Ardent Investors

Ardent invests exclusively in lower middle market companies with enduring prospects. We target companies with revenues between $10 and $75 million, typically owned by founders, their descendants, or corporations. Each business presents unique challenges and opportunities, requiring a tailored approach that differs from strategies used with larger enterprises - from structuring and executing an initial transaction to driving sustainable growth over time. Ardent collaborates with owners and managers to develop a deep understanding of the business and its needs. We take pride in developing creative and unique structuring solutions that fit the needs of all stakeholders to position the company for long-term success. Our Investment Criteria Industries - Business Services - Industrial and Energy Services - Niche Manufacturing and Distribution - Food & Agriculture - Consumer Products Geography - Headquartered in the U.S. or Canada Transaction Size - $10M to $100M (No size requirements for portfolio add-ons) Revenue - $10 million to $75 million (No size requirements for portfolio add-ons) Profit - $2 million to $15 million (No size requirements for portfolio add-ons) - Net margins of 15% or greater - Smaller and larger candidates will be considered on a case-by-case basis Ownership - Preference for control equity investments Other Target Characteristics - Established position in a well-defined niche - Differentiated service or product offering - High customer retention and low churn - Asset-light and operationally scalable - Modest capital expenditure and working capital needs