Investment Summary

Evolution Capital Partners Invests In DataFit

On April 10, 2024, growth capital firm Evolution Capital Partners invested in business services company DataFit

Investment Highlights
  • This is Evolution Capital Partners’ 3rd transaction in the Business Services sector.
  • This is Evolution Capital Partners’ 19th transaction in the United States.
  • This is Evolution Capital Partners’ 7th transaction in Ohio.

Investment Summary

Date 2024-04-10
Target DataFit
Sector Business Services
Investor(s) Evolution Capital Partners
Deal Type Growth Capital

Target

DataFit

Hudson, Ohio, United States
DataFit provides isokinetic assessments of employees for pre-employment and return-to-work purposes and as a component of workforce wellness initiatives. DataFit is based in Hudson, Ohio.

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Investor(S) 1

Investor

Evolution Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 19 of 19
Sector (Business Services) 3 of 3
Type (Growth Capital) 15 of 15
State (Ohio) 7 of 7
Country (United States) 19 of 19
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Federos

Frisco, Texas, United States

Federos is a provider of carrier-grade, digital service assurance solutions to communications companies, managed service providers, and enterprises. Federos was founded in 2005 and is based in Frisco, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 Heavy Equipment Colleges of America

San Bernardino, California, United States

Heavy Equipment Colleges of America is a multi-campus private education and training facility specializing in construction craft training and workforce management. Heavy Equipment Colleges of America was founded in 2006 and is based in San Bernardino, California.

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