Conestoga Capital Advisors Announces Succession Plans for Small Cap Growth Strategy

WAYNE, Pa., March 20, 2025 /PRNewswire/ -- Conestoga Capital Advisors, LLC has announced succession plans for its flagship Small Cap Growth strategy. At the end of 2025, Derek Johnston, Partner/Portfolio Manager, will succeed Joe Monahan as Co-Portfolio Manager for Conestoga's Small Cap Growth strategy. Joe Monahan will continue to serve as Co-Portfolio Manager for Conestoga's Micro Cap Growth strategy and as an analyst supporting the firm's strategies until his retirement in late 2026.

Bob Mitchell, Co-Founder and Managing Partner/Portfolio Manager, stated, "The transition in portfolio management responsibilities from Joe Monahan to Derek Johnston will be a seamless one for Conestoga and our clients. I have co-managed Conestoga's SMid Cap Growth strategy with Derek since 2016 and I look forward to managing the Small Cap Growth strategy with Derek in the years ahead." With respect to Joe Monahan's retirement, Bob added, "We are all grateful for the significant contributions Joe has made to the success of Conestoga."

Derek joined Conestoga in 2015, was named Co-Portfolio Manager for the SMid Cap Growth strategy in 2016 and became a partner in 2018. Derek has played a key role in growing the firm's SMid Cap Growth total assets from less than $100 million to nearly $2 billion. Along with his promotion to Co-Portfolio Manager for the Small Cap Growth strategy, Derek is also being elevated to a Managing Partner of Conestoga Capital Advisors, LLC. Derek's investment experience spans 29 years, which includes his experience prior to joining Conestoga at 300 North Capital, Engemann Asset Management and Banc of America Securities. He has a Bachelor of Science degree from Boston College and a Master of Business Administration degree from the Marshall School of Business at the University of Southern California. Derek earned the right to use the Chartered Financial Analyst^® designation in 2003.

Derek added, "It's been a rewarding experience working at Conestoga for nearly ten years. We have a great culture, and we are all firmly committed to our investment discipline and serving our clients. I am excited to expand my responsibilities within the firm and to continue the high-quality conservative approach of our Small Cap Growth strategy."

Joe Monahan joined Conestoga in 2008 and has served as Co-Portfolio Manager of the Small Cap Growth strategy and Director of Research since the beginning of 2014. Joe's contributions to the firm have been significant and he played a key role in growing the firm's assets under management from less than $1 billion to over $8 billion today.

David Neiderer, Partner/Portfolio Manager, will assume Joe's role as a Director of Research and will also be elevated to a Managing Partner of Conestoga Capital Advisors, LLC. David joined Conestoga in 2013 and became a partner in 2018. David will also continue to serve as Co-Portfolio Manager for the firm's Micro Cap Growth strategy. David earned his Bachelor of Science degree in Economics and Accounting from the University of Richmond and a Master of Business Administration from The Wharton School at the University of Pennsylvania. He is a CFA Charterholder^® and also a Certified Public Accountant.
"David has been an instrumental contributor to our research team and the performance of our investment strategies since joining the firm in 2013. We are confident that his leadership and oversight of the firm's research process will enhance our capabilities," said Bob Mitchell.

About Conestoga Capital Advisors, LLC

Headquartered in Wayne, Pennsylvania, Conestoga Capital Advisors, an independent investment advisory firm, manages over $8 billion in Small-, SMid-, Micro-, and Mid Cap Growth company portfolios for both institutional and individual investors as of December 31, 2024. Since its founding in 2001, Conestoga has offered investment management services focused on high quality, conservative growth companies. The firm strives for capital appreciation through their consistently applied investment discipline, fundamental research and a patient, long-term approach.

This press release is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.

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SOURCE Conestoga Capital Advisors, LLC