Evergreen Surety

What Evergreen Surety does

Evergreen Surety is an independent surety bond agency headquartered in Littleton, Colorado (Denver metro area), licensed to operate throughout the United States and Canada. The firm places contract and commercial surety bonds and subcontractor default insurance on behalf of clients, holding appointments with 15+ surety carriers. Its product portfolio spans three core lines: Construction Bonds (bid, performance, payment, and maintenance bonds for general contractors and subcontractors); Energy & Commodities Bonds (well plugging, operator, federal lease, market participant financial assurance, decommissioning, reclamation, and interconnection bonds across oil and gas, electricity/renewables, mining, and water sectors); and Commercial Surety Bonds (court, tax, financial guarantee, insurance deductible, and surety-backed letters of credit for mid-to-large companies). Adjacent offerings include access to the SBA Surety Bond Guarantee Program, subcontractor default insurance, and advisory services on bond program accounting and financial reporting.

Name

Evergreen Surety

Legal name

Evergreen Surety

Website

https://evergreensurety.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Evergreen Surety is an independent, Littleton, Colorado-based surety bond agency placing contract, commercial, and energy/commodities surety bonds with 15+ carrier appointments for construction firms, energy producers, and mid-to-large commercial businesses across the US and Canada.

Ownership category

akta.pro rank

Product category

Surety Bond Brokerage and Agency Services

SIC

Surety Insurance (6351)

akta.pro industry

PRIMARYFSAEADAI

Surety & Bond Brokerage

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Insurance Brokerage & Risk Advisory

SECONDARYFSAJAIAA

Contract Surety Bonds

Financial & Insurance/Insurance — Motor, Property & Casualty/Surety & Fidelity Bonds

SECONDARYFSAJAIAB

Commercial Surety Bonds

Financial & Insurance/Insurance — Motor, Property & Casualty/Surety & Fidelity Bonds

SECONDARYFSAJAIAK

Notary / Bail / Miscellaneous Consumer Bonds

Financial & Insurance/Insurance — Motor, Property & Casualty/Surety & Fidelity Bonds

Keywords

• Surety bond agency
• Construction bonds
• Commercial surety
• Bond brokerage services
• Contract surety bonds

Headquarters

HQ city

Centennial

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Surety Bond Placement: The company acts as a surety bond agency/broker, placing bonds with surety carriers on behalf of contractors, developers, and energy producers. Revenue is generated through commissions on bonds placed with carrier partners. The company has appointments with 15+ surety carriers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Evergreen Surety is an independent surety bond agency that places contract, commercial, and energy-sector surety bonds through 15+ surety carriers on behalf of contractors, developers, energy producers, and commercial businesses. Core offerings include construction bonds (bid, performance, payment, maintenance), energy and commodities bonds (oil and gas, renewables, mining, water-sector), commercial bonds (court, tax, financial guarantee, insurance deductible, surety-backed letters of credit), subcontractor default insurance, SBA Bond Guarantee Program support, and accounting/financial reporting advisory for bondability.

Product overview

Evergreen Surety is an independent surety bond agency that offers a portfolio of bonding products and services primarily for construction contractors, energy producers, developers, and commercial businesses. The core offering consists of three main product lines: (1) Construction Bonds covering bid, performance, payment, and maintenance bonds; (2) Energy & Commodities Surety Bonds for oil/gas, renewables, mining, and water sectors; and (3) Commercial Surety Bonds including court, tax, and financial guarantee bonds. The agency also offers specialized products like Surety-Backed Letters of Credit as a hybrid instrument and SBA Bond Guarantee Program support for small businesses. Value-added services include Subcontractor Default Insurance and accounting/financial reporting advisory to help clients qualify for better bonding terms. The company is not a technology platform but a service-based bonding agency with access to 15+ surety carriers.

Differentiator

Problem solved

Functional benefit

Products and services

• Energy & Commodities Surety Bonds Bonding program suite for energy producers, developers, EPC contractors, and power marketers covering oil and gas (well plugging, operator, federal lease bonds), electricity and renewables (market participant financial assurance, decommissioning, interconnection bonds), mining (reclamation, permit, performance bonds), and water-sector obligations.
• Construction Bonds Full range of construction surety bonds including bid bonds, performance bonds, payment bonds, and maintenance bonds placed with 15+ surety carriers for general contractors, subcontractors, and specialty trade contractors on public and private projects.
• Commercial Surety Bonds Non-construction bonding capabilities for mid-to-large market companies, including court bonds (appeal, probate, lien-related), tax bonds, financial guarantees, insurance deductible bonds, and surety-backed letters of credit, placed through the firm's 15+ carrier appointments.
• Surety-Backed Letters of Credit Bank-fronted surety hybrid instrument that combines a bond and letter of credit, allowing principals to preserve banking capacity while providing obligees with on-demand payment terms, with a combined rate of approximately 2% for the bond plus 0.3% for the letter of credit.
• SBA Surety Bond Guarantee Program Access Authorized-agency access to the U.S. Small Business Administration Surety Bond Guarantee Program, supporting bid, performance, payment, and maintenance bonds up to $14M on federal projects and $9M on non-federal projects for small businesses denied by standard carriers, with up to 90% loss reimbursement to surety carriers.
• Subcontractor Default Insurance Insurance product for general contractors that protects against financial loss when subcontractors fail to fulfill contractual obligations, including inability to staff projects, defective work, cash flow problems, and subcontractor bankruptcy.
• Bond Program Accounting & Financial Reporting Advisory Advisory service helping contractors strengthen their surety bond programs through improved accounting practices, including guidance on cash-basis vs. accrual accounting, work-in-progress schedules, and CPA-prepared financial statements to qualify for better bonding terms.

