True North Capital Advisors Welcomes Tony Allott as Senior Advisor

Rhea-AI Summary

On September 20, 2021, TN Capital Advisors announced the appointment of Tony Allott as Senior Advisor. Allott, who previously served as Chairman and CEO of Silgan Holdings Inc. (SLGN), brings over 16 years of experience in the packaging industry, successfully managing numerous acquisitions that enhanced Silgan's global market position. Allott's expertise in strategic planning and execution will bolster True North's advisory services, providing valuable insights into business transactions. His addition aims to strengthen the firm's capabilities in offering differentiated counsel to corporate clients.

Positive

• Tony Allott's extensive experience in managing over 20 acquisitions at Silgan enhances True North's advisory capabilities.
• Allott's operational perspective will strengthen support for clients navigating business transactions.

Negative

• None.

STAMFORD, Conn., Sept. 20, 2021 /PRNewswire/ -- TN Capital Advisors ("True North"), a mergers & acquisitions advisory boutique, today announced that Tony Allott will join as Senior Advisor.

Allott, who serves as Chairman of the Board at Silgan Holdings Inc. (NASDAQ: SLGN), and was the company's Chief Executive Officer until September 1, has had a distinguished career over 16 years managing a global manufacturer of sustainable rigid packaging and dispensing solutions. During his time at Silgan Holdings, he oversaw the completion of more than 20 acquisitions, significantly diversifying its businesses and becoming a global market leader.

During Allott's tenure, Silgan executed a strategy of diversifying its geographic footprint and expanding its product range and growth opportunities. His experience in merging teams, working with Boards and investors, integrating acquisitions and witnessing both successes and failures, provides him with a unique operational perspective from which he can provide counsel to management teams not only in the strategic planning and execution phases of the transaction process, but also in the integration process.

Pat McDonough, Founder of True North, said, "We are thrilled to welcome Tony aboard. He offers a unique perspective on the challenges and opportunities of major business transactions, which will serve as a valuable resource to our corporate clients. His addition significantly strengthens True North's mission of providing objective, seasoned, and differentiated advice for any and all strategic considerations that are important to the directors and officers we serve."

Mr. Allott commented, "I have always been impressed with the level of experienced advice and support provided by True North, and believe this combination with practical operational and implementation capability will make our client offering truly unique."

Prior Silgan, Mr. Allott was Senior Vice President and Chief Financial Officer of Applied Extrusion Technologies, Inc., or AET, a manufacturer of flexible packaging. He also served as Corporate Controller and Director of Financial Reporting of Ground Round Restaurants. He began his professional career as a certified public accountant with Deloitte.

About True North

True North benefits from the 30+ years of mergers and acquisitions experiences of its founder, Pat McDonough, and the operational and transaction integration experience of senior advisor Tony Allott.  The firm represents select corporate issuer firms with advice on all strategic matters, including acquisitions, mergers, sales, divestitures, spin-offs, restructurings, and recapitalizations. True North was founded on providing clients best in class creative and innovative thought around transaction ideas and transaction structures, outstanding analytics and presentation of those complicated analytics in a clear way. For additional information, please visit https://www.tncapitaladvisors.com. 

Media Contacts:
Nick Rust
Prosek Partners
(646) 818-9252
nrust@prosek.com

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SOURCE TN Capital Advisors

FAQ

Who is Tony Allott and what is his role related to SLGN?

Tony Allott is the former CEO and current Chairman of the Board at Silgan Holdings Inc. (SLGN) and has joined TN Capital Advisors as Senior Advisor.

What experience does Tony Allott bring to TN Capital Advisors?

Tony Allott brings over 16 years of experience in mergers and acquisitions from his tenure at Silgan Holdings, where he managed numerous acquisitions and diversified the company's operations.

When did Tony Allott join TN Capital Advisors?

Tony Allott joined TN Capital Advisors on September 20, 2021.

What is the significance of Tony Allott's appointment for SLGN?

Allott's appointment can indirectly benefit SLGN by enhancing advisory capabilities for future strategic transactions and partnerships.