Ardenton Capital has made an undisclosed investment in Comtrad Strategic Sourcing. Grant Thornton LLP provided strategic and financial advice to Comtrad on the transaction. Based in Mississauga, Ontario, Comtrad is a global parts supplier and international outsourcing services company.
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, cashflowing 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)