arm, spearheading deal origination, transaction execution, and limited partner recruitment. Rest assured, ongoing client engagements will proceed seamlessly under the new structure. Ewing Gillaspy, Co-Founder of Next Chapter, expressed enthusiasm about the enhanced capabilities and resources that AND Capital brings to their mission of assisting founders and business leaders in navigating critical decisions for their companies.

AND Capital Ventures, a private equity firm committed to fostering long-term value creation in its target sectors, values partnerships with founders, operators, and capital partners alike. In a similar vein, Next Chapter Advisory Group, an operator-led M&A advisory firm specializing in the lower-middle-market segment, offers invaluable insights and expertise in guiding clients through acquisitions, exits, recapitalizations, and strategic partnerships across various industries.

It is essential to note that certain statements made in this announcement are forward-looking and are subject to risks and uncertainties. While the anticipated strategic benefits of the acquisition and the firm’s future growth initiatives are promising, there are no guarantees of their realization. As such, caution should be exercised in interpreting these projections.