NextTrip Acquires Five Star Alliance

Blue Star Innovation Partners Acquires Majority Stake in TravelNet Solutions

July 26, 2022

Cloud & SaaS

Blue Star Innovation Partners has acquired a majority stake in TravelNet Solutions (TNS), a Minneapolis‑based provider of Track Hospitality Software and related vacation‑rental platforms. The investment will be used to accelerate product development, expand support and hiring, and pursue M&A to add complementary solutions; TNS's existing leadership remains in place and VTrips exited its stake.

Sigma Additive Solutions to Acquire NextTrip Holdings; NextTrip to Become Public

September 7, 2023

Cloud & SaaS

Sigma Additive Solutions (NASDAQ: SASI) signed a non-binding LOI to acquire 100% of NextTrip Holdings, Inc. in exchange for Sigma common stock (initially representing 19.99% of Sigma) with additional milestone-based earnout shares, giving an initial implied valuation of approximately $48 million if all milestones are achieved. The combination would result in Sigma changing its name to NextTrip, providing NextTrip a path to become a publicly traded company on Nasdaq; the transactions are subject to definitive agreements, approvals and customary closing conditions. Sigma also announced an LOI to sell certain additive-quality-assurance IP/assets to a strategic buyer as part of a broader strategic realignment.

The Jordan Company Invests in Five Star Holding

March 30, 2022

Packaging

The Jordan Company has agreed to invest in Five Star Holding, a Houston-based integrated flexible packaging manufacturer, taking a minority position alongside the company’s current owners. The growth capital partnership will support Five Star’s expansion and sustainability initiatives, including its PCR recycling and bio-film development capabilities.

SumUp Acquires Fivestars for $317M

October 28, 2021

Payments & Fintech

SumUp, the London-based payments provider, completed its acquisition of San Francisco-based Fivestars on October 28, 2021 for $317 million in cash and stock. The deal gives SumUp its first U.S. presence and integrates Fivestars' payments, loyalty and marketing automation platform while Fivestars' leadership, including CEO Victor Ho, remain in place.

Sodexo's InReach Acquires Five Star Food Services

February 5, 2024

Food & Beverage

Sodexo's InReach, the foodservice arm of Sodexo North America, has acquired Five Star Food Services, a family-owned foodservice provider headquartered in Stafford, Texas. The purchase expands InReach's presence in the Houston area and integrates Five Star's local contract catering capabilities into Sodexo's Houston operations.

Pole Star Global Acquires StratumFive Group

October 17, 2023

Software

Pole Star Global has acquired StratumFive Group to integrate StratumFive's Podium5 voyage informatics platform into its maritime intelligence suite. The deal strengthens Pole Star's fleet monitoring, voyage optimisation and emissions-tracking capabilities; StratumFive's founder and CEO will join Pole Star in newly created leadership roles.