Category: Blog Posts
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Evergreen Advises Clareto on its Sale to Munich Re
Health Catalyst Capital Management LLC (“HCC”), a New York-based private equity firm investing in growth stage healthcare information technology and technology-enabled services businesses, is pleased to announce the sale of its portfolio company MedVirginia, Inc., doing business as Clareto (“Clareto”), to Munich Life Holding Corporation (“Munich Re”). Clareto partners with health information exchanges (HIEs) and…
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Evergreen Advises ESS on its sale to Godspeed Capital
Godspeed Capital Management LP (“Godspeed Capital”), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, today announced the successful acquisition of Exceptional Software Strategies, Inc. (“ESS” or the “Company”), a leading provider of information technology solutions to mission-oriented Federal agencies, including members of the Intelligence Community and Department of Defense…
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Evergreen Advises TMAC on its sale to ManTech
January 03, 2022 08:00 ET | Source: ManTech International Corporation HERNDON, Va., Jan. 03, 2022 (GLOBE NEWSWIRE) — ManTech International Corporation (Nasdaq: MANT) has completed the acquisition of Technical and Management Assistance Corporation (TMAC), a leading provider of advanced data engineering services and solutions to the U.S. Intelligence Community. Headquartered in Columbia, Maryland and founded in 2008,…
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Evergreen Advises [INVNT GROUP]
[INVNT GROUP]™ Bets Big on Live; Enhances Live Brand Storytelling Capabilities with Newly Formed ITP LIVE, in the Strategic Acquisitions of InSync Production Services, Thunder Audio and Morpheus Lights. Introducing ITP LIVE: An Integrated Production Services Division of INVNT® New York, NY — [INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT™ announces the strategic acquisitions of four…
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Entrepreneur Spotlight: Truentity Health
In this Entrepreneur Spotlight, we highlight our CFO Client, Truentity Health, a company that is on a mission to dramatically reduce the preventable medication errors that impact millions of lives each day and drive-up costs for healthcare providers. Their Patient-Centric, Provider Focused Medication Management Platform is a complete medication reconciliation solution to help reduce hospital costs,…
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George Davis & Baltimore Oriole Trey Mancini
George Davis to Evergreen is Strategic Advisor who is well-known for his success in investing, building, and managing biotech, IT, and software companies, often from the start-up stage. He is an active leader in the tech and innovation community, serving on a number of boards, including Betamore, UMBC’s Research Park Corporation, Association for Enterprise Growth,…
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Evergreen Advises TSSi on its sale to Noble
Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Tactical & Survival Specialties, Inc. (“TSSi”) has been acquired by Noble Sales Co. Inc. d/b/a Noble Supply & Logistics (“Noble”). Evergreen Advisors Capital acted as the exclusive financial advisor to TSSi with legal advice provided by Flora Pettit PC. Noble, an industry leader…
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Valuation Team Spotlight: Pat Lowry
Evergreen Advisors team’s includes a multidisciplinary team of experts that are dedicated to ensuring our client’s success. For this feature, we interviewed Pat Lowry, Managing Director of Business Valuation in Evergreen Advisors Corporate Advisory Practice, who has over 20 years of experience in complex business valuation, estate and gift planning, and transaction advisory matters. Pat…
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Evergreen Advisors Capital serves as Financial Advisor to G2SF
Evergreen Advisors Capital, a middle-market investment bank, announced today that it advised G2SF, Inc. (“G2SF”) on its sale to Gunnison Consulting Group, Inc. (“Gunnison”). Headquartered in Reston, Virginia, G2SF INC. is a Government focused IT consultancy and enterprise solution provider with core competencies in IT Service Management (ITSM), Mobility Engineering and Management, Security Engineering and…
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Entrepreneur Spotlight: Kalocyte
In this Entrepreneur Spotlight, we highlight KaloCyte, a company transplanted from St. Louis, Missouri now located in Baltimore at the University of Maryland BioPark. KaloCyte is developing a solution for when blood is not available. They have demonstrated proof of concept for ErythroMer™, a dried, bio-inspired artificial red blood cell substitute envisioned for use as an…
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Fair Market Value Vs. Strategic Value: Why You Should Know the Difference
As business valuation professionals, we are often tasked with determining the value of a block of stock in a company, typically a partial interest, for purposes of gift or estate tax planning, stock option issuance, ESOP compliance, or marital disputes. The appropriate standard of value for such assignments is “Fair Market Value.” Fair Market Value…
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Evergreen Advises Pathsensors on Sale To Smiths Detection
Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that PathSensors, Inc. (“PathSensors” or the “Company”) has been acquired by Smiths Detection (“Smiths”). Evergreen Advisors Capital acted as the exclusive financial advisor to PathSensors with legal advice provided by Whiteford, Taylor & Preston, LLP. PathSensors is a leading biotechnology solutions and environmental testing…
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Goodwill Impairment – The New Reality For Retail-Based Businesses
On March 18, 2020, YUM! Brands, Inc. (NYSE: YUM), a worldwide owner and operator of restaurant brands, acquired The Habit Restaurants, Inc. (NasdaqGM: HABT or “Habit”) for approximately $408 million in cash. At the time, Habit operated 245 company-owned and 31 franchised Habit Burger Gill restaurants in the U.S. and in China. According to YUM’s…
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M&A and Funding: What Next?
We are in uncharted territories given the impact of the Pandemic at many levels ranging from our physical health to the mental challenges brought to bear on each of us to the significant impact on our economy. Venture Funding In the first quarter of 2020, companies in the region raised 227 million in venture…
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Closing Location Strategy Deals Requires New Tools
The Coronavirus Recession is forcing even the most well-capitalized companies to deliver cost savings across their supply chains. To weather the crisis, companies must reassess opportunities to source products and services domestically, reduce exposure to regional labor market disruptions, navigate ongoing rent, utilities, debt service obligations, and redeploy their workforces across their physical and digital…