Our Portfolio
Portfolio
Unlike traditional private equity firms that consider their investments as part of a passive or static portfolio of assets, we view our investments as true relationship partnerships that are based on mutual trust and respect.
While we generally focus on businesses that are founder, family, or entrepreneur-owned, we find that opportunity can come from all kinds of companies and industries. Evolution’s businesses are generally industrial and commercial service companies which allow us to share best practices across the portfolio.
“The financial acumen and business intelligence that Evolution brings to each PortCo drives value and overall positive impact to the business. Equally importantly, they have longstanding, trusted 3rd party relationships and a network to constantly source new acquisition opportunities. Their successful track record speaks for itself.”
James Goodman, President, Gemini Investors
Current Portfolio
Ethoscapes
Ethoscapes, one of the largest landscaping solutions providers in greater Houston, acquires and partners with leading green space businesses to help them sustain and grow in their markets. The company provides the business support operations, investment, and efficiencies to allow landscape care companies to focus on delivering exceptional service to their commercial, municipal, and residential landscaping maintenance, installation, and tree care clients. Its unique partnership model removes the operations bandwidth strain which inhibits the landscaping businesses’ stability and growth potential. Its family of landscaping businesses include Westco Ground Maintenance, Champions Hydro-Lawn, Outdoor Development, Houston Landscapes Unlimited and Tree60, which combined provides over 700 professionals for over 600 MUDs, HOAs, business parks, municipal parks, and leading corporate campuses.
Allied Underground
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.
DiPonio Contracting
DiPonio Contracting is a leading Midwest-based infrastructure maintenance and construction firm. The Company provides both new but predominantly replacement and/or upgrades to aging and existing water, wastewater, and storm sewer systems. The veteran team supports municipal, county and state customers as the primary Contractors across their state. Evolution partnered with the team in June 2022.
Amped Electric
Amped Electric specializes in providing exceptional electrical services for both residential and commercial clients in the Greater Charleston and Myrtle Beach, South Carolina areas. Their team of licensed and highly skilled technicians are dedicated to delivering best-in-class solutions which are tailored to meet the unique needs of each project of any scale. From simple repairs to complex installations, Amped is committed to ensuring safety, efficiency and outstanding satisfaction with every assignment. With a combined 40 years of proven experience, Amped is well-positioned to illuminate with excellence.
Sentry Safety Solutions
Sentry Safety Solutions is a technology-driven safety services provider dedicated to delivering top-tier safety across industries like refining, petrochemical, power, manufacturing, midstream, and utilities. With a focus on integrating advanced technology into safety solutions, Sentry offers a comprehensive range of services, ensuring that teams are protected and productive.
Additional investments
In addition to our primary focus on the current partnerships, Evolution will selectively invest alongside other private investment firms on interesting transactions. Evolution is not the controlling investor, but potentially can provide some helpful advice or guidance, network value, or business and industry insights in addition to capital. All our current such investments are with trusted relationships we have known for years.
Zapata Solar
Zapata Solar is an innovative Texas-based solar development firm, with offices in both Houston and Boston, founded by energy and technology industry veterans, who are creating new approaches to the utility scale solar business. Their first project in Texas is a 145MW solar photovoltaic generating facility under development in the flatlands of Liberty County, about 40 minutes east of Houston. Zapata is expanding our footprint throughout Texas and surrounding states.
Zapata develops higher-value utility-scale solar projects (100MWac and larger) by focusing on select locations throughout the continental US where good transmission access coincides with strong electricity market fundamentals to create highly competitive generating assets. The management team brings with it over 30 years’ experience in wind, solar, oil and gas, and technology development.
Melange Capital Partners
Melange Capital Partners is an independent, founder-owned and controlled investment firm formed by two investment professionals who began their careers together 15 years ago at the energy group of one of Wall Street’s top investment banks. The two have worked exclusively in the energy sector as investors, allocators or operators, executing transactions across a wide spectrum of the energy value chain.
The tumultuous energy industry of the last decade coupled with a highly illiquid alternatives market has created a unique opportunity for secondary transactions. Melange was formed to improve the ecosystem of the private energy markets for both investors and sponsors by providing liquidity solutions.
Floyd’s 99 Barbershop
Shear Drive Group is a leading Floyd’s 99 Barbershop franchisee operating 25 locations across Dallas-Fort Worth, Houston, Tulsa, and Northwest Arkansas. Shear Drive was founded in 2006 and is headquartered in Addison, Texas. Floyd’s 99 Barbershop is a family-owned company, established in 1999 by brothers Paul, Rob, and Bill O’Brien on the principle that success is driven by providing superior client service and that satisfied employees result in satisfied clients. From the diverse styles and personalities of the stylists and barbers, to the signature rock-and-roll poster wall plastered with a time machine of music memorabilia, Floyd’s 99 is creating a welcoming, all-inclusive environment while offering custom haircuts, colors, waxing, and shaves to everyone, including men, women, and children. Floyd’s 99 Barbershop operates more than 130 locations in 14 states.
Dekos Capital Management
Evolution has invested alongside Dekos Capital Management, a Dallas-based operationally-focused investment firm targeting exceptional companies that are at an inflection point in their growth trajectories, in a leading franchisee of Floyd’s 99 Barbershops with locations in Dallas-Fort Worth, TX, Houston, TX, Arkansas, and Oklahoma.
Legacy Portfolio
The following represents a sampling of portfolio companies that are
a part of Evolution’s Managing Partner’s professional track record:
