Evolution Strategy Partners Recapitalizes DiPonio Contracting
July 26, 2023
Evolution Strategy Partners completed the recapitalization of its portfolio company DiPonio Contracting, bringing new equity and debt capital into the partnership. The additional financing is intended to support DiPonio’s organic growth, investment in its team and equipment, and expansion across Michigan and the upper Midwest via strategic acquisitions.
- Buyers
- Evolution Strategy Partners, Ace & Company, BMO Capital Partners, University of Illinois Foundation, Partners Edge, Capital Creek Partners, Minds Capital, Workbench Capital, Arena Search Partners
- Targets
- DiPonio Contracting
- Sellers
- Headway Capital Partners, Cliff Meijer
- Industry
- Industrial Services
- Location
- Michigan, United States
- Transaction Type
- Recapitalization
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