M&A Deal Summary

Charlesbank Capital Partners Acquires EverDriven

On March 5, 2024, private equity firm Charlesbank Capital Partners acquired transportation company EverDriven from Palladium Equity Partners

Acquisition Highlights
  • This is Charlesbank Capital Partners’ 2nd transaction in the Transportation sector.
  • This is Charlesbank Capital Partners’ 76th transaction in the United States.
  • This is Charlesbank Capital Partners’ 3rd transaction in Colorado.

M&A Deal Summary
Date 2024-03-05
Target EverDriven
Sector Transportation
Buyer(s) Charlesbank Capital Partners
Sellers(s) Palladium Equity Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams
Houlihan Lokey (Financial)
GreenbergTraurig (Legal)

Target

EverDriven

Greenwood Village, Colorado, United States
EverDriven is a provider of alternative student transportation solutions for a variety of student populations, including special education, homeless, foster, and other in-need students. The company leverages a proprietary, technology-enabled platform to optimize transportation for school districts across the U.S. EverDriven was founded in 2005 and is based in Greenwood Village, Colorado.

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Buyer(S) 1

Buyer

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 86 of 90
Sector (Transportation) 2 of 2
Type (Secondary Buyout) 29 of 32
State (Colorado) 3 of 3
Country (United States) 76 of 79
Year (2024) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Perspective Financial Group

Chorley, United Kingdom

Perspective Financial Group is a financial planning and wealth advisory business with a client-centric culture. The group provides its 18,000 clients with holistic and impartial financial advice to aid them in achieving their investment goals and objectives. Perspective Financial Group was founded in 2008 and is based in Chorley, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Quorum Cyber

Edinburgh, United Kingdom

Quorum Cyber innovative services enable enterprises including banks, cloud providers, and major brands to thrive in an increasingly hostile digital landscape. As a Microsoft Gold Partner and Microsoft Intelligent Security Association (MISA) member, the company specializes in delivering risk reduction outcomes through the power of Microsoft Security Technologies via its in-house team of experienced and qualified professionals. Quorum Cyber was founded in 2016 and is based in Edinburgh, United Kingdom.

Buy -

Seller(S) 1

SELLER

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.

DEAL STATS #
Overall 24 of 26
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 8 of 8
State (Colorado) 1 of 1
Country (United States) 24 of 26
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Source Logistics

Montebello, California, United States

Source Logistics is a provider of value-added warehousing, distribution and fulfillment third-party logistics (3PL) services. Source Logistics was founded in 1999 and is based in Montebello, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Trachte

Oregon, Wisconsin, United States

Trachte is a provider of engineered buildings, hardware, and related solutions that house electrical controls, switchgear, and other advanced equipment and systems. Its products serve a broad base of customers including electrical utility, renewable energy companies, hospitals and data centers. The Company’s design engineering, project management and related value-added services and reputation for quality make it the provider of choice for leading utilities and equipment OEMs. Trachte was founded in 1919 and is based in Oregon, Wisconsin.

Sell $695M
Mergr

Product

Company

Legal