Ardenton sells stake in Interpro Technical Services
Canadian private equity firm Ardenton Capital Corp has sold its 50 percent equity stake in Interpro Technical Services Ltd, a Port Coquitlam, British Columbia-based specialist in field maintenance services for critical rotating machinery. Terms weren't released for the deal, which was wrapped up last month. Ardenton's interest was acquired by Interpro CEO Carey Healey. Interpro, acquired in 2010 by Ardenton Founder and CEO James Livingstone and a partner, was the firm's inaugural investment. Ardenton will use the proceeds of the sale to fund new majority acquisitions.
14 January 2019•2 mins read
