Evolution Capital Partners LLC (“Evolution”) is pleased to announce that Lewellyn Technology LLC (“Lewellyn”), a National leader in workplace safety, has been acquired by Align Capital Partners (“ACP”), a $325 million growth-oriented private equity firm based in Cleveland, OH and Dallas, TX.  Evolution believes that ACP is uniquely qualified to partner with Lewellyn to achieve its next phase of development.  This transaction marks the first exit for Evolution’s second fund.

Lewellyn will use the investment to fuel continued growth and to redeem most of the interests held by the current owners of the company. As a result of this investment, Evolution has sold its entire interest in Lewellyn.

Lewellyn is an excellent example of why Evolution exists. In August 2012, when Evolution first invested in the company, it was a successful, regional, entrepreneurially run business. Today, Lewellyn is a national industry leader in workplace safety. The management team whole heartedly embraced Evolution’s professionalization strategies which laid the foundation for profitable growth over the past five years.  Lewellyn has been honored the past two consecutive years as one of America’s fastest growing companies on the Inc.5000 List.

“We would like to thank company CEO Mike Vea, and the entire Lewellyn team, for their partnership and dedication in transforming Lewellyn into a national leader,” said Jeffrey Kadlic, co-founder and managing partner of Evolution. “We look forward to seeing the company continue to flourish in partnership with ACP.”

Mike Vea, Lewellyn’s CEO, stated, “I am very proud of the company and our management team. They’ve worked hard to build a great organization and client relationships, and we are well positioned to continue our growth. I would like to express a thank you to Evolution for their support, guidance and contributions.”

About Lewellyn

Founded in 1993, Lewellyn Technology is a market leading outsourced safety solutions partner that provides companies with best-in-class electrical and workplace safety services. The Company’s electrical and combustible dust safety solutions have helped more than 45,000 companies protect employees and comply with various safety regulations. For more information, visit https://lewellyn.com.

About Evolution Capital Partners

Established in 2005, Evolution Capital Partners is a small-business private equity firm dedicated to supporting founders seeking to transform their entrepreneurial businesses into professionally managed organizations. Our team of investors, partners and employees focuses on identifying and underwriting investment opportunities with high-growth potential. As a control investor, Evolution supports its founder partners by providing capital and applying its Evolution Pro professionalization strategy, which addresses the unique challenges experienced by small businesses and accelerates their growth. www.evolutioncapitalpartners.com

Author

  • Jeffrey Kadlic

    Jeffrey Kadlic is a Founding Partner of Evolution Capital Partners, a nationally recognized and award-winning private equity firm dedicated to driving small business transformational success. His passion is simple: arm and inspire entrepreneurs today with the operational leadership, capital management, and success drivers that competitive markets demand. He is a creator of Evolution Pro, the systematic organizational change agent that transforms the challenges small businesses face into sustainable and profitable growth.

Jeffrey Kadlic

Author Jeffrey Kadlic

Jeffrey Kadlic is a Founding Partner of Evolution Capital Partners, a nationally recognized and award-winning private equity firm dedicated to driving small business transformational success. His passion is simple: arm and inspire entrepreneurs today with the operational leadership, capital management, and success drivers that competitive markets demand. He is a creator of Evolution Pro, the systematic organizational change agent that transforms the challenges small businesses face into sustainable and profitable growth.

More posts by Jeffrey Kadlic

Contact: (216) 593-0402