Ardenton Capital Corporation - Business Update

Ardenton Capital Corporation (Ardenton) is pleased to announce the successful sales of its majority interests in four portfolio companies in recent months:

  • Leone Fence (Leone), a premier producer, distributor, and installer of fencing products for commercial and residential applications in the Greater Toronto Area;
  • Stevenson Industrial Refrigeration (SIR), a leading designer, installer, and servicer of large scale-cooling systems across Western Canada;
  • The Pipe Yard (TPY), a steel pipe specialist with services that include new pipe sales, secondary sourcing, pipe stripping and coating removal, throughout Western Canada; and
  • Achieve 1 (A1), a regional integrator of technology-based solutions, serving business throughout Virginia and the Carolinas.

These sales reflect the hard work and dedication of the Ardenton and portfolio company teams and underscore our commitment to maximizing the value of our diverse interests for the benefit of our stakeholders. The Multiple on Invested Capital (MOIC) achieved over the lifespan of these investments has been an impressive 3.0 times, a testament to the strategic value generated throughout Ardenton's ownership tenure. This metric underscores the effectiveness of our investment strategy and the significant returns delivered to our stakeholders.

The sales of Leone, SIR, and TPY complete the divestiture of our North American Industrials platform. Leone and TPY were sold to strategic buyers with market leading positions in their respective fields while SIR was sold to our business partner (SIR’s founder and CEO). A1 was also successfully sold to our business partners in the company.

The successful exits of these four portfolio companies have provided us with the opportunity to streamline our portfolio allowing an increased focus on certain entities identified as platform investments. These platform investments are believed to have favorable prospects for growth during the contemplated holding period.

In addition to optimizing portfolio performance, Ardenton maintains a steadfast focus on value creation initiatives, consistent with our objective of maximizing returns for stakeholders. One of these strategies involves identifying strategic acquisitions that complement our platform investments. By pursuing accretive acquisitions, Ardenton can expedite growth for companies capable of integrating new operations at a pace aligned with stakeholder expectations. This approach not only enhances the overall value of Ardenton’s portfolio but also strengthens our position in key markets by expanding our operational footprint and leveraging synergies.

This strategy has already been put into action with a strategic acquisition by Pebbles Care (Pebbles). Pebbles, a children’s care and education provider in the United Kingdom and Scotland, recently acquired BDT Care Solutions. This acquisition adds four nurturing homes in Scotland to Pebbles’ overall capacity, increasing its operations to 50 homes and four independent schools. Ardenton is proud to be partnered with Pebbles and to be able to support its mission of leading the way in bespoke, therapeutic care and education for young people.

As we look ahead to our future activities, our focus is firmly set on embracing digital transformation and leverage cutting-edge AI tools as we strive to lead a transformation on how private equity and partnership companies work together.

Ardenton Capital Corporation

Ardenton is a global private equity firm with majority ownership interests in portfolio companies in Canada and the United Kingdom. Our approach is defined by strategic collaboration with our business partners, aiming to identify and capitalize on growth opportunities while enhancing governance and reporting frameworks. Through meticulous execution of value creation initiatives, we endeavour to optimize the potential of each portfolio entity, fostering sustainable growth and maximizing returns for all stakeholders. At Ardenton, we are committed to driving innovation, fostering operational excellence, and creating lasting value in every facet of our investment strategy.

For more information about Ardenton and our portfolio companies, please visit www.ardenton.com and www.ardenton.com/partners.

If you have any questions, please contact: [email protected].

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