Austin, TX – Evolution Strategy Partners (“Evolution”), a private equity firm focused on partnering with entrepreneurial-owned and operated essential businesses, is thrilled to announce the award of The M&A Advisor Utilities Deal of the Year for the Allied Underground partnership. The award recognizes the single leading M&A transaction nationally in the utilities industry.

The Utilities Deal of the Year award, presented by The M&A Advisor, honors the most remarkable transaction within the utilities sector.

“The award recipients represent the best in the M&A industry this past year and earned these honors by standing out in a group of extremely impressive finalists,” said Roger Aguinaldo, Founder of The M&A Advisor. “From lower middle market to multi-billion dollar deals, we are recognizing the leading transactions, firms and individuals that represent the highest levels of achievement.”

“We are incredibly honored that the Allied Underground transaction received the Utilities Deal of the Year award from The M&A Advisor,” said Stenning Schueppert, Managing Partner at Evolution. “This recognition is a testament to our ability to work with founders like Leonard Meredith, advisors like Chris Heckert, and lenders like Chris Harless to structure and close transactions. We are very appreciative of our partnerships with Generational Equity and Veritex Bank and look forward to continuing our collective support for Allied Underground’s growth and success. We look forward to finding more partners like this for our future deals – partners that realize what a true win-win looks like.”

The recognition of winning the Utilities Deal of the Year award serves as a testament to Evolution’s unwavering commitment to collaborative partnerships with multiple stakeholders, ensuring the seamless execution of successful transactions. With a deep appreciation for the value of collaboration and open communication, Evolution actively engages with founders, advisors, lenders, and other key partners at every stage of the investment process. By fostering a collaborative environment that promotes transparency and effective coordination, Evolution creates a framework for facilitating smooth transactions that benefit all parties involved. This dedication to close collaboration underscores the firm’s enduring commitment to building strong, long-term partnerships and driving sustained success.

Allied Underground is a leading Austin-based infrastructure construction firm. The Company provides underground water, wastewater, and storm sewer construction. Allied’s team of managers and field personnel primarily support commercial, educational, and multi-family contractors across the central Texas area.

Evolution Strategy Partners, headquartered in Austin, Texas, is a differentiated private equity firm with a unique approach to conducting business: It considers its portfolio companies as true partners, not purely investments. Evolution values and respects the people with whom they work believes its value-added involvement is only beginning at the time a transaction closes. They stay engaged and empower company leaders to accelerate the true potential of their businesses. Evolution’s primary focus is on entrepreneur-owned businesses but it remains flexible to explore other opportunities where their knowledge and interests are aligned. Evolution targets industrial and commercial service businesses with under $75 million in revenue and select only a handful of new platform opportunities to pursue each year.

The M&A Advisor was founded in 1998 to offer insights and intelligence on M&A activities and has since been established as the premier global network of M&A, Turnaround and Finance professionals. Today, we have the privilege of presenting, recognizing the achievements of, and facilitating connections between the industry’s top performers throughout the world with a comprehensive range of services.