Long-term ownership
for mission-critical businesses

We acquire and hold owner-led businesses in defence, security, and technical services, operating them independently and investing in them for the long term.

You have built something that matters.
The question is what happens to it next.

Most owner-led businesses never find the right successor. Financial buyers exit in five years. Strategic buyers absorb and integrate. Accendev holds for the long term, operates independently, and invests in businesses with no exit in mind.

How we are different

What permanent capital means in practice

No exit timeline

No fund lifecycle. No LP pressure. We hold businesses for as long as it takes to make them better, which is to say, indefinitely.

Independent operations

Your business keeps its name, its people, and its culture. We are owners, not operators. Engaged at the governance level. Respectful of operating autonomy.

Long-term stewardship

Over time, each business Accendev acquires will benefit from shared governance, selective resources, and patient capital that compounds over years, not quarters.

Adam Kerdani, Founding Principal of Accendev Partners
Founding Principal

Adam Kerdani, CD, MBA

Adam Kerdani is the Founding Principal of Accendev Partners, where he pursues the long-term acquisition and stewardship of mission-critical businesses.

Before and between his military service, he built a foundation in capital markets, corporate finance, and investment banking. He holds an MBA from HEC Montréal with Great Distinction and executive certificates from Oxford Saïd and NYU Stern.

A former senior officer in the Canadian Armed Forces, he served fifteen years as a Naval Warfare Officer and then as an Intelligence Officer, including a complex multinational deployment recognized with the Chief of the Defence Staff Commendation. That experience shaped how he thinks about ownership, risk, and long-term decision-making. He grew up across Canada, Saudi Arabia, and Egypt, and speaks English, French, Arabic, and Italian.

MBA · HEC Montréal Oxford Saïd NYU Stern CDS Commendation CD
Acquisition criteria

What we look for

We are selective. Here is what a strong fit looks like.

Company characteristics
  • Revenue of $2M to $25M
  • EBITDA of $500K or more
  • Five or more employees with established operations
  • Mission-critical client relationships (government, institutional, or industrial)
  • Recurring or contractual revenue
Sector focus
  • Defence, security, and technical services
  • Dual-use technology with mission-critical applications
  • Adjacent sectors where client criticality is high
What we value in a seller
  • A founder thinking carefully about what comes next for their business and their people
  • Someone who wants a long-term owner, not a financial buyer
Geography
  • Canada-based businesses (primary)
  • Other geographies evaluated on a case-by-case basis
Investment structure
  • Majority ownership preferred, with management retained as a meaningful co-owner
  • Minority ownership possible in select situations

We care more about genuine fit than any individual threshold. Not every business is the right fit for Accendev, and not every owner is looking for the same outcome. The goal of a first conversation is simply to understand whether there is real alignment.

The first step is a simple conversation

Every conversation is private. An NDA is available before any details are shared.