Ardmore Shipping Corp.

Ardmore Shipping Corp.

Ardmore Shipping Corp.

Overview
Date Founded

2013

Headquarters

Belvedere Building,69 Pitts Bay Road,Ground Floor,Pembroke, Hamilton HM 08

Type of Company

Public

Employees (Worldwide)

1,105

Industries

Marine Shipping
Other Transportation

Company Description

Ardmore Shipping Corp. is a holding company, which engages in the provision of seaborne transportation of petroleum products and chemicals worldwide. It also owns and operates fleet of tankers. The company was founded by Anthony Gurnee on May 14, 2013 and is headquartered in Pembroke, Bermuda.

Executives & Employees

President & Chief Executive Officer

Senior Vice President, Chief Financial Officer, Secretary & Treasurer

Executive Vice President & Chief Operating Officer

Senior Vice President & Chief Commercial Officer

Vice President & Director Corporate Services

Director, Accounting

Corporate Finance Executive

Managing Director, Anglo Ardmore-Joint Venture

Director, Finance

Director, Commercial Operations

Board of Directors

President at CNL Macquarie Global Growth Advisors LLC

Chief Executive Officer & Executive Director at Pacific Basin Shipping Ltd.

President & Chief Executive Officer at Ardmore Shipping Corp.

Former Executive Vice President & Senior Maritime Advisor at American Bureau of Shipping, Inc.

Chairman & Chief Executive Officer at Carisbrooke Shipping Holdings Ltd.

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Owners & Shareholders
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Meros Investment Management L.P. is an American private company located in Dallas, TX. The firm provides investment advice. It was founded in 2019 by Timothy Darin Chatard. Kenneth Scott Canon has been the CEO since that date.

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Adirondack Research & Management (ARM) manages the Adirondack Small Cap Fund. The firm uses middle down research approach to identify attractive industries for investments and then narrows their search to identify the best companies for investment. They focus on out-of-favor companies that are not widely followed by Wall Street or are in transition. ARM seeks to identify companies in sectors with encouraging trends. This typically includes companies with improving balance sheets are improving and strengthening cash flows. ARM also also looks for companies with improving competitive positions due to exciting new products or decreased competitive pressures. The firm also focuses on companies that manage assets wisely. They look for companies with a history of smart acquisitions, sensible share buybacks, debt reduction or that have insiders buying shares along with the firm.

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SCM has designed a value-based investment process to focus intently on such situations, and systematically capitalize on these expected errors. The internal screening process focuses on identifying companies at the intersection of three important criteria: (a) Low Valuation: low price-to-book; low price-to-sales; low price-to-cash flow; and other relevant valuation metrics; (b) High Quality: proven businesses and conservative capital structures (low debt-to-capital, high interest coverage and other measures of financial strength); (c) Identifiable Catalysts: cyclical, secular, and company specific. The in-depth research begins once SCM identifies a company that meets their criteria. All the buy and sell decisions are based on the relationship between the market price and the firm’s estimate of the intrinsic value of a company.

Recent Transactions
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Hafnia Ltd. purchases Ardmore Shipping Corp.

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Ardmore Shipping Corp. issued . USD Common Stock

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Ardmore Shipping Corp. issued USD Common Stock

Transaction Advisors
Escrow Agent

Advised onArdmore Shipping Corp. issued USD Common Stock

Underwriter

Advised onArdmore Shipping Corp. issued USD Common Stock

Auditor

Advised onArdmore Shipping Corp. issued USD Common Stock

Executive Director

Advised onArdmore Shipping Corp. issued USD Common Stock

Legal Advisor

Advised onArdmore Shipping Corp. issued USD Common Stock

Legal Advisor

Advised onArdmore Shipping Corp. issued USD Common Stock

Advisors & Consultants
Legal Advisor

Partner at Davis Polk & Wardwell LLP

Publicist

President at The IGB Group

Publicist

Professional at The IGB Group

Key Stats and Financials As of 2020
Market Capitalization
$130M
Total Enterprise Value
$461M
Earnings Per Share
$-0.18
Revenue
$220M
Net Profit
$-6.05M
EBITDA
$57M
EBITDAMargin
25.9%
Total Debt
$410M
Total Equity
$320M
Enterprise Value / Sales
2.09x
Enterprise Value EBITDAOperating
8.06x
TEVNet Income
-76.2x
Debt TEV
0.89x
Investors
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Greenbriar Equity Group LP seeks investment opportunities in both public and private companies located in the US. The firm focuses on companies with leading market position, sustainable competitive advantage, ability to grow revenues, earnings & free cash flow and high quality management teams with enterprise values ranging from $100 million to $1 billion or more. They targets companies operating in the fields of logistics, specialty distribution, business services, advanced manufacturing, aerospace & defense, rail, passenger/commercial vehicle, vehicle aftermarket support, transportation. They provides financing for leveraged buyouts, recapitalizations, corporate joint ventures, privatizations, MBOs and growth capital requirements with an investment size ranging from $75 - $150 million. It also makes co-investments.

Suppliers
Ocean Yield ASA Holding Companies | Lysaker, Norway

Ocean Yield ASA engages in the investment, acquisition, sale, and leasing of marine installations. It operates through the following segments: Floating Production Storage and Offloading (FPSO), Other Oil Service, Car Carriers, Container Vessels, Tankers, Other Shipping, and Other. The FPSO segment invests in floating production, storage, and offloading vessels. The Other Oil Service segment consists of subsea construction vessels, cable lay vessels, and anchor handling tug supply vessels (AHTS). The Car Carriers segment offers pure car truck carriers (PCTC). The Container Vessels segment includes the equity investment in mega container vessels. The Tankers segment deals with investments in chemical, product, and crude tankers. The Other Shipping segment includes investments within chemical and product tankers. The Other segment refers to any other investments made by the group. The company was founded in March 2012 and is headquartered in Lysaker, Norway.

Anglo-Eastern Group Other Business & Consulting Services | Hong Kong, Hong Kong

Anglo-Eastern Group provides ship management and crew management services. It offers technical management, crew management, education and training of seafarers, newbuilding consultancy and other services to owners of almost all cargo and offshore vessel types. The firm also provides consultancy and project management services to clients planning newbuildings, conversions and other special projects. The company was founded in 2015 and is headquartered in Hong Kong.

Thome Ship Management Pte Ltd. Management Consulting | Singapore, Singapore

Thome Ship Management Pte Ltd. provides integrated ship management services to the international shipping and offshore industries. The firm offers offshore management, crewing, marine consultancy, and corporate services. The company was founded on February 5, 1976 and is headquartered in Singapore.

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