Evolution Strategy Partners Recapitalizes DiPonio Contracting

DiPonio Contracting Acquires Lodestar Construction

January 16, 2025

Construction

Shelby Township-based DiPonio Contracting, a portfolio company of Evolution Strategy Partners, has acquired Lodestar Construction of Grand Rapids, Michigan. The add-on expands DiPonio’s presence across the lower peninsula and strengthens its utilities maintenance and infrastructure construction capabilities for municipal and public-sector customers.

Evolution Strategy Partners Recapitalizes Allied Underground, LLC

August 24, 2021

Industrial Services

Evolution Strategy Partners completed a recapitalization of Allied Underground, LLC to support the company’s next phase of growth. Allied Underground, a Bertram, Texas-based underground water, wastewater and storm sewer construction contractor, will retain founder Leonard Meredith as CEO and receive capital for equipment, personnel, and expansion in the greater Austin market.

Evolution Strategy Partners and Gemini Investors Recapitalize Westco Grounds Maintenance

July 31, 2020

Environmental Services

Evolution Strategy Partners (reported elsewhere as Altos Partners), Gemini Investors, and senior members of Westco's management recapitalized Westco Grounds Maintenance Inc., a Houston-based commercial landscaping installation and maintenance provider. The transaction establishes Westco as a platform for a buy-and-build growth strategy in the greater Houston market; Manny González was named CEO and Cadence Bank provided credit facilities. Terms were not disclosed.

Pritzker Private Capital Recapitalizes Energy Distribution Partners

October 6, 2020

Energy

Pritzker Private Capital completed a recapitalization of Energy Distribution Partners (EDP), investing alongside Concentric Equity Partners and Duchossois Capital Management to support EDP's expansion. EDP's management will remain in place as the partners provide capital to accelerate the propane distributor's growth and add-on acquisition strategy across the U.S.

PURIS Acquires Assets of D&D Water & Sewer, Inc.

April 3, 2023

Infrastructure

PURIS, a J.F. Lehman & Company portfolio company, has acquired the assets of D&D Water & Sewer, Inc., a Canton, Michigan-based underground infrastructure installation and repair contractor. The acquisition expands PURIS's self-perform capabilities in potable water rehabilitation and complements its existing Murphy Pipeline Contractors business to better serve municipal clients across North America.

Altos Partners Recapitalizes Allied Underground

August 26, 2021

Construction

Altos Partners completed a recapitalization of Allied Underground, LLC, a Bertram, Texas-based underground water, wastewater and storm sewer construction contractor. Founder Leonard Meredith will remain in charge as Altos provides capital and resources to support equipment and personnel investments to fuel the company’s growth across the greater Austin metro; terms were not disclosed.