Overview Investment Criteria Team For Owners News Investments Contact
banner
 

News

 

Auxo Related Articles

 

Stealth Monitoring Announced Equity Investment from Twin Point Capital
PR Newswire, Sept 23, 2019

DALLAS, TX and TORONTO, ON, Sept. 23, 2019 – Stealth Monitoring announced that Twin Point Capital LLC has made a significant equity investment in the company. Auxo Management LP will retain a substantial ownership in the company. The investment will enable the company to expand its business through organic growth and strategic acquisitions.

Read the full story on stealthmonitoring.com

 

Canada’s Top 40 Under 40® 2019 Honourees Announced
CISION News, Jun 26, 2019

TORONTO, June 26, 2019 /CNW/ - Canada's Top 40 Under 40® announced the 2019 recipients today in National Post and on BNN Bloomberg with Founding Partner Caldwell (TSX: CWL), and Presenting Partner MNP. Additional partners supporting the program are National Partner Gluskin Sheff + Associates Inc., Travel Partner WestJet, Research Partner Caliper; Gala Partner ergoCentric Seating Systems; with fact checking and verification done by Inline Reference Check.

Robert Cherun, Chief Executive Officer - Stealth Monitoring was included in this list of honourees.

Read the full story in CISION

 

Stanford B-School's Grittiest Winner: An Update
Forbes.com, November 08, 2016

Rob Cherun's adventures began with a life-changing course at Stanford Business School: Strategy 543: Entrepreneurial Acquisition. Shortly after completing that class, Cherun and a long-time friend, Erik Mikkelsen, bought UCIT Online, a video-security company in Mississauga, Ontario. Their company’s security-monitoring business has been averaging 26% annual revenue growth since 2011, Cherun said in an email. Revenue this year is running 80% above the pace at the time of the original magazine profile in 2013.

Read the full story on Forbes.com

 

Auxo Management Supercharges Portfolio Company by Closing Strategic U.S. Investment
Partnership Creates North American Video Surveillance Conglomerate
CISION PR Newswire, Tuesday, November 8, 2016

TORONTO, Nov. 8, 2016 /PRNewswire/ -- Auxo Management LP ("Auxo"), a privately-held investment firm led by Robert Cherun and Erik Mikkelsen, announced today that it has closed on an investment in Stealth Monitoring Inc. ("Stealth").

Read the full story in CISION

 

Auxo Management Supercharges Portfolio Company by Closing Strategic U.S. Investment
Auxo Management, Monday, November 07, 2016

Partnership Creates North American Video Surveillance Conglomerate
November 08, 2016, Toronto, ON – Auxo Management LP (“Auxo”), a privately-held investment firm led by Robert Cherun and Erik Mikkelsen, announced today that it has closed on an investment in Stealth Monitoring Inc. (“Stealth”). Stealth is a Dallas-based video surveillance business focused on designing, installing and providing pro-active remote video monitoring solutions to multi-family residential, commercial and industrial businesses across the United States.

Read the full PDF

 

First Canadian Search Fund Liquidity Event
Auxo Management Completes Minority Recapitalization with New York Private Equity Fund
Market Wired, Friday, July 4, 2014

TORONTO, ONTARIO--(Marketwired - July 4, 2014) - Auxo Management LP ("Auxo"), a privately-held investment firm led by Robert Cherun and Erik Mikkelsen, announced today that it has completed a minority equity recapitalization of their portfolio company UCIT Online Security ("UCIT"), pronounced "you-see-it" (www.ucitonline.com).

 

In the recapitalization, Auxo has brought in Egis Capital Partners ("Egis"), a New York mid-market private equity fund led by Bill Polk and Robert Chefitz focused on late-stage growth investments in the Security & Homeland Defense sectors. Egis has invested in several security companies including Alarm.com, FreightWatch, and Westec.

Read the full story in Market Wired

 

Auxo search fund snags first deal
The Globe and Mail, Thursday, April 14, 2011

Toronto-based search fund Auxo Management has tied the knot on its first relationship.

