Evolution Investments

Evolution Investments, managed by Evolution Capital Partners, is a private equity firm based in Cleveland, Ohio, founded in 2005. The firm focuses on early to growth-stage investments in entrepreneurial businesses across the United States and Canada, particularly in sectors such as business services, distribution, financial services, healthcare services, information services, niche manufacturing, and technology-enabled companies. Evolution Investments typically targets established companies with revenues between $5 million and $50 million and aims to invest between $3 million and $10 million in equity, along with debt investments ranging from $1 million to $4 million. The firm seeks businesses that generate at least $500,000 in EBITDA and maintain minimum cash flow margins, with a plan to achieve significant free cash flow growth within three to seven years. Evolution Investments prefers to take majority stakes and often acts as the lead investor, supporting companies through its unique process designed to foster organizational growth.

Michael Gerbasi

Partner

Kim Lapcewich

Partner

22 past transactions

Meteoric Resources

Post in 2023
Meteoric Resources listed on ASX in 2004 and now holds a portfolio of exploration projects in Canada. Recent project acquisitions include Midrim & La Force in Quebec and Iron Mask & Mulligan in Ontario. Meteoric is focussed on expanding upon the extensive existing data and research to build a regional polymetallic and primary cobalt exploration profile. The management team includes experts in the field with previous project specific experience.

EnviroScience Consultants

Private Equity Round in 2021
EnviroScience Consultants Inc. is an environmental consulting firm that specializes in asbestos, environmental remediation, lead-related issues, indoor air quality, subsurface investigations, construction inspection and testing services, occupational training, and industrial hygiene. The firm offers consulting, design, laboratory, and inspection services.

Health Technologies

Acquisition in 2020
Health Technologies, Inc., operating as DiningRD.com, specializes in providing dietitian consulting and training services specifically for long-term care facilities. Established in 1993 and located in Saint Louis, Missouri, the company focuses on enhancing foodservice operations within these communities. It offers a range of educational resources, including guideline manuals and training programs, to support the foodservice industry. Additionally, Health Technologies provides customized online menu solutions through its platform and sells various manuals online, catering to the specific needs of its clients.

MycoTechnology

Series D in 2020
MycoTechnology utilizes fungi-based food-processing platforms to transform the flavor and value of agricultural products. The platform can be used to solve a variety of challenges faced by the food, beverage, and flavor industries. MycoTechnology has released ClearTaste, an all-natural, GMO-free, organic bitter blocker that is Kosher and Halal certified. ClearTaste improves the flavor of various agricultural products. MycoTechnology also engages in fermenting agricultural products with strains of gourmet fungi. The company offers myceliated chocolate as well as robusta and arabica coffee beans. It develops and licenses technology to the industry to naturally improve the flavor of robusta and arabica coffee. The company was incorporated in 2013 and is based in Aurora, Colorado.

Empire Dental Arts

Acquisition in 2020
Empire Dental Arts LLC is a dental partnership organization based in Mentor, Ohio, established in 2016. The company specializes in providing clinic-level operational support and centralized back-office services to a network of dental practices. Its offerings include human resources, payroll and benefits management, accounting, vendor management, insurance handling, accounts receivable, and IT management. By streamlining these administrative functions, Empire Dental Arts enables partner dentists to focus more on patient care and clinical responsibilities.

Cap City Dental Lab

Private Equity Round in 2018
Cap City Dental Lab, founded in 1999 and headquartered in Columbus, Ohio, specializes in dental implants, offering a range of products including crowns, dentures, partials, and bridges. The lab serves dentists, dental-service organizations, and other dental labs across the United States. Committed to delivering high-quality products, Cap City Dental Lab aims to enhance the efficiency and success of its clients' practices by providing an exceptional lab experience.

