WAYNE, Pa.–(BUSINESS WIRE)–Guardian Capital Partners (“Guardian”) is pleased to announce the final close of Guardian Capital Partners Fund III, L.P. (“Guardian Fund III”) with $282 million in capital commitments. The fundraise was oversubscribed with strong support from existing limited partners (“LPs”) and several new institutional investors. Fund III is off to a running start, having already acquired two growing platform businesses, Western Shelter Systems (October 2019) and Flat River Group (November 2019).
“To reach our hard cap during a global pandemic is a testament to our high-quality team at Guardian,” commented Peter Haabestad, Co-Founder and Managing Partner. “We sincerely appreciate the incredible support of our LPs and welcome our new LPs, many of whom worked hard to complete their diligence processes after lockdowns started.”
Scott Evans, Co-Founder and Managing Partner, added, “This is an exciting time to be investing as companies begin to rebound and deal with new challenges, including changing consumer behavior, ESG opportunities, sourcing issues, new channel strategies, and workforce management. We built Guardian with the goal of delivering superior returns to our investors, and we believe that demand for Fund III reflects limited partner confidence in our ability to execute on Guardian’s successful strategy.”
Since Guardian’s inception in 2008, the team has closed 45 transactions including acquisitions of platforms and add-ons, as well as divestitures. In conjunction with the fundraise of Guardian Fund III, Guardian added two Partners, Adrian Ironside and Ryan Northington, who will both lead investments in Fund III. Guardian’s four partners are supported by eleven investment professionals, a finance and compliance team, and a strong advisory board.
Latham & Watkins LLP was counsel to Guardian Fund III. Guardian topped off the Fund III capital raise with the support of Shannon Advisors LLC as its exclusive placement agent.
About Guardian Capital Partners
Located in the Philadelphia suburbs, Guardian Capital Partners is an operationally focused private equity firm that leads control-oriented investments in lower middle-market private companies with annual revenues generally between $20 million and $100 million and EBITDA generally between $3 million and $9 million. Guardian invests in three specific sectors: Consumer Products, Niche Manufacturing and Specialty Business Services. For more information, please visit www.guardiancp.com.