Center Rock’s Industrial Fastener and Packaging Distribution Platform Invests in R.V. Evans Company
CHICAGO, IL and BLOOMFIELD HILLS, MI — Feb 4, 2020 — Center Rock Capital Partners, LP (“Center Rock”) is excited to announce that its industrial fastener and packaging distribution platform, LINC Systems, LLC (“LINC”) has acquired R.V. Evans Company (“RV Evans”), a fellow leading distributor of fastening and packaging products.
Based in Decatur, Illinois, RV Evans has been owned and operated by the Evans family for over 80 years and is currently led by Kelly Evans and TC Evans. RV Evans provides innovative fastening and packaging products, equipment and servicing solutions to customers in a broad range of industries including construction, housing, food & beverage, consumer products, automotive, agriculture and other general industrial end markets. The acquisition of RV Evans further diversifies LINC’s business across customers and end markets, as well as geographically with the combined businesses now serving customers in 30 US states. Kelly Evans and TC Evans will continue to lead RV Evans in their current roles within the company.
Kelly Evans, RV Evans’ President, commented, “On behalf of everyone at RV Evans, I am thrilled to partner with the LINC organization. LINC has established itself as a leader in our industry by providing the highest levels of value-added customer service and expertise that is critical to its customers. We look forward to leveraging our combined expertise, product offering and service capabilities to deepen our relationships with our customers and drive new opportunities for our employees.”
“Kelly and TC have built a great company with incredible resources and we are excited to join forces,” said Ted Azar, CEO of LINC Systems. “RV Evans’ and LINC’s business models are highly complementary, and this combination will position our companies for future growth. Both organizations have a rich and respected history in this business, and are committed to providing customers with exceptional service, selection and product knowledge. We couldn’t be more excited to have RV Evans join the growing LINC platform,” added Mr. Azar.
Arun Laxmanan, Principal at Center Rock Capital Partners, commented, “RV Evans and LINC are a great combination that advances our strategic vision of building a leading, nationwide industrial fastener and packaging distribution platform. We are excited to work with the combined management teams to fuel the Companies’ continued growth through extraordinary service and expertise.”
About R.V. Evans Company
RV Evans is a leading distributor of fastening and packaging products serving a broad range of industrial end markets including construction, housing, food & beverage, consumer products, automotive, agriculture and general industrial.
For more information, please visit www.rvevans.com.
About Center Rock Capital Partners
Center Rock is a Midwest-based private equity firm focused on building leading industrial companies in the lower middle market. Center Rock seeks industrial manufacturing, industrial services and industrial distribution companies headquartered in North America, often with multi-national operations and locations that serve both domestic and global markets. With substantial expertise working constructively with management teams to drive both operational and strategic improvement, Center Rock’s investment professionals have the flexibility and tools to invest in a broad array of transactions and build value in lower middle market industrial companies.
For more information, please visit www.centerrockcp.com.