Press release

Grant Thornton advises Evolution Business Systems on its acquisition by Pine Services Group

22 Sep 2026 3 min read

Grant Thornton Australia is pleased to congratulate Evolution Business Systems (EBS), a leading Australian Microsoft business applications solutions partner, on its successful acquisition by Pine Services Group (Pine), a global holding company focused on partnering with ERP and technology-enabled services businesses.

The transaction marks an important milestone in EBS's 25-year journey and positions the business for its next phase of growth while preserving the culture, customer focus and technical expertise that have underpinned its success.

Founded in 2001, EBS has built a strong reputation as a trusted Microsoft solutions partner, helping organisations improve financial management, operations and decision-making through technology. The company serves clients across a diverse range of sectors, including not-for-profit, health, government, education, professional services and commercial industries.

Under Pine's long-term ownership model, EBS will continue to operate independently under its existing brand and leadership team, ensuring continuity for employees and customers while benefiting from access to additional resources, strategic support and an international network of ERP specialists.

Grant Thornton acted as lead financial adviser to EBS, supporting the shareholders throughout the transaction process, including strategic advice, transaction preparation, buyer engagement, negotiations and execution.

Peter Thornely, Partner, Financial Advisory at Grant Thornton Australia, said:

"This transaction is a significant achievement for the Evolution Business Systems team. Over the past 25 years, EBS has built an exceptional business founded on deep Microsoft expertise, strong customer relationships and a genuine commitment to helping clients achieve better outcomes through technology."

"Pine's long-term investment philosophy and commitment to preserving the identity and independence of the businesses it acquires made it a compelling strategic partner for EBS. The transaction provides EBS with access to additional resources and a global community of expertise, while enabling the business to continue delivering the highly personalised service its customers value."

"We are proud to have supported EBS through this important milestone and congratulate the EBS team on securing a partner that shares their values, growth ambitions and customer-first approach. We look forward to seeing the business continue to thrive in its next chapter."

The transaction marks a significant milestone for EBS who are highly regarded as a Microsoft solutions partner serving clients across Australia for more than 25 years.

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