Growth Capital • Automotive

Evolution Capital Partners Invests In Renascent Salvage

On September 13, 2017, growth capital firm Evolution Capital Partners invested in automotive company Renascent Salvage

Investment Context
  • This is Evolution Capital Partners’ 1st transaction in the Automotive sector.
  • This is Evolution Capital Partners’ 13th transaction in the United States.
  • This is Evolution Capital Partners’ 4th transaction in Ohio.

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Investment Summary

Date September 13, 2017
Target Renascent Salvage
Sector Automotive
Investor(s) Evolution Capital Partners
Deal Type Growth Capital

Target Company

Renascent Salvage

Cleveland, Ohio, United States
Renascent Salvage is an operator of a holding company established to acquire and create a network of automotive salvage yards and recycling facilities across the Midwest. Renascent Salvage Holdings is based in Cleveland, Ohio.
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Investor Overview 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 Context for Investor #
Overall 13 of 19
Sector: Automotive 1 of 1
Type: Growth Capital 9 of 15
State: Ohio 4 of 7
Country: United States 13 of 19
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-14 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
2017-12-03 SEAM Group

Beachwood, Ohio, United States

SEAM Group provides an unparalleled approach to strategic enterprise asset management, ensuring a safe environment while achieving improved utilization, enhanced performance and reliability all while reducing costs. SEAM specializes in electrical safety, predictive maintenance programs, reliability consulting and repair services; each supported by patented software systems ensuring program metrics. SEAM Group was formed in 1993 and is based in Beachwood, Ohio.

Sell -