Ardent invests in change of control transactions with privately owned businesses, corporate divestitures and restructurings.

Revenues

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.

Profitability

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.

Industry

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.

Geography

Headquarters and management team must reside in the United States or Canada.  Candidates may have significant international sales or operating footprint.

 

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