January 26, 2020, Reston, VA
Outcome Capital, an advisory and investment banking firm that serves middle market growth companies in IT services, software, managed services, ADGS, healthcare and life sciences, is pleased to announce that Evergreen Systems, Inc. (the “Company”) has been acquired by Sunstone Partners, a California-based private equity firm. Outcome Capital provided exclusive advisory services to the Company.
An Elite ServiceNow partner, Evergreen Systems focuses on providing complete process management and technology solutions in the ServiceNow ecosystem. Evergreen is fully transformed into a ServiceNow thought leader and a scalable business model, validated by more than 4,000 successful customer engagements to date. Evergreen Evolve (EE) is the Company’s proprietary, flagship Managed Service Provider (MSP) model developed specifically to address client’s challenges in the ServiceNow SaaS and Agile based ecosystem.
“The Outcome Capital team, led by Jonathan Wallace, served as a crucial advisor to our sale process and guided our business to an exciting next stage. We are eager to partner with Sunstone Partners and continue our growth,” stated Don Casson, Evergreen CEO.
This is the second investment in the ServiceNow space by the team at Sunstone Partners, which previously invested in Fruition Partners (sold to Computer Sciences Corporation, now part of DXC Technology, in 2015) while at their prior firm. “We appreciate Outcome Capital bringing us the Evergreen Systems opportunity and look forward to working with them in the future,” commented Mike Biggee, Co-Founder and Managing Director of Sunstone Partners.
About Outcome Capital
Outcome Capital is a unique advisory and investment banking firm that provides middle-market growth companies in the IT services, software, managed services, ADGS, healthcare and life sciences markets with a value-added client-centric approach to merger, acquisition and corporate finance advisory services. The firm utilizes its proven approach to value enhancement by assisting boards and management teams in navigating both the financial and strategic markets and in implementing the best path for success. Outcome Capital’s strength stems from its unique ability to draw on its wide range of operational, strategic and transactional experience, its expertise across the value chain, and its broad industry relationships. The professionals at Outcome Capital take pride in their ability to help their clients to make well-informed strategic decisions and recognize the full value created by their vision. For more information, visit: www.outcomecapital.com
Based in Leesburg, VA, Evergreen is a full-service IT consulting provider of complete process management and technology solutions in the ServiceNow marketplace. As a distinguished and highly recognized ELITE ServiceNow Partner, Evergreen supports primarily large public and private organizations in improving their enterprise Service Management execution. For more information, visit: www.evergreensys.com
About Sunstone Partners
Sunstone Partners is a growth-oriented private equity firm that makes majority and minority investments in technology-enabled services and software businesses. Recently recognized Inc.’s 2020 PE 50 founder-friendly private equity firms for entrepreneurs, the firm seeks to partner with exceptional management teams, often as their first institutional capital partner, to help accelerate organic growth and fund acquisitions. Founded in 2015, the firm has $800 million of committed capital to its first two funds. For more information, visit http://www.sunstonepartners.com