NewHold Investment Corp. to Merge with Evolv Technologies (AI Touchless Security Screening)

Interlock Equity and Stellus Capital Invest in evolv Consulting

January 22, 2024

Data & Analytics

Los Angeles-based private equity firm Interlock Equity has made a strategic growth investment in evolv Consulting, a Dallas-based data-driven management and technology consultancy. Stellus Capital Management provided unitranche financing and an equity co-invest to support the transaction; the capital will be used to expand evolv's services, deepen industry expertise, broaden geographic reach and enable strategic add-ons.

Evolv Technology Solutions Acquires Sentient Ascend

March 21, 2019

AI & Machine Learning

Evolv Technology Solutions (Evolv AI) acquired Sentient Ascend—an AI-powered autonomous experience optimization (A/B testing and conversion optimization) platform—following a spin-out from Sentient Technologies Holdings Ltd. Concurrently Evolv closed a $10 million Series A led by Horizons Ventures to scale the Ascend business, expand engineering and data science teams, and grow sales and customer success capacity.

E Tech Group Acquires E-Volve Systems

March 2, 2023

Engineering Services

E Tech Group, a portfolio company of Falfurrias Capital Partners, has acquired E-Volve Systems, a provider of industrial automation, controls engineering and computer systems validation. The add-on expands E Tech Group's capabilities and presence in the life sciences, food & beverage, and consumer products markets; terms were not disclosed.

Holley Intermediate Holdings Acquires Empower, Ltd. (SPAC Merger)

June 24, 2021

Automotive

Empower, Ltd. (a NYSE-listed SPAC) announced the SEC declared its S-4 registration statement effective, moving the proposed business combination with Holley Intermediate Holdings, Inc. toward an extraordinary shareholder vote. Empower shareholders will vote on the merger on July 14, 2021, and if approved the parties expect to close shortly after the meeting, with Empower changing its name to “Holley.”

Xpansiv to Acquire Evolution Markets

August 4, 2022

Professional Services

Xpansiv announced an agreement to acquire Evolution Markets, a brokerage firm serving global carbon, renewable, and energy markets. The combined platform is expected to be completed before year-end, subject to regulatory approvals and customary closing conditions, with Evolution Markets to operate as a wholly owned subsidiary.

Evolv Acquires Future Payments

November 20, 2024

Payments & Fintech

Evolv, a Newburgh, Indiana-based payment acceptance solutions provider, has acquired Nashville-based Future Payments and rebranded the business as Evolv Nashville. The deal expands Evolv’s distribution capabilities and leadership, integrating Future Payments’ agent network and partnerships to accelerate growth in the payments market.