HALIFAX, March 26, 2012 /CNW/ - SeaFort Capital Inc. ("SeaFort" or the "Company") announced today it has been established as a new investment company based in Atlantic Canada. SeaFort will seek to make controlling investments in Canadian businesses built from a solid base of tangible assets, initially with earnings in the $2 million to $10 million range.
SeaFort was formed by a small group of private investors that includes leaders from two of Canada's most respected business families. Serving on the Board of Directors will be: Hon. Scott Brison, M.P. (Chairman), Scott McCain, Michael Milligan, Rob Normandeau, Donald Sobey and Rob Sobey.
Rob Normandeau, President of SeaFort, commented "I am very excited to have the opportunity to lead a business formed in partnership with pre-eminent Canadian investors and business operators. My next step is to build a top tier investment team that will uncover opportunities in our targeted space, make intelligent investments and work with proven managers to deliver solid returns."
Scott Brison, Chairman of the Company, remarked "Brain drain has been a real economic challenge for our region. I'm proud that SeaFort has helped keep a financial mind and business builder of Rob's calibre here in Atlantic Canada. As SeaFort grows, it will become a magnet for world class talent. That's good for business and great for Atlantic Canada."
Donald Sobey indicated "I'm pleased to be part of this new firm based in Halifax. Nova Scotia has been home to many successful entrepreneurs and companies. I am confident that SeaFort under the management of Rob Normandeau and his team will be in this class."
Rob Sobey stated "I see SeaFort as a multi-generational opportunity to build great companies and invest in strong entrepreneurs here and across Canada".
Scott McCain added "Business in Atlantic Canada has always been based on strong relationships and fair dealing. These Maritime values will be an advantage to SeaFort and its portfolio companies throughout Canada. Rob is a hardworking, proven leader who is capable of establishing a culture that will drive SeaFort to long term success."
Halifax based SeaFort Capital makes controlling investments in small and medium sized Canadian businesses and partners with experienced managers to build value.
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