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Evergreen Advisors Capital is pleased to announce that it was the exclusive financial advisor to Four V Systems LLC, an SRC Company, and cybersecurity firm in connection with its sale to OPAQ Networks.

FourV Systems, located in Baltimore, MD, is dedicated to helping organizations manage business risk aligned with IT operations. risk.  OPAQ Networks is the premier network security cloud company that enables partners to deliver security-as-a-service to midsize enterprise customers. OPAQ Networks’ cloud-based platform empowers organizations to simplify security management, centralize policy enforcement, and reduce costs. Based in Northern Virginia, OPAQ is privately held and is funded by Columbia Capital, Harmony Partners, and Zero-G, Inc.

Terms of the transaction were not disclosed.

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Rick Kohr, the founding member and Chief Executive Officer of Evergreen Advisors LLC, has been named Board Chair of the Economic Alliance of Greater Baltimore (EAGB).

Kohr will serve a two-year term and succeeds August J. Chiasera, President, Greater Baltimore/Chesapeake, M&T Bank, who has served as EAGB Chair since 2015.

“I am honored to succeed Augie Chiasera,” says Kohr. “We are participating in a fast-paced and ever-changing world which requires a new way of thinking and solving problems. Thanks to Augie and our Board Directors, we are confident in our ability to drive inclusive growth opportunities throughout Greater Baltimore.”

The EAGB is the only public-private organization convening industry, government, education and philanthropic leaders to foster inclusive economic development in Greater Baltimore.  As part of its efforts, EAGB will continue to advocate for a more collaborative leadership model that will drive an effective and simplified approach for economic competitiveness across the region. [Read more…]

Location, location, location.

The high value-added services of a location strategy consultant are not reserved for large companies, in fact, middle size companies typically benefit most from the expertise of a location strategy consultant.

In addition to the physical real estate, companies rely on location strategy consultants to assist them with:

• optimization of supply chain
• logistics
• cost minimalization
• tax structure
• workforce
• return on investment

A quality location decision is not solely a real estate decision. Whether it is a headquarters, back office, distribution center, manufacturing, laboratory, call center, or data center facility there are many factors to consider before coming to a final location decision. The critical factors of a location project are uniquely tailored to the business needs of the company as it relates to such considerations as the company’s culture, existing network, customer base, workforce, supply chain, and facility type. Making a location decision without consideration to one or more of these critical factors can lead to misalignment between the facility and the community, unexpected costs, high cost operation, underperforming facility and network of facilities, high workforce turnover, and the inability to attract top talent.

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Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Chesapeake Medical Staffing, LLC (“Chesapeake”) has been acquired by American Surgical Professionals (“ASP”).  Evergreen Advisors Capital acted as the exclusive financial advisor to Chesapeake.

Chesapeake Medical Staffing is one of the largest and most respected health care staffing agencies in the mid-Atlantic region. CMS has focused on sourcing the highest quality health care professionals from nurses to administrative personnel to physicians to complete management of the agency process.  The Company is Joint Commission certified and their client list includes hospitals, institutional care providers, management services organizations (MSO), home care and individual patients

“CMS explored numerous options to enhance our future,” said Jeff McClure co-founder and CEO of CMS. “ASP’s combination of business strengths and culture were exactly in line with our intended direction.” Terri Weller, co-founder and CNO said, “We are excited to be teaming with another high quality Joint Commission certified group of established clinicians. Helping our clients by providing experienced clinical professionals in a user-friendly manner has always been my passion. This merging of talent will take us to a new level in meeting the continuum of care needs of our current and future clients.”

Joseph Bradley of Evergreen Advisors Capital noted, “This transaction represents the combination of two outstanding organizations and management teams, with common vision, passion and purpose.”

Terms of the transaction were not disclosed.

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Evergreen Advisors Capital is pleased to announce the publication of our 2018 Cybersecurity Market Update. The update provides industry and insights on notable transactions, a detailed look at M&A and private placement activity, and data on valuation metrics and stock price performance.

Print or Download Report here:

Evergreen Cybersecurity Update 012018

2018 has the makings for a strong year for venture capital

With a robust M&A market, liquidity in the public capital markets, corporate cash, and continuing earnings growth in many sectors, the next two years should turn in strong performance for Venture Capital. As 2017 closes, capital invested is over $44 Billion, up almost 18% from the $37 Billion invested in 2016. For the Mid-Atlantic Region, even though the area saw 1,266 deals funded year to date in 2017 down from the 1,367 deals funded in 2016, total capital invested to date in 2017 reached $9 billion which exceeds the $8.9 billion invested in 2016.

For our region, one of the highlights in 2017 was the opening of AllegisCyber, an affiliate of Allegis Capital, a Silicon Valley venture capital firm that is collocated with DataTribe in Maple Lawn, Maryland. DataTribe applies an investment element to its model, by providing seed financing of up to $1.5 million to its cohort companies. Both firms are expanding their investments into Maryland cyber companies in the coming year.

Two of the most active regional (D.C., Maryland, & Virginia) investors in Cyber overall in 2017 were NEA with 9 cyber investments including local company Zerofox and Blu Ventures who invested in local deals including ID.me, Trackoff, Huntress Labs, NS8, Bandura Systems, DarkCubed, Fischer Block, GroupSense, PFP Cybersecurity, PacketSled, and Cybrary. Gula Tech Adventures also made a number of investments in 2017 working with the next generation of cyber security start-ups assisting with their product roadmaps, participating in their capital raises and helping them build their companies. [Read more…]

Evergreen Advisors announced today that Shelley Lombardo, Chief Operating Officer of Evergreen Advisors, has completed the professional development program dedicated to building a better Maryland by harnessing the strength of its local business and community leaders. Leadership Maryland honored Lombardo, a resident of Ellicott City, and the entire Class of 2017 at its 25^th annual graduation ceremony held December 5 at the Lord Baltimore Hotel. 

Lombardo was one of 52 applicants chosen by committee to complete Leadership Maryland’s eight-month hands-on learning program focused on the state’s most vital social, economic and environmental issues.

“It was an honor to be a part of the Class of 2017. The program is a powerful vehicle to explore Maryland’s challenges and opportunities from healthcare, education, economic development, to the environment with a diverse group of Maryland’s best and the brightest executives.” Remarked Shelley Lombardo. [Read more…]

On September 27, 2017, the Republican led congress in conjunction with the White House released its long-awaited framework (the Framework) outlining the current legislative effort on comprehensive tax reform. Although many significant details have yet to be defined, major provisions such as a lower corporate tax rate for both C corporations and pass-through entities (S corporations, LLC’s and partnerships) will have a significant impact on the cash flow capacity and valuation of these entities.

According to the Framework, the top marginal tax rate for C corps could be reduced significantly from 35% to 20%. The pass-through entity tax rate (S corporations, LLC’s and partnerships) would be reduced to 25%, with some restrictions. Currently, income generated by such entities are taxed at the individual shareholder’s personal tax rate. If voted into law, the Trump Administration’s version of tax reform will likely have a significant impact in the following key areas: [Read more…]