Canadian Dental Labs companions with Hallmark Dental, expanding footprint into Atlantic Canada

CALGARY, AB, July 11, 2023 /CNW/ – Corpus Partners, via its Canadian Dental Laboratories Minimal Partnership (“Canadian Dental Labs”), is delighted to announce the closing of the acquisition of a important fascination in Hallmark Dental Laboratory (“Hallmark”). Launched in 1981 and based mostly in Halifax, Hallmark is the largest dental laboratory in Atlantic Canada serving >500 dentists with a long-standing status of specialized management, consumer service and schooling. Hallmark gives Canadian Dental Labs with a major sector situation in its third significant Canadian marketplace, alongside Protec Dental (British Columbia) and Shaw Lab Group (Ontario) and represents a critical milestone in the journey in direction of setting up a Canada wide, premium dental laboratory system.

For growth oriented, premium dental laboratories, Corpus Companions believes the transaction even more solidifies Canadian Dental Labs as a lover of selection.

For buyers, Corpus Associates thinks that Canadian Dental Labs delivers a pure-participate in publicity to non-cyclical after-inflation development (2.4% (1) pa pushed by inelastic, resilient, and decrease volatility operating results and inflationary hedging abilities), populace progress, ageing demographics, engineering progress and fragmentation drivers. Corpus Partners thinks the consequence will continue to be reliable core earnings plus the prospect to produce resilient, lower volatility advancement and money appreciation.  BMO Cash Associates (“BMOCP”) was an early co-trader and supporter of the thesis. 

Transaction Commentary:

“We are very fired up to be becoming a member of Canadian Dental Labs.  As Atlantic Canada’s marketplace leader, Hallmark Dental recognized that Canadian Dental Labs was the perfect strategic lover to offer the chance to not only go on but develop on our existing legacy of superb buyer provider, constant improvement, and technological know-how leaders for the previous 42 decades. We come to feel a sturdy alignment with Canadian Dental Labs commitment to innovation, superior-high quality products and expert services and a people very first culture.  It is definitely an honour to have Shaw and Protec as associates with Hallmark below the Canadian Dental Labs umbrella. This partnership can help solidify Canadian Dental Labs as Canada’s major dental lab team and we are really energized for the value it will incorporate for our consumers and individuals. The complete management workforce and I are enthusiastic for the future stage of the enterprise, and a ongoing development path for the upcoming” Christian Corridor, President & CEO of Hallmark.

“I am thrilled to husband or wife with Hallmark, as their society, geographical spot, outstanding customer company, and sturdy name align seamlessly with our mission, eyesight, and values. Collaborating with Christian Corridor and the extraordinary Hallmark workforce fills me with genuine pleasure. With each other, we are poised to make a profound effect in our industry.”, Ali Rezaei, President & CEO, Canadian Dental Labs.

“Considering the fact that the inception of Canadian Dental Labs, we have evaluated several growth possibilities, but couple exist like Hallmark that supply the scale and regional current market share we covet merged with a constant determination to technologies, lifestyle and training that are key differentiating pillars of Canadian Dental Labs. As we total the integration of the Hallmark group into Canadian Dental Labs, we go on to actively seek very similar partnership chances in main marketplaces to increase further depth and breath to Canada’s top high quality dental laboratory platform”, Chad Dundas – SVP M&A and Money Marketplaces, Corpus Associates.

“We are happy to partner with the workforce at Equicapita to provide strategic advisory companies and financial aid across its specific, expense verticals. As a financial institution to the Equicapita system for around a decade, we are psyched to see the potential advancement underneath this new system. Their demonstrated keep track of file and expansion trajectory stand for a compelling possibility for ATB Economical to support a major Alberta based mostly alternative investment administration firm”, Trina Holland, Affiliate Vice President, Diversified Industries & Strength Expert services, ATB Economical.

Canadian Dental Labs at a Glance:

  • Management: Ali Rezaei, President & CEO
  • Workers: > 450
  • Dental industry experts served: > 4,500
  • Western Canada Operations: Protec Dental (Vancouver)
  • Ontario Functions: Shaw Lab Group (Toronto, London, Kingston, and Ottawa)
  • Atlantic Canada Functions: Hallmark Dental (Halifax, NS and St. John’s, NL)
  • Banking Lover: ATB Money
  • Financial commitment Associate: BMO Capital Companions
  • Web site: https://canadiandentallabs.ca/

About Corpus Companions: Corpus Companions is the healthcare operating team of Equicapita an SME roll-up fund released in 2013.  Equicapita focusses on 3 market verticals and has an AUM of over $300M:

           i.

Healthcare (Corpus Companions).

         ii.

Royalties (Averine Companions) and

        iii.

Gentle industrial (Perceptos Partners).


About BMOCP:
 
BMOCP is a personal equity arm of Bank of Montreal specializing in junior funds, mezzanine financing, subordinated credit card debt, and fairness cash in mid-industry providers. The organization invests in buyouts, administration buyouts, leveraged buyout, minority buyout, administration get-ins, restructurings, joint enterprise and strategic alliances, enlargement cash, funds expenses, advancement capital, recapitalizations, and go-non-public transactions.

About ATB Financial: With $57.5 billion in assets, ATB Economic is a primary money establishment that begun in Alberta with the aim of putting people very first. Our success will come from our much more than 5,000 crew customers who like to supply exceptional encounters to nearly 800,000 consumers throughout our Private and Organization Banking, ATB Wealth Administration and ATB Cash Markets firms. ATB supplies professional tips, solutions and products by way of our many branches and agencies, our 24-hour Consumer Treatment Centre, 4 entrepreneur centres and our electronic banking selections. ATB powers prospects for our purchasers, communities and beyond.

Ahead-seeking information

This information release may perhaps incorporate particular facts that is ahead-on the lookout, and, by its mother nature, these kinds of forward-on the lookout information is issue to important risks and uncertainties. The words and phrases “foresee,” “assume,” “could,” “should,” “venture,” “will” or other equivalent phrases are made use of to determine these kinds of ahead-hunting info. People ahead-looking statements herein created replicate Canadian Dental Labs’ beliefs and assumptions based mostly on data available at the time the statements ended up manufactured. Actual effects or functions could vary from those people anticipated or predicted in these ahead-looking statements, and the variances might be materials. Things which could bring about actual effects or situations to vary materially from present-day expectations involve, but are not limited to: dangers linked with the ownership and operation of businesses fluctuations in curiosity rates financing and financial debt specifications work retention general economic circumstances provide and desire for enterprises levels of competition for offered companies litigation and authorized issues improvements in laws and the regulatory setting worldwide trade and worldwide political ailments the impacts of the COVID-19 pandemic and stability threats to our bodily property and IT techniques. Audience are cautioned not to location undue reliance on any forward-searching data contained in this news release. The ahead-hunting statements contained in this press launch are produced as of the day hereof and Canadian Dental Labs undertake no obligation to update publicly or revise any forward-looking statements or info, irrespective of whether as a final result of new details, foreseeable future gatherings or in any other case, except so needed by applicable securities rules.

Source Corpus Companions

For further more information and facts: Chad Dundas, SVP M&A and Money Marketplaces, Tel: 403-990-8480, E-mail: [email protected]