Toronto, Ontario--(Newsfile Corp. - September 27, 2024) - Lorne Park Capital Partners Inc. (TSXV: LPC) ("Lorne Park" or the "Company") is pleased to announce it has ranked No. 408 on the 2024 Report on Business magazine's ranking of Canada's Top Growing Companies.
Canada's Top Growing Companies ranks Canadian companies on three-year revenue growth. Lorne Park earned its spot with a three-year growth of 57%.
The Company, through its wholly-owned subsidiaries, Bellwether Investment Management Inc. and Bellwether Investment Management USA, LLC (collectively "Bellwether"), has methodically executed its growth strategy for the last decade, developing a track record of successfully integrating and growing wealth management businesses. By partnering with like-minded portfolio managers and family wealth advisors, Bellwether has built a robust offering that provides clients with a range of cost-effective public and private market investment solutions across its North American Wealth Management platform. Bellwether continues to build an extensive network of advisors that serve the needs of affluent families in many major centers across Canada and the United States.
Over the previous two years, the Company completed the acquisition of Promus Asset Management, LLC and Fulcrum Equity Management, LLC. Both Fulcrum and Promus are Texas limited liability companies registered with the Securities and Exchange Commission as investment advisors. These acquisitions have provided the Company with a footprint to expand its service offerings into the USA.
"We have built a business that combines the best of both the discretionary investment management and wealth advisory worlds. Our partners benefit from the scale of a national platform allowing them to better serve their clients domestic and cross-border needs by focusing on what they do best, providing unbiased financial planning. Our clients benefit by being served by a team of experts in financial planning and investment management and due to our size, have access to leading investment solutions provided at a reasonable cost." - Robert Sewell, President and CEO
Canada's Top Growing Companies is an editorial ranking that was launched in 2019 to celebrate the achievements of innovative businesses in Canada. To qualify for this voluntary program, companies had to complete an in-depth application process and fulfill revenue requirements. In total, 416 companies earned a spot on this year's ranking.
The full list of 2024 winners along with editorial coverage is published in the October issue of Report on Business magazine.
"Our annual ranking of Canada's Top Growing Companies reflects the sector-spanning ingenuity of this country's entrepreneurs and corporate leaders," says Dawn Calleja, Editor of Report on Business magazine. "And we think it's important to tell their stories, to help inspire the next generation of up-and-comers across the country."
"The Globe and Mail congratulates this year's Canada's Top Growing Companies' winners for achieving exceptional growth and resilience in facing business challenges," says Andrew Saunders, CEO of The Globe and Mail. "It is a testament to dedication, strategic vision, and innovative drive."
About The Globe and Mail
The Globe and Mail is Canada's foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 6.2 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.9 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
About Lorne Park Capital Partners Inc.
Lorne Park was created to bring together boutique investment management and wealth advisory firms in order to deliver robust, cost-effective investment solutions to affluent investors, foundations, estates and trusts. Lorne Park's unique strategy creates better alignment between investment managers and wealth advisors while providing them with additional resources to accelerate their growth.
About Bellwether Investment Management Inc. and Bellwether Investment Management USA, LLC
Bellwether is a boutique investment manager that offers tailored investment solutions for affluent investors, foundations, estates and trusts utilizing its proprietary "Disciplined Dividend Growth" Investment Process. Bellwether provides discretionary investment management focused on global dividend growth investing and is dedicated to serving the distinct needs of affluent families. Bellwether's suite of investment solutions includes global equity and fixed income strategies as well as alternative strategies focused on private credit and global real estate and infrastructure. Bellwether Investment Management Inc. is registered as a portfolio manager in Alberta, British Columbia, Manitoba, Nova Scotia, Ontario, Quebec and Saskatchewan, an exempt market dealer in Alberta, Ontario and Quebec, and an investment fund manager in Ontario and Quebec.
For further information, please contact:
Robert Sewell
Chief Executive Officer
Lorne Park Capital Partners Inc.
investor.relations@lpcp.ca
(905) 337-2227
Cautionary Notes
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", "plan", and other similar expressions. Forward-looking information in this news release includes, without limitation, Lorne Park's objectives, goals and future plans. Forward-looking information addresses possible future events, conditions and financial performance based upon management's current expectations, estimates, projections and assumptions. In particular, the forward-looking information contained in this news release reflects assumptions about the timing and results of the amalgamation and regulatory approvals. Management of Lorne Park considers the assumptions on which the forward-looking information contained herein are based to be reasonable. However, by its very nature, forward-looking information inherently involves known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such information. Such risks include, without limitation, changes in economic conditions, applicable laws or regulations. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. Lorne Park disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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