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Evergreen Advisors Blog

Evergreen advises JRAD on its sale to Sayres Defense, a portfolio company of Broadtree Partners

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Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Sayres Defense, a Broadtree Partners portfolio company, has acquired Joint Research and Development (JRAD). Broadtree Partners is a middle-market private equity firm with a specific focus on aerospace, defense, intelligence, and federal civilian government services. JRAD is a leading provider of test and evaluation services, total life-cycle acquisition support, medical and public health preparedness, and science and technology research and development to government customers including DOD, DHS, and Federal Civilian Agencies. JRAD has extensive expertise in defense and homeland critical areas including weapons of mass destruction, emerging CBRN threats, modeling and simulation, systems engineering and integration and laboratory and non-laboratory sciences.

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Evergreen Advisors Adds New Shareholders

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Evergreen Advisors, a middle-market Investment Banking and Corporate Advisory firm with offices in Columbia, MD, and McLean, VA, is pleased to announce the admission of four new partners to the firm. Shelley Lombardo, Steve Prichett, Eric Clarke, and Patrick Lowry have been key members of the firm and have made significant contributions in accelerating the growth and success of our firm.

“This is an exciting time for Evergreen Advisors,” said Rick Kohr, CEO of Evergreen Advisors. “Over the past year, we have celebrated our move into new headquarters in the Merriweather area of Columbia and witnessed substantial growth across all practice areas of the firm. Equally significant, we are thrilled to welcome four highly-valued team members as owners, which is a remarkable achievement that recognizes their excellence in their respective areas of expertise and their unwavering dedication to our clients. We take immense pride in commemorating this exciting milestone with these well-deserved promotions. Evergreen feels fortunate to have such an exceptionally talented group of individuals to assume increased responsibilities as our firm continues to grow. We extend our heartfelt congratulations to them on this significant accomplishment.”

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Behind the Scenes with Fred Shaw: Vice President at Evergreen Advisors and Outsourced CFO at BTS

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Fred Shaw is a Vice President in the CFO Advisory Practice of Evergreen Advisors, LLC. With diversified experience in both public and private accounting, Fred has provided financial advisory services to clients in various industries, including Manufacturing, Health Care, Service, and Government Contracting. At Evergreen Advisors, Fred helps businesses achieve their financial goals by providing tailored financial solutions that can help them grow, optimize operations, and improve financial performance. Whether clients need to improve cash flow, raise capital, or navigate complex regulatory requirements, Fred has the knowledge and expertise to guide them through the process.

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Evergreen’s Jeff Reed to Attend Business Facilities LiveXchange

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Jeff Reed, Senior Vice President of Evergreen Location Strategies will attend the 19th annual Business Facilities LiveXchange event in Myrtle Beach April 24th -26th where he will join professionals from across the country. With over 30 years’ experience in location analysis, site selection, and business incentive services, Jeff brings a wealth of knowledge and strategic consulting to not only corporate entities in the U.S. and abroad, but also to economic development agencies and communities seeking to gain a competitive edge. He is an expert in creative solutions to ensure ELS clients increase project ROI by maximizing incentives such as tax abatements and cash grants for infrastructure, new jobs, machinery and equipment, employee training and much more.

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Cash Flow Management During a Recession

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A recession is a period of economic slowdown that can have far-reaching consequences for businesses and individuals alike. With that in mind, it is more important than ever to be proactive and take control of one’s cash flow.  It is a critical for both businesses and individuals to navigate the challenges posed by a recession.

Here are five ways to manage cash flow during a recession. 

Evaluate all your outgoing expenses and prioritize them based on importance. Pay bills for essential services first, such as utilities, rent, and payroll. Evaluate if you are able to delay or renegotiate payments for non-essential expenses. Extending terms just five to ten days can have a huge compounding impact on your cash outlook.

