Evolution Capital Partners Mergers and Acquisitions Summary

Growth Capital Firm Profile

In the last 3 years, Evolution Capital Partners has invested in 3 companies.

Evolution Capital Partners’ most common sectors for investment areeducation (17%) and information technology (17%) . The Firm’s most common investment types include growth capital (78%) and buyout (lbo, mbo, mbi) (12%). In total, Evolution Capital Partners has invested in 10 US states.

In the last 3 years, Evolution Capital Partners has exited 3 companies. The Firm’s most common exit type is trade sale (38%).

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M&A Summary

  • M&A Total Activity26
    • M&A Buy Activity18
    • M&A Sell Activity8
  • Total Sectors Invested 11
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 6

Evolution Capital Partners

1100 Superior Avenue East #1620,
Cleveland, Ohio 44114
United States
(216) 593-0402
www.evolutioncp.com
info@evolutioncapitalpartners.com

Evolution Capital Partners is a 'hands-on' private equity firm focused on partnering with smaller companies where additional capital and management resources can improve business growth prospects. Evolution looks to invest $2 - $10 million in businesses with $1 to $2 million of free cash-flow. Areas of interest include business services, information services, financial services, distribution, 'scalable sales-focused businesses', healthcare services, and niche manufacturing. Evolution prefers businesses located East of the Mississippi River. Evolution Capital Partners was formed in 2005 and has offices in Cleveland and Chicago.


Investment Criteria

Sectors of Interest: Automotive, Business Services, Chemicals, Consumer Products, Distribution, Education, Financial Services, Healthcare Services, Information Technology, Manufacturing, Packaging, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Stake Purchase, Venture

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 1 2
Investment Size 2 10
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.6/yr) # 15 - 2 1 - - 18
Sell (0.8/yr) # 4 1 1 2 - - 8
  26

Most Recent M&A

Company Date Value Type
Federos LLC 2021-12-21 - Trade Sale
Frisco, Texas · www.federos.com
Enviroscience Consultants, Inc. 2021-09-30 - Growth Capital
Ronkonkoma, New York · www.envirohealth.org
Cascade Healthcare Services LLC 2021-02-01 - Secondary Sale
Seattle, Washington · www.cascadetraining.com
Health Technologies, Inc. 2020-12-02 - Growth Capital
Saint Louis, Missouri · www.diningrd.com
Empire Dental Arts 2020-01-06 - Growth Capital
Mentor, Ohio · www.empiredentalarts.com
Knowledge Center Enterprises LLC 2020-01-01 - Trade Sale
Longmont, Colorado · www.corvena.com
Budco Financial Services LLC 2019-04-17 - Unknown
Detroit, Michigan · www.budcofinancial.com
ROI Networks LLC 2018-11-01 - Unknown
Mission Viejo, California · www.roinetworks.com
Cap City Dental Lab 2018-07-16 - Growth Capital
Columbus, Ohio · www.capcitydentallab.com
Nextech Partners 2018-05-08 - Growth Capital
Pearl, Minnesota · www.nextechpartners.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Education 1 (14%) - 3 (17%) -
Information Technology 1 (14%) - 3 (17%) -
Business Services - - 2 (11%) -
Financial Services - - 2 (11%) -
Healthcare Services 2 (29%) - 2 (11%) -
Automotive 1 (14%) - 1 (6%) -
Chemicals - - 1 (6%) -
Environmental 1 (14%) - 1 (6%) -
Internet Software and Services 1 (14%) - 1 (6%) -
Packaging - - 1 (6%) -
Software - - 1 (6%) -
Total 7 - 18 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 7 (100%) - 18 (100%) -
  Ohio 3 (43%) - 6 (33%) -
  California 1 (14%) - 2 (11%) -
  Texas - - 2 (11%) -
  Illinois - - 2 (11%) -
  New York 1 (14%) - 1 (6%) -
  Missouri 1 (14%) - 1 (6%) -
  Minnesota 1 (14%) - 1 (6%) -
  Washington - - 1 (6%) -
  Michigan - - 1 (6%) -
  Colorado - - 1 (6%) -
Total 7 - 18 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 7 (100%) - 14 (78%) -
Buyout (LBO, MBO, MBI) - - 2 (11%) -
Divestiture - - 1 (6%) -
Venture - - 1 (6%) -
Total 7 - 18 -

Exits by Deal Type

Type Total # Value
Secondary Sale 3 (38%) -
Trade Sale - Public Company 2 (25%) -
Unknown 2 (25%) -
Trade Sale 1 (13%) -
Total 8 -

M&A Connections

Deals
Acquired from
Strategic(s)
6%
1 (6%)
Exited to
Investor(s)
38%
3 (38%)
Strategic(s)
38%
3 (38%)

Investor Summary

Investor Type

Growth Capital Firm

Size

Small

Established

2005

Specialist/Generalist

Generalist

Leadership

Jeffrey Kadlic

Founder & Managing Partner

Susan Williamson

Managing Partner

Jessica Leonard

Partner

Kim Lapcewich

Partner

Michael Gerbasi

Partner

FAQ

When was Evolution Capital Partners founded?

Evolution Capital Partners was founded in 2005.

What type of investor is Evolution Capital Partners?

Evolution Capital Partners is a growth capital firm.

Where is Evolution Capital Partners headquartered?

Evolution Capital Partners is headquartered in Cleveland, Ohio.

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