Evolytics Acquired By Concord, an H.I.G. Capital Portfolio Company
Sellside Advisor To Evolytics
Leading Digital Analytics Consulting Firm, Evolytics, Acquired by H.I.G. Capital Portfolio Company, Concord
7 Mile Advisors acted as exclusive sellside advisor.
CHARLOTTE, NC – 7 Mile Advisors is pleased to announce that Evolytics, a leading digital analytics consulting firm based in Kansas City, MO, has been acquired by Concord, a leading technology consulting and digital transformation firm based in Minneapolis, MN. Concord is a H.I.G. Capital portfolio company and this acquisition marks its second add-on of the year. Concord was acquired by H.I.G. Capital, a global alternative investment firm with $48 billion of equity capital under management, in 2021.
7 Mile Advisors acted as the exclusive sellside advisor to Evolytics throughout the transaction. This transaction is one of ten IT Services transactions the firm has completed so far in 2022.
“Combining Evolytics’ dominance in the marketing analytics space with Concords’ exceptional data practice will continue to transform the way enterprise organizations understand and utilize actionable data. We look forward to seeing the successful next phase of growth for both businesses,” commented John Cooper, Partner at 7 Mile Advisors.
“The team at 7 Mile were trusted advisors that guided us efficiently through the process – they helped us find a partner that will accelerate the growth of our business, resulting in a successful outcome that aligned with everything we hoped to achieve,” said Tom Wilkins, CEO and Founder of Evolytics.
Headquartered in Kansas City, Missouri, Evolytics provides digital analytics and consulting services to leading enterprise customers and brands worldwide. With expertise in data and marketing analytics, Evolytics supports digital transformation and growth initiatives for customers primarily in the financial services, technology, and ecommerce industries.
“The Concord partnership will propel our next phase of growth and the combination of our organizations will help us deliver superior outcomes for our clients,” remarked Tom Wilkins, Chief Executive Officer of Evolytics. Carey Wilkins, President of Evolytics added, “This is an exciting new chapter in Evolytics’ growth story. By partnering with Concord, we can now provide end-to-end data services that integrate back-end operational systems with optimized front-end marketing experiences. In addition to bringing expanded capabilities to our clients, we will be able to offer broader data analytics career opportunities to our team.”
About 7 Mile Advisors
7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provides market assessments and benchmarking. As a close-knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com.
Evolytics is a leading digital analytics consulting firm based in Kansas City, MO. The company’s services span the full data lifecycle, enabling clients to collect, analyze, and act on their data. Evolytics’ capabilities include data collection, data engineering, data visualization, data analysis, experimentation, data science and training. Evolytics has a proven track record of delivering results for enterprise clients and leading brands. Evolytics has been awarded/named the Top Analytics Agency by the Digital Analytics Association. Evolytics is also included on Fortune’s Best Workplaces list. For more information, please visit www.evolytics.com.
Concord USA, LLC (“Concord”) is a leading technology consulting and digital transformation firm based in Minneapolis, MN, with supporting operations in Eastern Europe and India. Concord serves leadingenterprises and innovators in the healthcare, technology, manufacturing, and financial services industries. With a unique combination of industry expertise, technology know-how, and project execution reliability, Concord helps its customers unlock business value by solving their most difficult data and technology problems. For more information, please visit www.concordusa.com.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with $48 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.