Lower middle market private equity firm
Everlane Equity Partners
- HeadquartersBoston, MA S1
- Founded2019 S4
- Websiteeverlaneequity.com
- Last verifiedNovember 4, 2026
At a glance
| EBITDA range | $1.5M to $8M S2 |
|---|---|
| Check size | $2.5M to $17.5M S2 |
| Deal types | Platform, Add-on, Minority, Growth S2 |
| Sectors | Accounting & Professional Services, Dental |
What Everlane Equity Partners buys
Everlane Equity Partners is a small Boston firm that invests in family-owned and founder-owned companies with $1.5 million to $8 million of EBITDA. Evan Horton started it in January 2019. It puts $2.5 million to $17.5 million of equity into a company from its own fund and can reach $50 million in a single deal with co-investment from its fund investors. It can take a majority or a minority stake, and it wants the management team to keep a meaningful share of the business.
Most of what it owns is service businesses: government relations (Monument Advocacy), nonprofit finance and HR support (Carey & Co), sales development (demandDrive), digital marketing (Intero) and oral surgery practices (Akeso). The firm says it cares more about a company's stage of growth than its industry, and it aims for only one or two new investments a year. A smaller business is most likely to meet Everlane as an add-on to one of those platforms, as Horizon Government Affairs did when it joined Monument in 2025.
Recent deals
Announced in the 24 months before November 4, 2026.
| Date | Company | Type | Sector | Source |
|---|---|---|---|---|
| Jan 2026 | TarsusOutsourced accounting and CFO services firm acquired by Cherry Bekaert | Exit | Accounting & Professional Services | Source |
| Jul 2025 | Horizon Government AffairsWashington health care policy consultancy added to Monument Advocacy; closed June 30, 2025 | Add-on | Accounting & Professional Services | Source |
| May 2025 | South WatchFund administration firm sold to IQ-EQ, an Astorg portfolio company, about two years after Everlane invested | Exit | Accounting & Professional Services | Source |
Portfolio by sector
From the firm's portfolio page S5.
Accounting & Professional Services
- Carey & Co
- Monument Advocacy
Dental
- Akeso Oral Surgery
Other
- demandDrive
- Intero
Past investments: South Watch, Tarsus
Greymont’s take
How Everlane Equity Partners fits a seller
Everlane suits the owner of a service business who wants to take some money off the table but keep running the company and keep a real stake. Its pitch is that management stays in charge of daily operations, the company stays independent rather than being folded into a bigger group, and the firm helps with hiring, systems and acquisitions.
The partners of South Watch stayed on to lead that business after Everlane sold it to IQ-EQ in May 2025, about two years after investing. Because that was a short hold, an owner who rolls equity should ask how long Everlane expects to own the company and who the likely next buyer is. With three people listed on its team page, it is also fair to ask who will actually work on the business after closing.
Questions owners ask
What size company does Everlane Equity Partners invest in?
Its criteria call for family or founder-owned businesses with $1.5 million to $8 million of EBITDA. It invests $2.5 million to $17.5 million of equity from its fund and can reach $50 million in one deal with co-investors.
Will Everlane take a minority stake?
Yes. It says it structures both majority and minority deals, and its stated aim is for management shareholders to hold a significant stake and keep day-to-day control after the transaction.
Does Everlane own accounting or financial services firms today?
No longer. Its two finance platforms are gone: South Watch was sold to IQ-EQ in May 2025, and Tarsus is marked exited, with Cherry Bekaert announcing its purchase in January 2026. The closest current holding is Carey & Co, which gives nonprofits outsourced finance and operations support.
Who does Everlane sell its companies to?
Its approach page says it prepares companies for a recapitalization or a sale to a larger financial buyer or strategic acquirer. Its two marked exits went to larger service groups: IQ-EQ, owned by Astorg, and accounting firm Cherry Bekaert.
Sources
- S1Everlane Equity Partners home page Accessed November 4, 2026
- S2Everlane Equity Partners: Investment Criteria Accessed November 4, 2026
- S3Everlane Equity Partners: Approach Accessed November 4, 2026
- S4Everlane Equity Partners: Team Accessed November 4, 2026
- S5Everlane Equity Partners: Portfolio Accessed November 4, 2026
- S6Horizon Government Affairs Joins Monument Advocacy (July 8, 2025) Accessed November 4, 2026
- S7Monument Advocacy Announces Partnership with Everlane Equity Partners (October 9, 2024) Accessed November 4, 2026
- S8Strategic Investment Fuels Carey & Co.'s Continued Growth (PR Newswire, June 14, 2024) Accessed November 4, 2026
- S9South Watch Announces Strategic Investment by Everlane Equity Partners (PR Newswire, May 2, 2023) Accessed November 4, 2026
- S10IQ-EQ acquires U.S. based South Watch LLC (May 20, 2025) Accessed November 4, 2026
- S11Cherry Bekaert acquires Tarsus (January 13, 2026) Accessed November 4, 2026
- S12Everlane Equity Partners Invests in demandDrive (February 18, 2022) Accessed November 4, 2026
Compiled by Greymont Advisors from public sources, including the firm’s own website and press releases. Greymont is not affiliated with Everlane Equity Partners. Figures are as reported on the dates shown and may have changed. Request a correction