Evergreen Advisors, a boutique middle market Investment Bank and Corporate Advisory Firm, with offices in both Columbia, MD and Mclean, VA, is pleased to announce the addition of Steve Prichett as a Managing Director in our Columbia office.

“We are delighted to welcome Steve to Evergreen Advisors. Steve brings a depth of experience with complex transactions and a remarkable track record with both clients and investors. His proven track record will be a great asset to the firm as we continue to grow and expand.” stated Rick Kohr, Chief Executive Officer of Evergreen.

Prior to Evergreen, Steve was was a partner of  Vicour, a Baltimore based private equity firm.  At Vicour Steve led multiple sourcing and acquisition efforts for portfolio companies, including leading the operations and ultimate sale of Chesapeake Ceramics in 2018.  Steve joined Vicour in February of 2007 from Stifel Nicolaus (formerly Legg Mason) where he led multiple IPOs and acquisitions including NCI, ICF Consulting, Maximus, and CACI among others. Steve was with Stifel Nicolaus/Legg Mason for eight years where he provided investment banking services primarily to aerospace, defense and government services companies. His executed deal value is over $2.3 billion through a range of transactions including representing buyers and sellers, raising private capital and raising public equity.

Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Global Technology Associates, LLC (“GTA”) has been acquired by Kelly Services (“Kelly”).  Evergreen Advisors Capital acted as the exclusive financial advisor to GTA. Lacki & Company, LLC provided legal advice to GTA.

GTA is a leading provider of high-value engineering, technology, and business consulting services to the telecommunications industry – assisting clients with maximizing infrastructure potential and evolving networks and services to address market opportunities.   Bridging the gap between business and technology, GTA provides a wide range of services tailored to address client needs across the telecommunications value chain – from the network edge to the network core, and the enabling technologies being developed and deployed to deliver next-generation services.

“We explored several strategic alternatives to address our future growth opportunities. Kelly’s brand recognition and size support GTA’s growth objectives,” said Farzad Ghassemi, Executive Chairman of GTA, “The partnership with Kelly is a great outcome for our employees and clients. ”

Joe Statter of Evergreen Advisors Capital noted, “As one of the largest independent telecommunications engineering companies offering end to end solutions, GTA is well-positioned to address the coming shift to next-generation, 5G wireless technologies among the carrier and OEM communities.  The transaction will provide the human capital and financial resources for GTA’s continued growth and expansion while enhancing Kelly’s global capabilities.”

Terms of the transaction were not disclosed.

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About Evergreen Advisors Capital

Evergreen Advisors Capital, LLC is a leading investment banking and corporate advisory firm focused on assisting emerging growth and middle-market companies in the areas of corporate finance, growth and exit strategies, valuations and advisory services.  For more information, visit www.evergreenadvisorsllc.com/

Securities transactions conducted through Evergreen Advisors Capital/Member FINRA/SIPC.

About GTA

GTA is a leading independent provider of high-value engineering, technology, and business consulting services to the telecommunications industry. Assisting clients with maximizing infrastructure potential and evolving networks and services to address market opportunities, GTA leverages their talented and experienced consultants to execute through technical excellence, proven methodologies, and a commitment to providing superior service.  Bridging the gap between business and technology, GTA provides a wide range of services tailored to address both service provider and OEM client needs

About Kelly

A global leader in providing workforce solutions, Kelly Services, Inc.  (NASDAQ: KELYA, KELYB) and its subsidiaries, offer a comprehensive array of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire, and direct-hire basis. Kelly® has a role in managing employment opportunities for more than one million workers around the globe by employing 500,000 of these individuals directly with the remaining workers engaged through its talent supply chain network of supplier partners. Revenue in 2017 was $5.4 billion. 

About Lacki & Company

Lacki & Company, LLC is a boutique law firm servicing emerging and middle-market companies with their corporate and transactional matters, advising businesses on growth and investment strategies, merger prospects, sustainability, brand value and earnings quality.  For more information visit www.lackico.com.

The Cybersecurity Association of Maryland Inc (CAMI) has elected its 2019 Executive Committee and Board of Directors with Gina Abate, President & CEO of woman-owned, Elkridge-based Edwards Performance Solutions, serving a second term as Chairperson. The 2019 slate of officers are as follows: [Read more…]

Evergreen Advisors, LLC is pleased to announce that Shelley Lombardo, Chief Operating Officer, has been elected to the board of the Cyber Association of Maryland (CAMI). CAMI was established in 2015 to generate sales and jobs through Maryland’s cybersecurity industry. CAMI is Maryland’s only organization dedicated 100% to the growth of Maryland’s cybersecurity industry.   [Read more…]

Cybersecurity is a constantly evolving subject matter for businesses. Like the computer viruses that are generally associated with the term, the issue itself has proven infectious for corporations both in its reach and impact as it grows over time.

