Canadian private equity firm Ardenton Capital Corp has invested in Comtrad Strategic Sourcing, a Toronto-based sourcing and logistics company. No financial terms were released for the deal, Ardenton’s fourth in Canada in the past twelve months. Established in 1977, Comtrad specializes in sourcing products from Asian suppliers to original equipment manufacturers and distributors with operations in North America. Comtrad President and CEO Jim Long said the partnership with Ardenton will help the company expand its product and service offerings.
Ardenton Announces Equity Investment in Comtrad Strategic Sourcing
October 20, 2017
Ardenton Capital Corporation is pleased to announce its strategic partnership and equity investment in Comtrad Strategic Sourcing (“Comtrad”). This transaction represents Ardenton’s fourth investment in Canada over the last twelve months.
Founded over 45 years ago and currently headquartered in Mississauga, Ontario, Comtrad specializes in sourcing cost-effective and high-quality products from Asian suppliers to OEMs and distributors with operations in North America.
Jim Long, Comtrad’s CEO, said, “We are excited to have Ardenton as our new partner. With the strategic and operational resources they provide, we are confident Comtrad is well-positioned for the next stage of its growth. We believe their experience and expertise will allow us to expand our product and service offerings.”
James Livingstone, CEO, Ardenton Capital Corporation said, “From our initial meetings with the Comtrad management team, through to the completion of our investment, we were impressed by their energy, passion, and high level of commitment to both customers and suppliers. In particular, we are pleased to have Jim Long as a co-investor and shareholder in Comtrad; we look forward to a long and prosperous partnership with both Jim and the company. We are fully committed to helping them capitalize on the many opportunities in their core markets.”
Grant Thornton LLP acted as exclusive strategic and financial advisor to Comtrad.
About Ardenton Capital Corporation: Ardenton is a global private equity corporation, focused on meaningful business partnerships and long-term growth. Investing alongside passionate owners and management teams, Ardenton acquires stakes in profitable, well-established, cash-flowing private businesses. Ardenton works to remove constraints for its business partners and provides operating and financial support with a long-term view on value creation. Comtrad Strategic Sourcing is Ardenton’s eleventh investment in its global portfolio. Ardenton has offices in Canada (Vancouver, Edmonton, Toronto, Guelph), the United States (Dallas, Philadelphia, Chicago), and the United Kingdom (Manchester, London).
About Comtrad Strategic Sourcing: Comtrad is a leader in offering an innovative approach to outsourcing manufacturing. The Company offers solutions to a variety of OEM manufacturing disciplines, including R&D, tooling and the advantages of our strategic global sourcing and logistics experience. Comtrad provides its services to customers across multiple industries, with both standard and custom designed products, who need a sourcing partner to provide environmentally friendly, cost effective opportunities, and service excellence.
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Photo courtesy of Comtrad Strategic Sourcing