Canadian private equity firm Ardenton Capital Corp has invested in Achieve One LLC, a Richmond, Virginia-based information technology architecture and service business. No financial terms were released for the deal, which marks Ardenton’s twelfth investment and its first in the United States. Patrick Barry, a director of strategic development in Ardenton’s operations team, will support the partnership between the investor and Achieve One. Achieve One President and CEO Mike Thomas said the partnership will help his company “execute our growth plans.”
Ardenton Announces Equity Investment in Achieve One, LLC
March 23, 2018
Ardenton Capital Corporation is pleased to announce its strategic partnership and equity investment in Achieve One, LLC (“Achieve 1” or the “Company”). This transaction represents Ardenton’s twelfth investment and its first in the United States.
Founded in 2009 and headquartered in Richmond, Virginia, Achieve 1 is a leading integrator of customized technology-based solutions for a diversified base of Fortune 1000 customers. Achieve 1 offers an integrated suite of products and services allowing its customers to drive innovation through IT. By leveraging its strategic partnerships, Achieve 1 is a trusted, value-added service provider that offers support for mission-critical business applications.
Mike Thomas, President and CEO of Achieve 1, said, “I am extremely excited to partner with Ardenton to drive the next phase of the Company’s growth, while continuing to deliver exceptional value and service to our customers. We chose to partner with Ardenton due to the operational and strategic resources they can provide, along with their commitment to support Achieve 1 as we execute our growth plans.”
James Livingstone, CEO of Ardenton Capital Corporation, said, “With the closing of our first transaction in the United States, we could not be more excited to partner with Mike Thomas and his team at Achieve 1. Mike has built a remarkable business, providing innovative IT solutions to a diversified and impressive client base. We are thrilled to have Mike and his business partner, Frank Jenkins, as shareholders of the Company alongside Ardenton, and look forward to taking advantage of the many growth opportunities available to Achieve 1.”
Supporting the partnership between Ardenton and Achieve 1 is Director, Strategic Development, Patrick Barry. Pat acts as a steward of portfolio investments and represents the Ardenton Operating System (“AOS”), which focuses on strengthening the collaborative partnership between Ardenton and its business partners. Pat looks forward to working alongside Mike and his team as they execute on the next chapter of their growth strategy.
Boxwood Partners, LLC acted as exclusive financial advisor to Achieve 1.
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 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 long-term 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 Achieve 1: Achieve 1 is a rapidly expanding IT architecture and services organization based in Richmond, Virginia, with other offices in the mid-Atlantic. Achieve 1 works with its clients to deliver innovative technology solutions that help accelerate growth, while maintaining business continuity, compliance and security. For more information, please visit www.achieve-1.com.
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