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Small Business Administration (SBA)coreGTM or Marketing PartnerEvergreen Surety is one of the leading SBA-appointed agencies in the United States. The company leverages the SBA Bond Guarantee program to support small businesses that may not qualify for standard surety bonding. The SBA program reimburses surety carriers for up to 90% of losses, allowing underwriters to take on higher-risk bond requests.
• Rocky Mountain Surety Association (RMSA)coreStrategic or Co-development PartnerIndustry association promoting the use and benefits of surety bonds, consisting of 100 surety carriers, agencies, and associate companies throughout the Rocky Mountain Region. Tom Patton has been a member since 2014 and currently serves as Past President, helping guide the surety industry with best practices and educational resources.
• Associated General Contractors of Colorado (AGC/C)minorStrategic or Co-development PartnerProfessional association for Colorado's commercial building industry. Tom Patton has been a member since 2014, allowing him to keep a pulse on the construction industry and remain connected to Colorado's leading general contractors and subcontractors.
• Hispanic Contractors of Colorado (HCC)minorStrategic or Co-development PartnerProfessional trade association representing over 160 members. Focused on commercial and public projects, membership includes general contractors, subcontractors, specialty contractors, A/E firms, public entities, suppliers, and service providers.
• Construction Financial Management Association (CFMA) Colorado ChapterminorStrategic or Co-development PartnerDedicated to bringing together construction financial professionals and partner organizations serving their unique needs. Currently serves over 250 members with reach extending from the mountains to northern Colorado.
• ASA ColoradominorStrategic or Co-development PartnerTrade association for construction industry professionals including electrical, mechanical, drywall, plaster, steel, masonry, concrete, plumbing, roofing, excavating and specialty trades. Members also include insurance, consulting and materials suppliers.
• El Paso County Contractors AssociationminorStrategic or Co-development PartnerAssociation uniting all aspects of the construction industry in El Paso County through professional development, information sharing, local education support, and industry discussion.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Surety1: Surety bond agency offering contract, commercial, court, and license/permit bonds nationwide. Directly comparable as an independent, multi-carrier surety broker with both online and agent-assisted channels targeting contractors and small businesses.
• International Sureties: Specialty surety bond agency focused on hard-to-place and complex commercial/contract surety risks. Directly comparable as an independent agency competing in the difficult-risk niche that Evergreen positions around.
• JW Surety Bonds: Online-focused surety bond agency placing contract, commercial, and court bonds across the US. Directly comparable as a multi-carrier surety agency serving contractors and small businesses with a mix of self-serve and agent-supported placement.
• Bryant Surety Bonds: Independent surety bond agency placing contract, commercial, and federal bonds. Comparable as a multi-carrier independent agency serving construction and commercial clients with agent-led placement.

Regional players

• National Insurance Agency (NIA) Surety Group: Independent surety and insurance agency with multi-carrier appointments and specialty surety expertise. Comparable as an independent surety agency of similar scale and producer-led model, often regionally focused.

Broad incumbents

• AIG Surety: Global surety provider offering contract, commercial, and specialty bonds. Comparable as a broad incumbent in the same product categories with deeper carrier capacity and global reach.
• Travelers Bond & Financial Products: Large surety underwriter and producer across contract, commercial, and fidelity bonds. Comparable as a broad incumbent offering the same bond types Evergreen places, with national scale.
• Liberty Mutual Surety: Major US surety carrier/agency with deep carrier capabilities across contract and commercial surety. Comparable as a broad incumbent in the same product categories Evergreen brokers, with much larger scale.
• Zurich North America Surety: Major surety underwriter with contract and commercial surety capabilities. Comparable as a broad incumbent offering the same bond types Evergreen places through smaller, multi-carrier agency relationships.
• CNA Surety: National surety underwriter and program administrator for contract and commercial surety. Comparable as a broad incumbent carrier/agency competing in the same product categories Evergreen brokers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/evergreen-surety

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evergreen Surety