Infinity Capital Partners Advises Oklahoma-Based Evans Enterprises, Inc. through Acquisition
Oklahoma City, OK (December 19, 2022) – Evans Enterprises, Inc. began a new era in its 70-year history, as it was acquired by a national leader in the electric apparatus service industry. Infinity Capital Partners advised Evans through the acquisition by Integrated Power Services (IPS), ensuring they found the ideal partner out of numerous prospective suitors.
Headquartered in Norman, Evans Enterprises, Inc. is a leading electromechanical, power management and rotating equipment service provider.
“We’re proud to carry our 70-years of expertise as an industry leader forward as part of IPS’s vision and long-term strategy,” said Evan Thrash, president of Evans Enterprises, Inc. “Infinity Capital was critical to this transaction, ensuring that the family, employees, and legacy of the company would all be in good hands going forward.”
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank that offers a wide range of advisory services to private companies and financial sponsors across a range of industries.
“Evans Enterprises, Inc. established itself as an industry leader through four generations of family ownership,” said Christopher Lee, managing partner at Infinity Capital Partners. “We were honored to advise them through this transition as we built a very close relationship with the family during 2022. We are confident that the ongoing partnership will be fruitful as they become part of IPS’s single-source solutions provider.”
About Evans Enterprises, Inc.
Established in 1954, Evans Enterprises, Inc. is a fourth-generation, family-owned company offering decades of services to customers in the industrial, renewable energy, and commercial markets. Headquartered in Norman, Oklahoma, Evans has eight locations in Oklahoma and surrounding states, servicing customers across the South and Central United States. Evans was a pioneer in bringing aftermarket services to the wind power generation market in 2006, servicing the industry’s first generation of electromechanical components and generators.
About Infinity Capital Partners
Infinity Capital Partners is an Oklahoma City-based middle-market investment bank offering a broad range of advisory services to private companies and financial sponsors across a variety of industries. Infinity works closely with owner-operators, shareholders, founders, and management teams of private companies to provide tailored services including M&A advisory, debt and equity placements, recapitalizations, and strategic advisory. For more information about Infinity Capital Partners, including a list of current projects, please visit our website at www.infinitycapitalpartners.com. Securities placed through Infinity Capital Securities, LLC. Member FINRA.
Meredith Jackson
Infinity Capital Partners
(405) 400-8977