# Evanston Partners

Evanston Partners is a Private Equity based in Evanston, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Evanston, United States
- **Region:** North America
- **Address:** 1563 Sherman Avenue, Suite 200, Evanston, IL 60201, United States
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** www.evanstonpartners.com
- **LinkedIn:** https://www.linkedin.com/company/evanston-partners-llc

## Regulatory record

- **Reports private funds:** No

## About

Evanston Partners, LLC is a private equity investment firm which partners with management teams to recapitalize, acquire and build small growth companies. It seeks to work with partners who demonstrate passion, integrity and strong work ethic and to build already profitable companies with a long term focus on value creation.

## Sectors

- Industrial Tech
- Food & Beverage
- Business Services
- Consumer
- Logistics & Supply Chain

## People

- William V. Glastris, Jr. — Managing Member
- Jeffrey D. Ellis — Managing Member
- S. Michael (Sy) Peck — Investor / Advisor
- Joseph P. Feldman — Investor / Advisor
- Nat Rosasco — Investor / Advisor
- Rodney Ruth — Investor / Advisor

## Questions

### Who runs investment decisions at Evanston Partners?

Managing Members William V. Glastris, Jr. and Jeffrey D. Ellis lead the firm’s investment activity. Glastris has operated in the lower-middle market since 1983, including thirteen years as a Founding Principal of Prospect Partners, where he helped deploy $470 million across three funds. Ellis combines principal investing experience from High Street Capital with leveraged finance and M&A expertise from Wells Fargo and Macquarie Capital.

### How does Evanston Partners source proprietary deal flow?

The firm relies on the extensive personal networks of its principals, built over decades in the Chicago lower-middle market. William Glastris spent his early career at Golder, Thoma & Cressey and LaSalle Capital Group, and Jeffrey Ellis developed relationships through High Street Capital and Wells Fargo's Leveraged Finance Group. The firm's advisor network — including M&A lawyer Sy Peck and corporate development consultant Joseph Feldman — further expands its origination reach.

### What is Evanston Partners' posture on co-investments alongside external GPs?

The firm invests principal and advisor capital directly into each portfolio company and does not promote a formal co-investment program for outside limited partners. Its public materials position the firm as a direct equity partner to management teams rather than a fund-of-funds or club-deal syndicate serving external allocators.

### How does the firm's operating-company model show up in practice?

Managing Member Jeffrey Ellis serves as CFO and a director of portfolio company Auto Driveaway Transport Logistics, where he has executed over thirty add-on acquisitions of formerly franchised offices. This deep operational embed illustrates a hands-on, operator-partner approach rather than a purely financial-oversight board role.

## Related profiles

- [Evans Capital](https://altss.com/profile/evans-capital)
- [EVE Atlas](https://altss.com/profile/eve-atlas)

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Last updated: 2026-08-11T15:06:42.396Z

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