Many organizations have learned the hard way that it is also a very costly subject matter. A study produced by IBM and the Ponemon Institute suggests that the average cost of fixing or resolving a data breach is more than $3.86 million. That number is only expected to grow. [Read more…]

Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Dunbar Cybersecurity  (“Dunbar”) has been acquired by ControlScan.  Evergreen Advisors Capital acted as the exclusive financial advisor to Dunbar.

Founded in 2012, Dunbar Cybersecurity offers tailored solutions to enable the safety and enhanced protection of client networks, cloud infrastructure, and end users. The acquisitions includes their well-established Security Operations Center (SOC) and powerful SIEM platform, Cyphon.  The Cyphon platform streamlines incident management through a single platform. It receives, processes and triages events to provide an all-encompassing solution for analytic workflow — aggregating data, bundling and prioritizing alerts, and empowering analysts to investigate and document incidents. These advanced capabilities add to the best-in-class service ControlScan delivers to their mid-level enterprise clients.    [Read more…]

Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Chesapeake Electrical Systems, Inc. (“Chesapeake”) has been acquired by Aldridge Electric (“Aldridge”).  Evergreen Advisors Capital acted as the exclusive financial advisor to Chesapeake.

Chesapeake provides the full range of electrical contracting services to a wide variety of clients in the commercial and industrial sectors. Founded in 1993, Chesapeake has completed contracts on some of the region’s most recognizable landmarks, including Dulles and Reagan International Airports, the Raven’s M&T Bank Stadium, D.C.’s Walter E. Washington Convention Center, and the Washington Beltway Express Lanes. [Read more…]

Evergreen Advisors, LLC is pleased to announce that industry leader and financial services veteran Sam DiPaola will be joining the firm as president. DiPaola recently departed his position as SunTrust Bank’s Maryland market president.

DiPaola brings more than twenty years of experience working in financial services, corporate development, and strategic sales to Evergreen. He excelled in SunTrust Bank’s Investment Banking, Aerospace, Defense and Government Services sector for 7 years before becoming the bank’s Maryland market president in 2013. Throughout his career, he has successfully closed investment banking transactions ranging between $50 million and $1 billion. During his time as Maryland market president, he led his team to produce four consecutive years of growth, and while increasing the average transaction size and asset quality.

Evergreen Advisors is a middle market investment bank and corporate advisory firm focused on excellence in servicing and supporting organizations throughout their financial life cycles to drive successful outcomes. DiPaola’s extensive network of professional relationships, comprehensive sector knowledge, and deal experience will help to accelerate Evergreen’s burgeoning growth.

For DiPaola, it was Evergreen’s community involvement, focus on long-term relationships, and proven track record of sustainable growth that attracted him to the firm. The local community is of the utmost importance to DiPaola, and Evergreen Advisors is deeply rooted in it, with involvement in organizations such as the Economic Alliance of Greater Baltimore, ETC (Emerging Technology Centers), Howard County Economic Development Authority, University of Maryland System, bwtech@UMBC, and the Salvation Army. [Read more…]

Evergreen Advisors is a proud sponsor of TEDCO’s 8th Annual Entrepreneur Expo & Stem Cell Symposium on October 30, 2018. The event will bring together all of Maryland’s entrepreneurial resources from across the state into one place, at one time.

You can expect to see 800+ of the region’s top entrepreneurs, small and large business executives, angel and venture capital investors, federal and state economic development officials, university leaders and legislators. Speaker include: Steve Case, Chairman and CEO of Revolution, LLC; Freeman Hrabowski, President UMBC; Julie Lenzer, Chief Innovation Officer at the University of Maryland; Cyndi Gula, Managing Partner Gula Tech Adventures; Deborah Tillet, President Emerging Tech Centers.

Evergreen Advisors is a proud sponsor of Howard County Economic Development Authority’s Annual Meeting and celebration of 25 years as an organization! The Howard County Economic Development Authority (HCEDA) is a public-private partnership whose primary goal is to promote economic growth and stability by supporting existing businesses, targeting new businesses and attracting corporate and regional headquarters. Its role, central to its mission, is to be a catalyst for economic growth and sustainability in Howard County. Quality economic development is critical to the County’s future to ensure an adequate tax base that will maintain and sustain the high quality of life that its residents have come to expect and deserve. 

 

This year, the meeting will look at the history of Howard County’s economy, share an update on the current economy, and look at the new technologies on the horizon that will transform our future.

[Read more…]