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EVERGREEN BUYS ETHOSYSTEMS Featured

Evergreen Services Group continued on its buying path in the mid-market this month with the acquisition of EthosSystems.

 It is the tenth ERP VAR brought into the Evergreen family in the last three years. The move comes as Evergreen, which is backed by Alpine Investors, has been joined in the hunt for VARs by private equity firm Pflingsten, which kicked off its AscendSolution Platform with what were described as investments in Sage reseller, MicroAccounting, and Dynamics VAR, the Rand Group. Pflinsten did not use the terms acquired in relation to this deal and also said management of the two resellers had made investment. A construction and real estate VAR, EthosSystems was formed in 2020 by the merger of Cornerstone Solutions, Inc. and Ledgerwood Associates. Both Plingsten and Evergreen permit their resellers to continue to operate independently and both are investing in companies that sell a range of ERP systems. Evergreen, whose firms are managed by its Pine Services Group subsidiary, acquired Alta Vista Technology in 2022 and in February of this year, merged Digitek Solutions with Alta Vista. Other Pine Services VARs are Dynamics VAR Western Computer; Sage construction reseller, Alliance Solutions Group; Acumatica dealer, I-tech Support & Solutions; Kraft Enterprise Systems and Strategic Information Group, which both handle NetSuite, and SAP VAR, Third Wave Business Systems.

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