NexTech Partners

Private Equity Round in 2018
NexTech Partners, Inc. is a company based in Pearl, Mississippi, that specializes in the refurbishment and distribution of used voice and networking products, as well as networking, telephony, storage, and workstation equipment. Founded in 2009, the company offers a range of services including repair, trade-out programs, and e-waste disposal management. By focusing on the lifecycle management of technology assets, NexTech Partners enables clients to optimize their technology budgets through recycling, asset recovery, and resale solutions. The company's commitment to data security and responsible equipment waste management positions it as a valuable partner in the technology sector.

Federos

Series B in 2018
Federos LLC, established in 2005 and located in Frisco, Texas, specializes in providing digital service assurance solutions tailored for communications companies, managed service providers, and enterprises. The company offers a range of services, including fault management, performance management, and service management, aimed at enhancing the reliability and efficiency of critical networks and systems. Federos focuses on integrating artificial intelligence to optimize assurance, analytics, and automation, which helps in monitoring and managing the availability and performance of services. Additionally, the company supports the transformation of carrier and enterprise networks by providing advanced visualization and integrated service management tools that streamline business processes and reduce operational costs.

Renascent Salvage Holdings

Acquisition in 2017
Renascent Salvage Holdings is a holding company that acquires automotive salvage yards and recycling facilities.

Learning Horizons

Acquisition in 2017
Learning Horizons, Inc. was a designer and distributor of educational products through a variety of channels including club stores, office superstores, toy stores, grocery stores, drug stores and bookstores.

Heavy Equipment Colleges of America

Private Equity Round in 2015
Heavy Equipment Colleges of America operates specialized training schools focused on heavy equipment operation. Since its establishment in 2006, the institution has been headquartered in Henderson, Nevada. It provides comprehensive training programs that cover the operation and maintenance of various heavy machinery, including wheel loaders, excavators, skidsteers, bulldozers, backhoes, and cranes. In addition to hands-on equipment training, the college offers instruction in essential skills such as reading blueprints, evaluating soil conditions, and applying basic math principles for calculating volume and weight. To enhance employability, Heavy Equipment Colleges also assists students with job search techniques, resume preparation, and interview skills. With a commitment to fostering better job opportunities, the college aims to equip individuals with the necessary skills for success in the heavy equipment industry.

ROI Networks

Acquisition in 2014
ROI Networks, LLC, based in Mission Viejo, California, is a systems integrator that specializes in enterprise-class communication and networking solutions for a diverse clientele, including small, medium, and large businesses, as well as state and local government agencies. Founded in 2002, the company provides a range of services including project management, ongoing maintenance, and implementation of various integration solutions such as Microsoft Lync, Polycom, and Cisco. ROI Networks also offers a unified communications as-a-service (UCaaS) platform that integrates voice, data, wireless, text, and video collaboration into a single architecture, allowing clients to access services across multiple devices while simplifying technology and reducing costs. The company's offerings can be deployed as premises-based, hosted, or cloud-based solutions, ensuring flexibility for its customers.

Knowledge Center Enterprises

Acquisition in 2014
Knowledge Center Enterprises, LLC specializes in providing software systems designed to support and automate incident and event management. Based in Bridgeville, Pennsylvania, the company focuses on mission-critical incident management solutions, offering a comprehensive Knowledge Center software suite that connects responders to essential resources during both planned events and emergencies. Their product offerings include Knowledge Center Essential, which delivers basic features for managing various events, and the Knowledge Center Maxx line, which integrates real-time communication, incident management, document management, and reporting tools to enhance situational intelligence. Additionally, they provide customizable stand-alone web-based solutions and KC in Action, a resource featuring lessons learned and industry insights. Knowledge Center Enterprises serves a diverse range of sectors, including emergency management, healthcare, education, transportation, finance, utilities, entertainment, government, and non-profit organizations. The company was founded in 2004.

Cascade Healthcare Solutions

Acquisition in 2014
Cascade Healthcare Solutions was founded on the premise of helping our customers save money and making their buying experience as smooth as possible. With an ever-expanding product selection and competitive pricing, Cascade Healthcare Solutions has become one of the fastest growing medical product supplies companies.

