Solvane Acquires Evolve Restoration for $50 Million

David Carlson, co-founder of EagleView Technologies, is a partner in the transaction

Evolve / edited by Tanja Kern

DALLAS — Solvane Group has completed the $50 million acquisition of the Evolve Restoration platform, expanding its national property restoration operations and establishing Dallas as its new headquarters.

The acquisition combines Evolve Restoration’s storm damage restoration and roofing services with Solvane’s existing portfolio, including Restore Medics USA, creating a platform that offers storm, fire, smoke, water and mold restoration services across more than 35 markets in the United States, Canada and Australia.

According to the company, Evolve Restoration has completed more than 7,500 projects and generated more than $160 million in cumulative revenue. Financial terms beyond the purchase price were not disclosed.

David Carlson, co-founder of EagleView Technologies and a partner in the transaction, said the deal positions the company to expand its national footprint in a fragmented restoration industry.

“The Evolve Restoration platform — combined with Restore Medics — gives us the geographic reach, vertical breadth, and proven unit economics to accelerate that vision,” Carlson said.

The company said it will relocate its headquarters to Dallas, citing its proximity to regions frequently affected by severe weather events and its access to construction and field-service talent.

Solvane said it plans to invest in technology, standardized operating systems and future acquisitions as part of its growth strategy. A new brand identity for the combined platform is expected to be announced in the coming weeks.

The acquisition comes months after Evolve Construction & Restoration announced an expansion into Kansas and Missouri, where the company sought to grow its presence in the Midwest's hail-prone markets. At the time, Evolve said it operated in more than 35 markets and criticized the increasing role of private equity-backed consolidation in roofing and restoration, arguing that industry rollups had contributed to operational failures at some companies.