Evolution Capital Partners has acquired Accurate Group LLC, a Charlotte, N.C.-based provider of title insurance and settlement services. No financial terms were disclosed.
Evolution Capital Partners (“Evolution”), a Cleveland, Ohio-based private equity firm, in partnership with management, is pleased to announce the acquisition of Accurate Group, LLC (“Accurate”). This acquisition represents the fourth platform investment in Evolution’s current fund.
Accurate, based in the suburbs of Charlotte, NC, is a national full service title agency providing title insurance and settlement services. Settlement services include property valuation, appraisal services, basic flood zone certification, title services, closing and escrow services.
“We believe that the timing of the investment coincides well with the overall economic environment,” said Jeffrey Kadlic, Managing Partner, Evolution. “The Accurate management team with the support of Evolution has constructed a growth plan we are very excited about.”
Paul O’Connor, President, Accurate Group, LLC stated that he is “energized to be partnering with the Evolution team. I believe that this partnership will allow Accurate to successfully execute its true growth potential.”
Evolution Capital Partners, LLC
Evolution Capital Partners (“Evolution”) is a committed private equity fund investing $1-10 million of equity, in partnership with management, to sponsor buyouts of light industrial, business services and value-added distribution businesses. Evolution targets established companies with annual sales between $5 million and $50 million that given the resources have a real opportunity for organic growth. Evolution expects to act as a lead institutional investor in growth financings, acquisitions, recapitalizations and divestitures. Ideally, Evolution is seeking opportunities where company headquarters are accessible from the Great Lakes region. For more information, visit http://www.evolutioncp.com .
Accurate Group, LLC
Accurate Group, LLC (Accurate) is a full service appraisal, title insurance, closing and settlement provider. Accurate allows its clients to reduce expenses, improve capacity management, mitigate risk, and significantly reduce processing time. Accurate leverages its technology to make the settlement service process more efficient than ever before. For more information, visit http://www.accurategroup.com .