Solvane Group and David Carlson have completed a $50 million acquisition of the Evolve Restoration platform, forming a Dallas-headquartered national property restoration group focused on storm damage restoration, roofing, fire, smoke, water, and mold remediation services.
The acquisition, completed through Evolve Restoration, LLC, marks the next phase of Solvane Group’s national consolidation strategy within the property restoration industry. The deal follows the company’s earlier roll-up of Restore Medics USA and combines complementary restoration capabilities into a unified national platform operating across more than 35 markets in the United States, Canada, and Australia.
The newly combined organization will provide services spanning storm damage restoration and roofing alongside fire, smoke, water, and mold remediation. According to the company, the platform has completed more than 7,500 projects and generated over $160 million in cumulative platform revenue.
The company said the acquisition strategy is designed to address fragmentation across the North American property restoration sector, which has historically been dominated by regional operators with inconsistent operational standards and limited investment in infrastructure and technology.
EagleView Technologies co-founder Carlson is widely recognized within the insurance restoration industry for helping establish aerial roof measurement as an industry standard before EagleView was acquired by Vista Equity Partners in a transaction valued at more than $750 million.
As part of the transaction, the company will relocate its national headquarters to Dallas, Texas. The new headquarters location positions the business closer to the Gulf Coast, Southeast, and Central United States, regions that experience a significant share of annual insurable weather events. The company also cited access to field-services and construction talent, along with operational scale advantages, as factors behind the relocation decision.
The company plans to invest in integrated operating technology and data systems for field teams, standardized estimating and project management infrastructure, and additional acquisitions of regional restoration operators that align with its underwriting and integration standards.
The Evolve Restoration platform’s proprietary Market Partner model will continue operating under the new ownership structure and will remain a core part of the platform’s growth strategy. The company also said a unified brand identity for the combined platform is expected to launch in the coming weeks.
Terms of the transaction beyond the $50 million purchase price were not disclosed.
KEY QUOTES:
“The property restoration industry is one of the largest and most fragmented sectors in North America, and it has been underinvested in operational infrastructure, technology, and disciplined execution for decades. We see a generational opportunity to build a unified national platform with the systems, capital, and field capability to lead through the next decade. The Evolve Restoration platform — combined with Restore Medics — gives us the geographic reach, vertical breadth, and proven unit economics to accelerate that vision.”
David Carlson, Co-Founder, EagleView Technologies
