Former Silgan CEO joins True North Capital Advisors
STAMFORD — True North Capital Advisors, a Stamford-based mergersand-acquisitions advisory firm, announced Monday that Tony Allott, the executive chairman and former CEO of packaging-manufacturer Silgan Holdings, will join the company as a senior adviser.
Allott arrives at True North after a 15-year run as chief executive officer of Stamford-based Silgan, the No. 530 company on this year’s Fortune 1,000 list. During his time at Silgan, which ended Sept. 1, he oversaw the completion of more than 20 acquisitions which fueled the growth of a company that last year produced about $5 billion in sales.
In his new role, Allott will only be involved with clients that do not compete with Silgan, according to True North officials.
“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,” Allott said in a statement.
Before his time at Silgan, Allott served as senior vice president and chief financial officer of Applied Extrusion Technologies, or AET, a manufacturer of flexible packaging. He also served as corporate controller and director of financial reporting of Ground Round Restaurants. He started his career as a certified public accountant with professional-services firm Deloitte.
“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,” True North founder Pat McDonough said in a statement. “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.”
True North represents “select corporate issuer firms with advice on all strategic matters,” including acquisitions, mergers, sales, divestitures, spinoffs, restructurings and recapitalizations.
Founded in 2016, the firm has five employees. It is subleasing office space in the downtown, at 4 Landmark Square.
Meanwhile, in his role as Silgan chairman, Allott is working alongside new CEO Adam Greenlee, who is the third chief executive at the company since its 1987 founding.
Silgan’s primary lines of business are dispensing and specialty closures, metal containers and custom containers.
About 15,600 employees worked for the company as of June, according to its profile page on fortune.com. Its main offices are at 4 Landmark Square.