Ardenton Opens 7th Global Office, Expanding into the Eastern United States
PHILADELPHIA, July 19, 2017 (GLOBE NEWSWIRE) -- Ardenton Capital Corporation (“Ardenton”), a Vancouver, British Columbia based private equity corporation that invests for the long-term in private, middle-market companies, announced that Jason Cunningham and Craig Warznak have joined as Vice Presidents to lead the firm’s expansion into the Eastern United States.
Based out of Philadelphia, PA, Jason and Craig will focus on originating and executing new private company acquisition opportunities for businesses with 3.0 million to 10.0 million in EBITDA across a range of sectors. Ardenton’s expansion into the U.S. began in January 2017 with the opening of a Dallas, TX office. In late 2016, Ardenton made its first overseas expansion, when it opened an office in Manchester, U.K. The firm seeks to deploy $500 million over the next five years across its expanding international footprint.
Jason brings more than 15 years of investment banking experience to Ardenton, most recently as a Managing Director with Baker Tilly Capital, LLC, a boutique investment banking firm. At Baker Tilly Capital, LLC, Jason focused on the origination and execution of sell side merger and acquisition transactions for middle market businesses with a focus on family, founder and entrepreneur-owned companies.
Jason commented, “Ardenton looks to partner with management and ownership teams to remove operational constraints and drive long-term value creation. Our unique approach to private equity provides business owners the opportunity to achieve near-term liquidity while preserving the legacy of the company and allowing them to participate in the future success of the company over the long term. This is the type of partnership that many of my former sell side clients were seeking but was lacking in the market.”
Craig brings more than 10 years of M&A related experience to Ardenton, most recently as Director of Corporate Development with CDI Corp., an NYSE listed professional services company. Throughout his career, Craig has been involved in corporate advisory, restructuring, growth equity, and buyout investing.
Craig commented, “Ardenton’s approach to investing is a differentiated perspective in a rapidly changing private equity landscape. I look forward to bringing a long-term perspective to our future partners while helping them achieve their personal and business goals.”
Ardenton acquires majority interests in cash-flowing, mid-market businesses, across North America and the U.K. that demonstrate a profitable track record, with EBITDA in the range of 3-10 million. Ardenton combines capital and qualified, passionate business partners with established enterprises seeking growth or succession solutions. Ardenton works collaboratively with management teams to develop strategies and business plans that identify growth opportunities. As a private equity corporation, Ardenton is not required to sell its interests in its portfolio companies. The result is committed people and committed capital, both focused on the long-term benefits of the companies they partner with. Ardenton holds majority ownership positions in ten active portfolio companies and is targeting ten new acquisitions each year. Ardenton currently has offices in Vancouver, Edmonton, Toronto, Dallas, TX, Philadelphia, PA, Manchester, U.K., recently opened an office in Chicago, IL, and will open an office on the U.S. West Coast in late 2017.Go Back