Private Equity Firm Industrial Services

Evolution Strategy Partners

Austin, Texas, United States

Evolution Strategy Partners partners with entrepreneur-owned industrial and commercial service businesses as a values-driven investor, staying engaged to help portfolio leaders accelerate growth. It typically targets industrial and commercial service businesses with under $75 million in revenue.

Focus Areas
Industrial and commercial services (portfolio-focused), Safety services (technical rescue/training), Electrical contracting

Tracked deals

12

12 tracked deals across 2020-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

8 addon · 3 recapitalization · 1 buyout

Evolution Strategy Partners Acquisition Volume by Year

Last 5 years

Acquisition volume by year Annual acquisition counts for the last 5 years for Evolution Strategy Partners. 1 2020 3 2021 2 2023 4 2024 2 2025

Supporting Data

Recent Transactions

  • Buyer
    Amped Electric, Evolution Strategy Partners
    Target
    LEED Electric, Inc.
    Seller
    Theresa Gilmer, John Gilmer
    Type
    Addon

    Amped Electric, a portfolio company of Evolution Strategy Partners, has acquired LEED Electric, Inc. The owners, Theresa and John Gilmer, sold the business as part of their retirement plan; John Gilmer will remain to support a smooth transition while LEED leverages Amped's resources to continue serving customers and grow.

  • Buyer
    DiPonio Contracting, Evolution Strategy Partners
    Target
    Lodestar Construction
    Industry
    Construction
    Type
    Addon

    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.

  • Buyer
    Sentry Safety Solutions, Mitchell Capital, Evolution Strategy Partners
    Target
    Tactical Safety Solutions
    Type
    Addon

    Sentry Safety Solutions has acquired Tactical Safety Solutions, a provider of safety professionals, technical rescue teams, and first-response services, expanding Sentry’s rescue and training capabilities. The deal is backed by Mitchell Capital and Evolution Strategy Partners and positions Sentry to accelerate growth and expand services across construction, manufacturing, energy, and petrochemical end markets.

  • Buyer
    Sentry Safety Solutions, Mitchell Capital, Evolution Strategy Partners
    Target
    Texas Commercial Fire & Safety
    Type
    Addon

    Sentry Safety Solutions has acquired Texas Commercial Fire & Safety (TCFS) to expand its technology-enabled safety services and strengthen its presence across Texas’ industrial markets. The transaction was financed by Mitchell Capital and Evolution Strategy Partners and will combine Sentry’s digital safety tools with TCFS’s local fire- and safety-service capabilities while TCFS continues to operate locally.

  • Buyer
    Evolution Strategy Partners
    Target
    Amped Electric
    Type
    Buyout

    Evolution Strategy Partners, a private equity firm based in Austin, acquired Amped Electric, an electrical service contractor serving Greater Charleston and Myrtle Beach, South Carolina. Amped will operate as an independent portfolio company under Evolution as the firm looks to expand its infrastructure platform and establish a Southeast U.S. presence.

  • Buyer
    Ethoscapes, Evolution Strategy Partners, Gemini Investors, Genesis Park
    Target
    Houston Landscapes Unlimited
    Seller
    Dean Carpenter
    Type
    Addon

    Ethoscapes, a commercial landscaping platform and portfolio company of Evolution Strategy Partners, has acquired Houston Landscapes Unlimited, a large Houston-area commercial landscape and irrigation contractor. Equity for the transaction was provided by Evolution Strategy Partners alongside Gemini Investors and Genesis Park; financial terms were not disclosed. Dean Carpenter, founder and president of Houston Landscapes Unlimited, was advised by CCG Advisors on the sale.

  • Buyer
    Evolution Strategy Partners, Ace & Company, BMO Capital Partners, University of Illinois Foundation, Partners Edge, Capital Creek Partners, Minds Capital, Workbench Capital, Arena Search Partners
    Target
    DiPonio Contracting
    Seller
    Headway Capital Partners, Cliff Meijer

    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.

  • Buyer
    Westco Grounds Maintenance, Evolution Strategy Partners, Gemini Investors, Genesis Park
    Target
    Champions Hydro-Lawn
    Type
    Addon

    Evolution Strategy Partners and its Westco Green Industry platform have added Champions Hydro-Lawn to their Houston-based commercial landscaping platform. Equity for the add-on was provided by Evolution, Gemini Investors, and Genesis Park; Champions’ founder Lou Triche will remain in a consulting role and the combined organization will expand service breadth and geographic reach in the greater Houston market.

  • Buyer
    Westco Grounds Maintenance, Evolution Strategy Partners, Gemini Investors
    Target
    Cornerstone Maintenance and Landscaping
    Type
    Addon

    Westco Grounds Maintenance, a Houston-based platform backed by Evolution Strategy Partners and Gemini Investors, has acquired Cornerstone Maintenance and Landscaping. The add-on strengthens Westco's presence across the greater Houston market and expands its commercial and municipal landscaping service capabilities; terms were not disclosed.

  • Buyer
    Evolution Strategy Partners
    Target
    Allied Underground, LLC
    Seller
    Leonard Meredith

    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.

  • Buyer
    Westco Grounds Maintenance, Evolution Strategy Partners, Gemini Investors
    Target
    Gardenmania Landscaping
    Type
    Addon

    Westco Grounds Maintenance, a Houston-based commercial landscaping platform backed by Evolution Strategy Partners and Gemini Investors, has acquired Gardenmania Landscaping, a Magnolia, Texas-based residential landscape maintenance and installation company. The add-on expands Westco's presence in north-central Houston and complements its residential service offerings; terms were not disclosed.

  • Buyer
    Evolution Strategy Partners, Gemini Investors, Altos Partners, Senior members of management
    Target
    Westco Grounds Maintenance Inc.

    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.

Related Acquisition Pages

Selling a company? Get in front of buyers like Evolution Strategy Partners

Turn tracked acquisition activity into an outreach-ready buyer list.