Ardenton invests in Shaftec

Ardenton Capital has made an investment in UK-based Shaftec, a provider of automotive parts to the UK aftermarket. No financial terms were disclosed.

PRESS RELEASE

Ardenton Capital Corporation is pleased to announce its strategic partnership and equity investment in Birmingham, UK-based Shaftec Automotive Components Ltd (“Shaftec”).

Ardenton’s third investment in the West Midlands, UK, Shaftec has been supplying remanufactured and new parts to the automotive industry for more than 20 years, establishing itself as the leading transmission, steering and brake supplier to the UK aftermarket.

Shaftec employs 130 people, operating from its 42,000 sq. ft. facility in Birmingham, where it manufactures and distributes products across the UK and Europe.

Ardenton has been active in the West Midlands since the Canadian-headquartered investor established its first overseas office in the UK in early 2017. Led by experienced dealmakers Iain Marlow and Michael Bradbury, the UK team’s previous West Midlands acquisitions include Corbetts the Galvanizers in Telford, and PP Control & Automation in Walsall.

Iain Marlow, Director of Ardenton UK, said: “We seek to partner with exceptional management teams who demonstrate a clear passion for their businesses and are committed to long-term and sustainable growth. Shaftec Automotive is a true market leader and its success to date is a testament to the operational excellence and dedication of its management team.”

Shaftec Managing Director, Rob Jones, who founded the business 20 years ago after following his father’s footsteps into the industry, said: “At Shaftec we have always strived to improve the quality of service and product delivery we provide to our customers. The business has grown revenue by more than 50% over the last 3 years because of the strength of the team we’ve been able to build and we look forward to working alongside Ardenton to continue that growth.”

Supporting the partnership between Ardenton and Shaftec is Director, Strategic Development, Allan Dunn. Based in the firm’s Manchester office, Allan is ideally located to oversee the implementation of the Ardenton Operating System (“AOS”) at Shaftec, focusing on business improvement and growth.

About Ardenton Capital Corporation: Ardenton is a global private business investment corporation, focused on meaningful business partnerships and long-term growth. Investing alongside passionate owners and management teams, Ardenton acquires controlling 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 longterm view on value creation. Ardenton has offices in Canada (Vancouver, Edmonton, Toronto, Guelph), the United States (Dallas, Philadelphia, Chicago) and the United Kingdom (Manchester, London). For more information, please visit www.ardenton.com.

About Shaftec Automotive: Based in Birmingham, UK, Shaftec is a leading supplier of automotive parts to the UK aftermarket. Backed by the highest levels of availability and exceptional customer service, Shaftec offers its customers the largest range of premium products, including driveshafts, brake calipers and steering racks. For more information, please visit www.shaftec.com