Investment Criteria

Our Mission & What We Look For

Our Mission

We invest in enduring businesses—and the people behind them to preserve what they’ve built and help grow it to the next level. 

We bring thoughtful capital, flexible solutions, and a shared respect for legacy to navigate transitions and unlock long-term sustainable potential.

Long-Term Partners with Skin in the Game

Partnership

Long-term alignment by investing our own capital alongside founders and management

Tailored Approach

Custom deal structures built around the goals of founders and management

Institutional Investors

Along with our personal capital, every deal is backed by top tier endowment funds

Certainty

Managing Partner-led diligence. Close in as little as 60 days post-LOI

Our Investment Criteria

INDUSTRIES

- Business Services
- Industrial and Energy Services
- Niche Manufacturing and Distribution
- Food & Agriculture
- Consumer Products

- Headquartered in U.S. or Canada

- $10M to $100M (No size requirements for portfolio add-ons)

- $10 million to $75 million (No size requirements for portfolio add-ons)

- $2 million to $15 million (No size requirements for portfolio add-ons)
- Net margins of 15% or greater
- Smaller and larger candidates will be considered on a case-by-case basis

- Preference for control equity investments

- Established position in a well-defined niche
- Differentiated service or product offering
- High customer retention and low churn
- Asset-light and operationally scalable
- Modest capital expenditure and working capital needs

Transaction Profiles

Founders, their heirs, and their family members own and operate most lower middle market companies. Their needs are different from those of larger, institutionally owned and managed businesses. As leaders and managers, they seek prosperity for the business, themselves and their people. As founders, they hope to preserve the legacy of their life’s work. As shareholders, they desire a range of personal financial goals — from embarking on a path toward diversification through a partial recapitalization or through an outright sale.

Ardent structures common sense transactions that satisfy an individual owner’s or an owner group’s overlapping and sometimes even competing objectives through a private investment transaction. A thoughtful transaction will provide a catalyst that accelerates the company’s development.

Corporations divest smaller business units for many reasons. Most commonly, these businesses do not fit a corporate strategy. Uncommitted owners hold back progress of these “corporate orphans.” Divestiture candidates range from autonomous business units to product lines lacking infrastructure and a full management complement. Divestitures present distinct challenges due to a legacy of corporate support and integration that vary from minor to extreme.

We have deep experience executing transactions to facilitate complex corporate divestitures. These transactions often require intense collaboration between the seller, operating management, and Ardent. In all cases, we work with parent and operating management to develop a deep appreciation of the issues and present constructive solutions.

Even great businesses can experience setbacks. For financial or other reasons, the managers or owners may require outside help to navigate a restructuring and to provide capital for a recovery plan. Restructurings occur in and out of bankruptcy. In most cases, time is of the essence. Complexity abounds. There is little room for error.

Ardent has experience with a range of bankruptcy and non-bankruptcy related restructurings. Ardent will minimize or avoid restructuring costs by moving quickly and by collaborating with all stakeholders to find cost effective alternatives. We often find creative solutions to break the impasse that develops between debtors and creditors.