- E Tech founder Kevin Stout and Partners Jason Antolovich and Vivek Puthezath will remain with the company
- E-Volve Systems was founded in 2011
- Based in Charlotte, North Carolina, Falfurrias Capital Partners invests in the middle market
E Tech Group, which is backed by Falfurrias Capital Partners, has acquired Ohio and New Hampshire-backed E-Volve Systems, a provider of industrial automation, controls engineering and computer systems. No financial terms were disclosed.
The deal is E Tech’s third add-on acquisition since Falfurrias’ original platform investment in early 2018, following the integration of Glenmount Global Solutions later in 2018 and Superior Controls in 2019.
E-Volve will operate under the name “E-Volve Systems, an E Tech Group Company.”
E Tech founder Kevin Stout and Partners Jason Antolovich and Vivek Puthezath will remain with the company.
“When we first invested in E Tech Group back in 2018, we saw tremendous growth potential through both acquisitions and organic growth as part of our ‘Industry First’ approach,” said Ken Walker, a partner at Falfurrias, in a statement. “This partnership is a great fit across the board, from the companies’ service offerings to their geography to the long-standing relationships among the key principals.”
E Tech Group is an engineering and system integration firm.
E-Volve Systems was founded in 2011.
Based in Charlotte, North Carolina, Falfurrias Capital Partners invests in the middle market. The firm has raised more than $1.9 billion across five funds.