Ardenton invests in PI Fine Art

Ardenton Capital has made an investment in Toronto-based PI Fine Art, a vertically integrated art company. No financial terms were disclosed.

PRESS RELEASE

Ardenton Capital Corporation is pleased to announce its strategic partnership and equity investment in Toronto-based Canadian Posters International Inc. which operates as PI Fine Art / PI Creative Art (“PI”), one of the largest full service, vertically integrated art companies in North America.

PI Fine Art specializes in art, custom wallcovering, mirrors and décor for hotels, and healthcare, commercial and residential spaces. PI Creative Art is a pioneer in the art publishing industry as a leading source of fresh decorative imagery, primarily serving the retail market. PI was founded in 1976 by Esther Cohen, amongst the first to wholesale art posters in Canada. Capabilities have expanded to include art development, printing and framing, plus the addition of an art studio and showroom. Since 2003, the company has been co-owned by Esther’s sons, Andrew and Richie Cohen, who will remain shareholders and retain their positions as President of PI Creative Art, and President of PI Fine Art, respectively, following Ardenton’s investment.

The company’s team of highly skilled artists, graphic designers and craftspeople collaborate with customers to create customized art packages that reflect the project’s aesthetic vision and budget. PI has an impressive roster of customers, including industry leaders in hospitality and retail. Vertical integration, a streamlined supply chain and in-house manufacturing allows PI to offer accessible solutions with shorter lead times and uncompromised quality.

Commenting on the deal, Richie Cohen said: “We are proud to lead such an innovative company, growing upon the foundation our mother built.” Andrew Cohen added: “With Ardenton, we have found the ideal partner who shares our long-term vision and can help us take PI to the next stage of growth.”