Unlike private equity funds that invest in companies and then manage or oversee them from afar, Auxo's managers Rob Cherun and Erik Mikkelsen set out last September in search of a company that they could get their hands dirty in.

Read the full story in The Globe and Mail

 

Toronto Entrepreneur Partners with Private Investment Firm
Auxo Management Closes First Deal with Investment in Canadian Profit 100 Company


April 12, 2011, Toronto, ON – Auxo Management LP (“Auxo”), a privately-held investment firm led by Robert Cherun and Erik Mikkelsen, announced today that it has closed on its first deal: an investment in UCIT Online Security (“UCIT”), pronounced “you-see-it” (www.ucitonline.com). UCIT is a Toronto-based security business focused on providing 24-hour live video monitoring as a more affordable and effective substitute or supplement to security guards. The company also sells and installs security equipment and provides security software through its fully-owned subsidiary Detexi (www.detexi.com).

 

UCIT was founded in 2003 by Sidney Sommer, a local Toronto raised man who was the recipient of BDC Ontario’s Young Entrepreneur award in 2008. Sidney launched the company out of his mother’s basement in 2003 and has since grown the business to over 50 employees. In 2009 UCIT was listed as #19 on the Canadian Profit 100 List of fastest growing companies. UCIT currently has offices in the Greater Toronto Area and Ottawa that service clients across North American and parts of Europe.
Read the full story on Auxo Management

Read the full story on Marketwire.com

 

Young investors on the takeover trail
The Globe and Mail, Tuesday, December 14, 2010
To play in Canada’s fractured private equity market, investors must go head-to-head with huge established funds for big businesses, or battle venture-capital players for small but promising startups. But there’s an untapped middle ground, one that a different breed of investment fund is designed to access. So-called “search funds” seek out flourishing, small-to-medium-sized enterprises that want to sell but can’t find buyers. And thanks to a growing wave of retirements by baby boomer entrepreneurs, the number of these firms is growing. These enterprises are too small to attract attention from big players like the Canada Pension Plan Investment Board, and too big to interest venture capitalists, but they can be attractive investments that boast reliable cash flow coupled with lower risk. “The level of risk, I think, is substantially reduced compared to the venture capital market” because the businesses are established, said Paul Rogers, a former president at CIBC World Markets in New York, who recently invested in one of the newest entrants in the search-fund market, Toronto-based Auxo Management. Auxo was started this year by Canadians Rob Cherun and Erik Mikkelsen.
Read the full story

 

New search fund rolls dice in Canada
The Globe and Mail, Tuesday, December 14, 2010
Rob Cherun and Erik Mikkelsen were already living their dream, working in investment banking, management consulting and real estate private equity out of New York, Toronto and Los Angeles. But that wasn’t enough for Mr. Cherun, who enrolled in his MBA at Stanford’s Graduate School of Business in 2008. There he met professor Joel Peterson, founder of private equity firm Peterson Partners and current chairman of JetBlue Airways Corp. Mr. Cherun took Mr. Peterson’s class and prepared a report on the value of investing in Canada. The document was compelling, noting that Canada has the world’s second-largest oil reserves, large timber reserves, a strong dollar, and low debt-to-GDP. More important for private equity investors, he found that Canada has about a quarter of the money chasing smaller companies than in the U.S., on a per-capita basis.
Read the full story

 

Young Entrepreneurs Return to Canada Backed by Top Tier Investors
Press Release, Friday, November 26, 2010
Toronto, ON – Auxo Management LP (“Auxo”), a privately-held investment firm led by Robert Cherun and Erik Mikkelsen, announced today that it has begun its search for acquisition targets. Auxo is an entrepreneurial firm, located in Toronto’s MaRS Discovery District, seeking to acquire and actively manage small to medium-sized businesses. They will make controlling investments in stable, profitable companies with annual revenues of $10 to $50 million and cash flows of $2 to $8 million. Following the acquisition, the partners will take an on-site, day-to-day leadership role within the companies to grow revenues and streamline operations.

Read the full story