Cogenuity Announces Investment in EverLine to Accelerate Growth in Infrastructure Services

FOR IMMEDIATE RELEASE

SAN FRANCISCO, CA - August 27, 2025 - Cogenuity Partners ("Cogenuity"), a lower middle market private equity firm investing in critical businesses within the advanced industrial economy, today announced its investment in EverLine, a provider of recurring mission-critical infrastructure services. This transaction marks the third platform acquisition in Cogenuity's inaugural fund which was closed in 2024.

Headquartered in Houston, TX, EverLine delivers critical services that enable the safe and reliable operation of critical infrastructure by providing leadership in compliance management, operational technology, control center operations, SCADA systems, and cybersecurity. Combining technical depth and its proprietary digital tools, EverLine ensures its customers operate safely, efficiently, and in compliance with regulations.

"EverLine exemplifies the type of company we seek to partner with - an advanced industrial business solving critical infrastructure challenges with deep experience and a forward-looking technology strategy," said Daniel Niccum, Managing Partner at Cogenuity Partners. "EverLine has built an exciting platform at the intersection of compliance, operations, and technology which supports our country's critical infrastructure. Through our Collaborative Operations model, we will support Paul and the EverLine leadership team to accelerate growth across asset operators, electrical utilities, renewables, NERC-driven compliance, ports, and other infrastructure applications. We are especially excited about EverLine's proprietary technologies that improve the capture, verification, and auditability of asset data - an area that will define the next generation of infrastructure services."

"We are excited to partner with Cogenuity, whose values and approach align closely with ours," said Paul Neundorfer, CEO of EverLine. "Their experience with infrastructure services companies and their collaborative approach make them an ideal partner as we enter our next phase of growth. With Cogenuity's support, we will expand into new markets, accelerate innovation in our proprietary technologies, and continue to deliver unmatched value to our customers and the communities they serve."

Cogenuity's investment in EverLine reflects its broader strategy of partnering with management teams in the advanced industrial economy to build enduring companies that deliver critical products and services. The Cogenuity Collaborative Operations Program™ integrates operational experience, talent development, and strategic resources to accelerate growth and performance.

Financing for the transaction was provided by Ally Financial, and Kirkland & Ellis served as legal counsel for Cogenuity. Stifel served as financial advisor to EverLine.

About Cogenuity

Cogenuity Partners is a lower middle market private equity firm investing in critical businesses within the advanced industrial economy. We combine deep industry experience with hands-on operational support to build long-term value and drive sustainable growth. For more information, visit https://www.cogenuity.com.

About EverLine

EverLine is a provider of critical infrastructure services, specializing in SCADA/IT, compliance, cybersecurity, and operations management. With a reputation for technical expertise and innovation, EverLine enables asset operators, utilities, renewable energy providers, and industrial customers to operate safely, efficiently, and in compliance with regulatory requirements. Learn more at https://www.everlineus.com.