William Blair acted as the exclusive financial advisor to Charlesbank Capital Partners (Charlesbank), in connection with its acquisition of EverDriven Technologies (EverDriven or the Company), a portfolio company of Palladium Equity Partners (Palladium). The transaction closed on February 14, 2024.
About the Companies
Based in Boston and New York, Charlesbank is a middle-market private investment firm with more than $17 billion of capital raised since inception. The firm focuses on management-led buyouts and growth capital financings, and also engages in opportunistic credit and technology investments. Charlesbank seeks to build companies with sustainable competitive advantage and excellent prospects for growth.
EverDriven is a leader in alternative student transportation for school districts, using technology and logistics expertise to solve special transportation needs for children. The Company provides transportation for 28,000 students annually, primarily children qualifying under the McKinney-Vento Homeless Assistance Act and Special Education programs. EverDriven partners with nearly 700 school districts across 29 states, helping families safely get their loved ones to and from school.
Since its founding in 1997, Palladium has invested in more than 210 companies (40 platforms and more than 170 add-ons). With over $3 billion in AUM, the firm focuses primarily on buyout equity investments in the range of $50 million to $150 million. Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital and strategic guidance. The partners of the firm have meaningful experience in consumer, services, industrials, and healthcare businesses, with a focus on companies they believe will benefit from the growth in the U.S. Hispanic population.
Learn more about our supply chain and commercial services investment banking expertise.