Evolution Strategy Partners

Evolution Strategy Partners is a private equity firm based in Austin, Texas, founded in 2003. It focuses on founder-, family-, and entrepreneur-owned businesses in the lower middle market, mainly industrial and commercial service companies with under $75 million in revenue. Portfolio companies include Ethoscapes, a Houston landscaping services provider; Allied Underground and DiPonio Contracting, which build water and sewer infrastructure; Amped Electric; The Fain Group; and Performance Cabling Technologies, a fiber optic and communications infrastructure provider. The firm selects only a handful of new platform investments each year. It also invests selectively as a minority partner alongside other private investment firms, contributing capital, network access, and industry insight. Evolution stays closely engaged with its companies after closing and treats management teams as partners. It is always the largest personal investor behind its institutional partner, and it targets businesses with strong leadership that provides essential products and services.