Evolution Capital Partners
Evolution Capital Partners, LLC, established in 2005, is a private equity firm headquartered in Cleveland, Ohio, with additional offices in Chicago, Atlanta, and Houston. The company specializes in providing growth equity and acquisition capital to small, established businesses in the United States and Canada, with a focus on the Youngstown, Cleveland, Canton, and Akron areas. Evolution targets companies with revenues between $5 million and $50 million, free cash flow between $0.5 million and $2 million, and EBITDA between $0.5 million and $10 million. It typically invests between $3 million and $10 million in equity and prefers debt investments between $1 million and $4 million, seeking majority stakes in companies with a plan to reach $5 million in free cash flow within three to seven years. The firm focuses on business services, distribution, financial services, healthcare services, information services, niche manufacturing, and technology-enabled, scalable businesses. Evolution aims to be the initial institutional capital and lead investor in both control and non-control situations, assisting entrepreneurial businesses in achieving growth through its proprietary process, The Five Pillars of Business Freedom.
Michael Gerbasi
Partner
Kim Lapcewich
Partner
23 past transactions
DataFit
Private Equity Round in 2024
DataFit provides pre-employment physical testing, return to work PCE, PSRA, and MSA evaluation services.
Meteoric Resources
Post in 2023
Meteoric Resources NL is an exploration company engaged in the search for mineral deposits, focusing primarily on gold, cobalt, diamonds, and silver. The company has a diverse portfolio of projects located in Brazil, Canada, Western Australia, and the Northern Territory. Key projects include the Palm Springs Gold Project in the Kimberley Region of Western Australia, the Juruena and Novo Astro Gold Projects in Brazil, and various exploration sites in Ontario, Canada, such as Iron Mask and Mulligan. Incorporated in 2004 and based in West Perth, Australia, Meteoric Resources is dedicated to expanding its exploration activities by leveraging existing data and research, aiming to establish a comprehensive profile for polymetallic and cobalt exploration. The company's management team comprises experts with significant experience in the mining sector.
LEW Corporation
Private Equity Round in 2021
LEW Corporation is an environmental testing & consulting company providing various types of environmental engineering & consulting services.
EnviroScience Consultants
Private Equity Round in 2021
EnviroScience Consultants Inc. is an environmental consulting firm that offers a range of services including consulting, design, laboratory analysis, and inspection. The firm specializes in asbestos management, environmental remediation, lead-related issues, indoor air quality assessments, and subsurface investigations. Additionally, it provides construction inspection and testing services, as well as occupational training and industrial hygiene support. Targeting schools, property owners, and healthcare institutions, EnviroScience Consultants aims to meet the diverse environmental needs of its clients by delivering affordable and convenient solutions.
DiningRD
Acquisition in 2020
DiningRD specializes in innovative food service software and consulting services tailored for senior living communities and long-term care facilities. The company provides online menu planning and dietary consulting programs designed for various sectors, including small acute care hospitals and food service distributors. Staffed by qualified registered dietitians, DiningRD offers training and dietician services focused on enhancing nutritional care, improving dining experiences, and ensuring compliance with regulatory standards. The company’s mission is to elevate the food service experience in the healthcare sector through its expertise and comprehensive support systems.
MycoTechnology
Series D in 2020
MycoTechnology is a food technology company based in Aurora, Colorado, that specializes in utilizing fungi-based food-processing platforms to enhance the flavor and nutritional value of agricultural products. Incorporated in 2013, the company addresses challenges in the food, beverage, and flavor industries through innovative solutions. One of its key products, ClearTaste, is an all-natural, GMO-free, organic bitter blocker that is both Kosher and Halal certified, designed to improve the flavor profile of various agricultural offerings. Additionally, MycoTechnology engages in the fermentation of agricultural products using gourmet fungi, producing items such as myceliated chocolate and enhanced coffee beans. The company also develops and licenses technology aimed at naturally improving the flavor characteristics of robusta and arabica coffee, thereby enabling food producers to incorporate healthier ingredients and strengthen brand association.
Empire Dental Arts
Acquisition in 2020
Empire Dental Arts LLC is a dental partnership organization based in Mentor, Ohio, established in 2016. The company offers clinic-level operational support and centralized back-office services to a network of dental practices. These services include human resources, payroll and benefits, accounting, vendor management, insurance, accounts receivable, and IT management. By handling these administrative functions, Empire Dental Arts allows partner dentists to focus more on patient care, improving the overall efficiency and effectiveness of their practices.
Cap City Dental Lab
Private Equity Round in 2018
Cap City Dental Lab, founded in 1999 and based in Columbus, Ohio, specializes in providing high-quality dental implants, including crowns, dentures, partials, and bridges. The company serves a diverse clientele that includes dentists, dental service organizations, and other dental labs across the United States. Cap City Dental Lab is committed to delivering superior products and services, prioritizing client satisfaction and efficiency to enhance the success of dental practices. With a focus on competitive pricing, the lab aims to support its clients in achieving optimal results in their dental offerings.
NexTech Partners
Private Equity Round in 2018
NexTech Partners, Inc. is a company based in Pearl, Mississippi, specializing in the resale and refurbishment of networking, telephony, storage, and workstation equipment. Founded in 2009, it offers a range of services including the repair of used equipment, trade-out programs, and comprehensive management of e-waste disposal. By focusing on the lifecycle management of technology assets, NexTech Partners assists clients in maximizing their technology budgets through recycling, asset recovery, and resale options. The company distributes both refurbished and new equipment globally, catering to a variety of business needs while ensuring data security and responsible waste management practices.
Federos
Series B in 2018
Federos LLC, founded in 2005 and based in Frisco, Texas, specializes in digital service assurance solutions tailored for communications companies, managed service providers, and enterprises. The company focuses on enhancing operational efficiency through its offerings in fault management, performance management, and service management. Additionally, Federos provides advanced analytics and automation solutions designed to monitor and manage the availability and performance of critical networks and systems. Its products enable integrated service management and advanced visualization across service desk, inventory, provisioning, and billing systems, supporting the transformation of both carrier and enterprise networks.
Renascent Salvage Holdings
Acquisition in 2017
Renascent Salvage Holdings is a holding company focused on acquiring and developing a network of automotive salvage yards and recycling facilities. Based in the Midwestern region, the company aims to enhance its operations by creating efficiencies within its portfolio of automotive salvage yards. Through these acquisitions, Renascent Salvage Holdings intends to drive business growth opportunities in the automotive recycling industry while providing various services related to vehicle salvage and processing.
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 is an educational institution specializing in training for heavy equipment operation. Founded in 2006 and headquartered in Henderson, Nevada, the college provides comprehensive instruction on a range of heavy machinery, including wheel loaders, excavators, skid steers, bulldozers, backhoes, cranes, and ready mix trucks. The training programs encompass equipment operation, maintenance, and safety procedures, as well as essential skills such as reading blueprints, evaluating soil conditions, and applying mathematical principles for volume and weight calculations. In addition to technical training, Heavy Equipment Colleges of America offers support services, including resume preparation, interview skills coaching, and job search assistance, helping students enhance their employment prospects in the heavy equipment industry.
ROI Networks
Acquisition in 2014
ROI Networks, LLC is a systems integrator based in Mission Viejo, California, specializing in enterprise-class communication and networking solutions for small, medium, and large customers both domestically and internationally. Founded in 2002, the company offers a range of services, including project management, implementation, and ongoing maintenance, along with training for its clients. ROI Networks provides integration for various platforms such as Microsoft Lync, Polycom, and Cisco, as well as web-based CRM applications, enabling seamless voice, data, and video communication. Its solutions can be tailored for deployment as premises-based, hosted, or cloud-based systems. Additionally, the company markets Avaya's midmarket, team engagement, and video solutions to various clients, including state and local government agencies and enterprise customers. ROI Networks aims to simplify complex communication technologies and reduce costs through its unified communications as-a-service (UCaaS) platform, which consolidates multiple communication tools into a single architecture accessible across devices.
