The Evergreen Acquistion
We are looking to acquire and operate a great small business in the Puget Sound, holding it for the long term.
Why Evergreen?
Evergreen is looking for a business owner who wants to transition ownership of their company to someone who will care deeply and work hard to preserve what they have built - including relationships with their employees, customers and community.We will take what you have built and continue your strong brand and reputation under a new generation of leadership. Unlike private equity firms, we will not simply roll up the assets of your company into a larger entity or aggressively cut costs to optimize for a short term exit - our goal is to hold for the long term and keep your brand thriving and improving.Together with our investors and advisors, we have the experience and capital to support an acquisition and successfully grow the business going forward.
Investment criteria
We're seeking to acquire a businesses with the following characteristics:Location: Headquartered in the greater Seattle metro area - ideally near Snohomish.Size: Annual EBITDA of $400K to $2M+ with a history of consistent profitability.Industries: Essential need-based B2B or B2C services or products
About
Evergreen was started by Lincoln Spencer. A third-generation entrepreneur, Lincoln grew up working in his family's property management business at a young age and learned the value of hard work and a number of handyman skills (electrical, plumbing, etc). As a teen he also worked at an auto repair shop and started side businesses doing locksmithing, sprinkler installation, and repairing & selling motorcycles and computers.After studying Information Systems at BYU, he worked in IT consulting and left to follow his passion and start and operate a motorcycle parts e-commerce business. To further his business and technical skills, he then completed a graduate dual-degree program (MBA and Master's in Industrial Engineering) at the University of Michigan.Most recently, Lincoln spent 9 years leading a variety of teams at Boeing across manufacturing, supply chain, and engineering functions. He has matured as a leader and led high-visibility initiatives but is now looking to return to his entrepreneurial roots.Lincoln lives near Snohomish, Washington with his wife Katy and three children. In his spare time, Lincoln enjoys adventures outdoors with his family, in particular riding motorcycles. He is also a powered paraglider pilot and snowmobiler.
