History
1923
Daniel J. O’Brien, Sr aggregates over 1,000 apartments in the Chicago suburbs, starting during the Great Depression. He renovates, restores, and improves each property extensively, focusing on quality rather than cost cutting. He restores several blighted neighborhoods and works closely with cities in these restorations and improvements of blighted neighborhoods.
In 1951, James McSheehy starts American Cleaning Equipment, Inc., headquartered in the Chicago suburbs. He sells a majority stake in the company and continues running the company. It grows to one of the largest in the U.S., with revenue of $150 million inflation adjusted. Several years later, he dies of leukemia. The company declines in revenue and market share after his death. The remaining minority interest in the company is exited after his death. One of the company’s products is Minuteman, which exists as a standalone company today.
1951
1981
The next generation continues the culture of entrepreneurship. This includes the establishment and growth of a commercial electrical services company, servicing large airports, sports stadiums, and other private and public projects. It becomes one of the largest in the state. In this generation, the family also acquires a portfolio of large commercial suburban apartment properties and does extensive High-Value-Add renovation, restoration, cleanup, and value add. It works with cities to clean up, improve, and restore several blighted neighborhoods, and makes significant and lasting contributions in these efforts.
The next generation continues in the same work as the previous generation, in new businesses: the acquisition of private companies, the acquisition and High-Value-Add renovations of apartment properties, and working with suburban city governments to make important contributions to the health of the cities.
2008
2025
Young interns join the team to learn, hands-on, how to create value
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$4 billion
In completed transactions
$1.2 billion
Total Revenue of Turnaround Companies Advised
83 years
Total Revenue of Turnaround Companies Advised
Evergreen
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100%
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