Ardent invests in change of control transactions with privately owned businesses, corporate divestitures and restructurings.
Revenues are generally $10 to $100 million. The minimum revenue base serves as a proxy for a company’s level of development. Candidates have some level of systems, processes and management depth above that of a sole proprietorship. Smaller and larger candidates will be considered on a case-by-case basis and may be ideal fits for our investment approach.
Candidates have $2 million or more of operating profitability or profit potential. Recent profitability may not be indicative of potential. We will take the time to understand a company’s history and develop our own view of profit potential that may be very different from historic reported results.
Ardent is industry agnostic. A candidate’s niche focus and plans for the future are more relevant. Candidates have a meaningful position in a well-defined niche. We avoid highly capital intensive businesses. Past industry experience includes consumer products, food/agricultural, business services, healthcare services, energy services, distribution, aerospace and defense, building products, packaging, and multi-unit retail.
Headquarters and management team must reside in the United States or Canada. Candidates may have significant international sales or operating footprint.