EverLine Coatings and Services, a provider of line painting, pavement maintenance and other facility services, has secured a strategic investment from Red Iron Group, a private investment firm based in Menlo Park, California. The partnership supports EverLine’s position as a leading self-performing commercial and industrial facility services brand across North America.
The growth equity investment will enable EverLine to enhance its systems and increase service capacity, meeting the rising demand for its offerings. Backed by Red Iron Group’s capital and strategic expertise, EverLine plans to accelerate its expansion into new markets, maintain its high service standards and drive innovation in the facility services industry. CEO and founder John Evans will continue to lead the company with ownership of the business.
“With the support of Red Iron Group, we are poised to elevate our service offerings and expand our reach as we continue to grow across North America,” said Evans. "We are committed to staying true to our values and continuing to provide exceptional service, while leveraging enhanced resources to take our brand to the next level.”
Key highlights of the partnership include:
- System Enhancements: Investment in advanced technology and innovative tools will streamline franchise operations, improve service delivery and provide real-time insights to customers.
- Franchise and Service Expansion: EverLine will expand into new markets, increasing its footprint and capacity to meet growing demand while maintaining quality and consistency.
“As a founder-led company positioned for significant growth in a fragmented industry, EverLine is an ideal partner for Red Iron Group,” said Jason Klein, Co-CEO of Red Iron Group. “We are excited to collaborate with John Evans and his team to extend EverLine’s reach, transform operations, integrate technology and drive value for customers and franchisees. Together, we aim to establish EverLine as the leading choice for facility services in North America.”