AXIOM Sales Force Development

Acquisition in 2013
AXIOM Sales Force Development, LLC is a sales performance development company based in Richardson, Texas, specializing in integrated learning and technology training services for businesses and sales organizations across the United States. The company offers a range of services aimed at enhancing sales performance, including sales training, coaching, opportunity management, and sales forecasting. Key solutions include GUIDE Sales Coaching, which assists managers in developing their team's skills; Opportunity Manager, an application that analyzes customer decision-making stages; and Account Planning and Management, which helps Salesforce.com users implement effective account strategies. Additionally, AXIOM provides an Online Learning Library that supports skill reinforcement and the AXIOM Integrated Selling Suite, which combines selling methodologies with real-time applications for opportunity and account management. Founded in 1990, AXIOM was previously known as Burton Training Group.

Budco Financial

Acquisition in 2012
Budco Financial Services LLC is a payment plan program management company based in Detroit, Michigan, specializing in comprehensive financial solutions for the automotive and healthcare industries. Established in 1981, the company provides a range of services, including installment payment plans, vehicle service contracts, cash management, and concierge services for automotive clients. In the healthcare sector, Budco offers provider and patient benefit plans, alongside similar e-contracting and concierge services. By facilitating no-interest or low-interest payment solutions, Budco helps original equipment manufacturers (OEMs) and dealers generate additional revenue streams while assisting healthcare providers in minimizing bad debt and enhancing patient satisfaction. The company distributes its services through dealers, direct marketing, and online channels.

SEAM Group

Acquisition in 2012
Two decades ago Lewellyn Technology was founded with a focus on electrical safety training for maintenance workers. Hiring many experienced former maintenance workers, the company saw the opportunity to fill a need in the industry offering practical training taught by those experienced in their industry. In the past twenty years, Lewellyn Technology has grown into an industry leader in safety. With offering services in Arc Flash, Combustible Dust, and Lockout/Tagout safety, Lewellyn Technology has expanded its offering a wide range of safety services. From assessments and consulting to engineering and training, Lewellyn Technology has evolved beyond just electrical safety training. While our team of in-house, industry experts has grown since our founding, what hasn’t changed is the practical, thorough, and company-wide commitment to workplace safety, whether our team is teaching an introductory course or examining a multi-building facility. That’s just how we’re wired.

American Eagle Mortgage

Private Equity Round in 2009
American Eagle Mortgage Co., LLC is a mortgage banker based in Lorain, Ohio, with an additional office in Naples, Florida. Founded in 2000, the company specializes in a variety of mortgage products, including rural housing government-backed loans, jumbo loans, refinance loans, reverse mortgages, and programs for foreign nationals. It also caters to first-time homebuyers by offering conventional, FHA, VA, and USDA loans, in addition to providing specialty mortgage services. As a subsidiary of LendUS, LLC, American Eagle Mortgage aims to deliver comprehensive financial counseling and lending services to its clients.

Turf Ventures

Acquisition in 2008
Turf Ventures is a national provider of turf products and solutions, specializing in the golf course industry. The company supplies a range of chemical products, including fertilizers and fungicides, through established distribution channels. By collaborating with local experts, Turf Ventures aims to deliver leading professional turf maintenance brands, ensuring that municipalities, professionals, and youth sports facilities receive effective solutions for maintaining high-quality turf.

RTS Packaging

Acquisition in 2006
RTS Packaging design and manufacture customized solid fiber and corrugated partitions, folding cartons, sheeted paperboard and die-cut paperboard components.

Accurate Group

Acquisition in 2005
Accurate Group Holdings, Inc. specializes in appraisal management and title services tailored for real estate finance providers. Established in 2003 and headquartered in Cleveland, Ohio, the company offers a comprehensive suite of services, including appraisals, alternative valuations, streamlined and traditional title services, and due diligence solutions. Its focus extends to real estate valuation solutions and technology-driven services that enhance compliance across various loan types, such as mortgage originations, home equity, and refinancing. Additionally, Accurate Group provides commercial valuation services and automated valuation models, catering to the needs of mortgage lending and loan servicing clients in the financial services industry.
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