Evergreen has acquired KES, a player in the Oracle NetSuite Solution Provider and implementation sector. Financial terms of the deal were not disclosed.
This is technology M&A deal number 40 that ChannelE2E and MSSP Alert have covered so far in 2023. See more than 2,000 technology M&A deals for 2023, 2022, 2021, and 2020 listed here.
Evergreen, founded in 2017, is headquartered in San Francisco, California. The PE firm has 80 employees listed on LinkedIn. Evergreen previously acquired i-Tech Support in January 2024.
KES, founded in 1996, is based in Nashville, Tennessee. The company has 22 employees listed on LinkedIn. KES’s areas of expertise include Service Industries, Accounting and Financial Reporting, Financial Management Reporting, Revenue Management, Backoffice Systems, NetSuite, NetSuite Solution Provider, Accounting Software, ERP, ERP Software, QuickBooks, Technology, and Customer Portal.
KES was previously part of KraftCPAs PLLC but rebranded as KES Systems Solutions, LLC. It will continue its operations within Evergreen's ERP partner portfolio, Pine Services Group, the firm said.
With this deal, Evergreen now owns over 85 software and services companies and is part o the firm’s strategy to enhance its capabilities and reach in the ERP market.
Evergreen Acquires KES: Leadership Insight
Katie Maley, M&A Lead for Pine Services Group, Evergreen, commented:
"We're very excited to welcome the KES team into the Evergreen portfolio. Our team was extremely impressed by the group's success in the NetSuite space and clear track record of delivering high-value expertise to customers."
Glenn Hofmann, managing director, KES, said:
"We are committed to continuing to build long-term relationships with clients and helping them get the most out of their NetSuite investment. Evergreen can provide us with strategic planning and financial management resources to help us identify additional product development opportunities and execute our growth plans."
Vic Alexander, chief manager, KraftCPAs PLLC, added:
"The agreement with Evergreen gives KES the best opportunity to take them to the next level and ensure long-term success."