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Evergreen Advisors Welcomes Back Former Secretary of Commerce Mike Gill

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Evergreen Advisors, a middle-market investment bank and corporate advisory firm with offices in both Columbia, MD, and McLean, VA, is delighted to announce that Mike Gill is returning to the firm as Chairman.

“We are thrilled to have Mike back on the team; the combination of being the first Secretary of Commerce of Maryland and his incredible business acumen makes him a tremendous asset to our clients and those companies looking to grow and expand their businesses. We couldn’t be happier to have him back!” noted Shelley Lombardo, Chief Operating Officer of Evergreen Advisors.

Mike is a business leader with four decades of experience as an entrepreneur, technology executive, investment banker, and public servant. Former Governor Larry Hogan selected him in 2014 and 2021 to head the Maryland Department of Commerce as its first-ever Secretary. While under Mike’s leadership, Commerce created an aggressive customer outreach effort, expanded its business development team, and increased its emphasis on Maryland’s growth industries, including life sciences, cybersecurity, advanced manufacturing, and higher education.

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Evergreen Advises n2grate on its sale to BlueAlly

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Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that BlueAlly, a Source Capital portfolio company, has acquired n2grate. Evergreen Advisors Capital acted as the exclusive financial advisor to n2grate. The terms of the transaction were not disclosed.

Rick Kohr, Chief Executive Officer of Evergreen Advisors Capital, noted, “Steve Halligan and the whole n2grate team have done an incredible job scaling the company to the outstanding IT consulting firm it is today. It was a pleasure to work with their team, and we are very excited about what BlueAlly and n2grate can do together”.

n2grate boasts a 13-year history of successfully supporting their government clients and large corporations with a range of information technology (IT) solutions. The company is a leading government IT solutions that has expertise focusing in networking, security, and infrastructure.

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Vicki Horton Featured in January’s Site Selection Magazine

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Vicki Horton, CEO of Evergreen’s Location Strategies practice, was featured in January’s issue of Site Selection Magazine to provide insight on key factors influencing the shifting sunbelt workforce. The article “Where, O Where Have the Laborers Gone” summarizes a recent survey completed by Site Selection Magazine covering why skilled workers are migrating to warm weather regions and the resulting impact on companies needing to increase labor pool access.

“There is a trend over the last five years that is generationally based,” says Vicki Horton. “Millennials have decided to move to second-tier cities like Charlotte, Nashville, Richmond, and Chattanooga. The labor force being there draws companies to those markets.” 

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Transaction Risk and Fairness Opinions

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For almost 40 years, Fairness Opinions have been used as a critical part of the mergers and acquisitions process. A fairness opinion is a financial advisor’s opinion that states whether or not the financial terms of a proposed transaction are within a range of fairness, expressed from an economic point of view to one or more specific parties of the proposed transaction as of a particular date. By hiring a third-party financial advisor to issue a fairness opinion, company boards and trustees are able to mitigate risk and help fulfill their fiduciary responsibilities to their shareholders. Fairness Opinions have become a regular feature of corporate transactions since 1985 when the Delaware Supreme Court issued its opinion in the landmark case Smith v. Van Gorkum. 

In Smith v. Van Gorkum, the Court found that a corporate board (Trans Union Corporation) breached its fiduciary duty of care by approving a merger without:

  • understanding adequate information on the transaction
  •  including details on the value of the company
  • reviewing the the fairness of the offering price
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Rick Kohr Featured Capital M

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Evergreen’s Chief Executive Office Rick Kohr was featured on Maryland Tech Council’s Capital M podcast, where he discussed what investors look for when considering investing in new companies and what is most important for companies when raising capital. The MTC’s Capital M podcast addresses the capital markets in DMV and elevates the conversation to help companies prepare for the market. 

Don’t miss this podcast for an expert’s insight to hear what Rick Kohr has to say! 

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Metropolitan Baltimore
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Columbia, MD 21044
410-997-6000
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McLean, VA 22102
571-406-5230