EverLine Coatings & Services Receives Strategic Investment from Red Iron Group to Fuel Expansion

EverLine Coatings and Services, a leading provider of line painting, pavement maintenance, and other essential facility services, has secured a strategic investment from Red Iron Group, a Menlo Park, California-based private investment firm. This partnership signifies EverLine's successful journey towards becoming the premier self-performing commercial and industrial facility services brand across North America.

The growth equity investment will be used to enhance EverLine's existing systems further while increasing capacity, ensuring that the company can meet the growing demand for its services across North America. With the capital backing and strategic expertise of Red Iron Group, EverLine will accelerate its expansion into new markets and continue providing the high-quality service it is known for while laying the foundation to revolutionize the facility services industry. EverLine's CEO and founder, John Evans, will continue to lead the company with his ownership of the business.

Positioned to Enhance Offerings and Accelerate Growth

John Evans, CEO and founder of EverLine, expressed his excitement about the partnership, stating, "With the support of Red Iron Group, we are poised to elevate our service offerings and expand our reach as we continue to grow across North America. We are committed to staying true to our values and continuing to provide the exceptional service that our customers have come to expect, all while gaining the enhanced resources necessary to take our brand to the next level."

Highlights of the new partnership include:

• Enhanced Service Offerings: The investment will allow EverLine to further refine and expand its service offerings, providing even more comprehensive solutions to its clients.
• Increased Capacity: EverLine will be able to handle a greater volume of work, ensuring prompt and efficient service delivery.
• Accelerated Growth: The partnership will allow EverLine to expand into new markets and accelerate its growth trajectory.

Towards the Future

Jason Klein, Co-CEO of Red Iron Group, shared his enthusiasm about the partnership, stating, "As a founder-led company well-positioned for significant future growth and market leadership in a highly fragmented industry, EverLine is an ideal partner for Red Iron Group to support. We are thrilled to work closely with John Evans and his management team as they continue to extend their reach, transform operations, integrate leading technology, enhance offerings, and drive further value for customers and franchisees. We look forward to all we can achieve together in positioning EverLine as the leading choice for commercial and industrial facility services across North America."

A Vision of Growth

EverLine Coatings and Services is the first franchise company to bring sophistication to the underdeveloped, highly fragmented line striping and pavement maintenance industry as a full-service provider, positioning itself as the premier choice for parking lot maintenance. Since its founding in 2012, the company has seen significant growth with 350+ territories open and operating across Canada and the U.S. EverLine provides a much-needed solution for property owners and managers across North America looking for a professional, credible, communicative, and quality-focused line striping and pavement maintenance service provider.

Red Iron Group's Investment Strategy

Red Iron Group is a private investment firm known for partnering with business owners and managers who are passionate about building market-leading businesses. The firm helps businesses achieve increased scale and business value through investments in organic growth initiatives and strategic acquisitions. Red Iron Group leverages its extensive Silicon Valley roots to help its portfolio companies invest in and implement technology enablement and adoption strategies that deliver enhanced value into the customer relationship, drive operating efficiencies, and produce greater organic growth. Red Iron Group has established a uniquely long-term capital base with a strategy of focusing on profitably growing lower-middle-market companies across a wide range of sectors.

This strategic investment by Red Iron Group in EverLine reflects the firm's commitment to supporting companies with strong potential for growth and market leadership. The partnership is expected to benefit both companies, with EverLine poised to accelerate its expansion and Red Iron Group solidifying its position as a leading investor in growth-oriented businesses.