Knowledge Center Enterprises
Acquisition in 2014
Knowledge Center Enterprises, LLC specializes in providing software solutions designed to support and automate incident and event management frameworks. Founded in 2004 and based in Bridgeville, Pennsylvania, the company offers a comprehensive Knowledge Center software suite that facilitates effective incident management across various sectors such as emergency management, healthcare, education, transportation, finance, utilities, entertainment, and non-profit organizations. Key products include the Knowledge Center Essential service, which provides essential features for managing events and incidents, and the Knowledge Center Maxx product line, which integrates real-time communication, incident management, document management, and reporting tools. Additionally, the company offers optional bundles to enhance its Essential package, standalone web-based software solutions tailored to specific client needs, and KC in Action, a resource for knowledge sharing that includes case studies and industry-related articles. Through these offerings, Knowledge Center Enterprises enables clients to monitor and respond to incidents of all sizes in real-time, ensuring a robust response to both planned events and emergencies.
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 Texas-based company specializing in enhancing sales performance through integrated training and technology solutions. Founded in 1990 and formerly known as Burton Training Group, AXIOM provides comprehensive services for businesses and sales organizations across the United States. Their offerings include sales training, coaching, opportunity management, and sales forecasting aimed at improving overall sales performance. AXIOM's suite of tools features the GUIDE Sales Coaching application, which helps managers develop their team's skills, and the Opportunity Manager, which aids in identifying customer decision stages and optimizing win probabilities. The company also provides resources such as Account Planning and Management for Salesforce.com users, along with an Online Learning Library that reinforces essential sales skills and behaviors. Furthermore, the AXIOM Integrated Selling Suite integrates innovative selling methodologies with real-time applications, streamlining processes related to opportunity management and coaching.
Budco Financial
Acquisition in 2012
Budco Financial Services LLC, established in 1981 and headquartered in Detroit, Michigan, specializes in payment plan program management for the transportation industry, with a focus on automotive, boating, and recreational sports. The company offers a range of services, including installment payment plans, vehicle service contract support, cash management, e-contracting, and concierge services. These solutions enable original equipment manufacturers (OEMs) and dealers to create new revenue streams and improve customer satisfaction, while helping healthcare providers shorten revenue cycles and reduce bad debt. Budco serves its clients through dealers, direct marketing, and internet channels.
SEAM Group
Acquisition in 2012
SEAM Group, originally founded as Lewellyn Technology, specializes in safety, reliability, maintenance, and enterprise asset management services. Over the past two decades, the company has established itself as a leader in the industry, providing a comprehensive range of services that include safety training, consulting, inspections, assessments, and installation and repair. With a strong focus on industries such as hospitality, food processing, and pharmaceuticals, SEAM Group addresses the need for effective management of energized assets. The company is committed to optimizing performance while ensuring workplace safety through practical training delivered by experienced industry professionals. SEAM Group has expanded its offerings to include specialized services in areas such as Arc Flash, Combustible Dust, Lockout/Tagout safety, and electric vehicle charging infrastructure, reflecting its ongoing evolution and dedication to meeting the needs of its clients.
The American Eagle Mortgage
Private Equity Round in 2009
The American Eagle Mortgage is a United States mortgage lender offering a broad portfolio of home financing options, including conventional, FHA, VA and USDA loans, rural housing government-backed loans, jumbo loans, refinances, and reverse mortgages. It serves first-time buyers and other borrowers, provides counseling and specialized mortgage services, and operates offices in Ohio and Florida.
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 chemicals, including fertilizers and fungicides, through established distribution channels. By partnering with leading professional turf maintenance brands, Turf Ventures aims to deliver effective and comprehensive turf solutions to municipalities, professionals, and youth sports facilities. With a team of local experts, the company is committed to ensuring optimal turf management and maintenance for its diverse customer base.
RTS Packaging
Acquisition in 2006
RTS Packaging is a manufacturer specializing in custom-designed solid fiber and corrugated partitions, folding cartons, sheeted paperboard, and die-cut paperboard components. They serve the inner packaging industry by offering diverse product options tailored to meet clients' specific needs at competitive prices.
Accurate Group
Acquisition in 2005
Accurate Group Holdings, Inc., established in 2003 and headquartered in Cleveland, Ohio, specializes in providing real estate transaction services to the financial services industry. The company offers a range of services, including appraisal management, title services, and loan due diligence solutions, catering to real estate finance providers and mortgage lending clients. Its technology-driven appraisal management platform ensures compliance across various types of real estate loans, from mortgage originations to default servicing. Additionally, Accurate Group provides alternative valuations, streamlined title services, and real estate valuation solutions to support its clients' needs.
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