Sheridan Capital Partners acquires Canadian Orthodontic Partners

Sheridan Capital Partners, a Chicago-based lower middle-market private equity firm, has officially announced investment in Canadian Orthodontic Partners (COP). The transaction closed in November 2016. Financial terms were not disclosed.

Backed by a family office, Sheridan Capital Partners currently is investing a US $300 million second fund, target investments between US $10 and US $50 million in equity.

Toronto based Canadian Orthodontic Partners provides management services to orthodontic practices throughout Canada. The company’s back-office support enables orthodontists to focus on delivering the highest levels of patient care and provides a wide array of financing options to support treatment for patients.

“COP has been tremendously successful in growing and bringing the highest level of orthodontic care to patients across Canada, and we believe we can help accelerate that success,” said Jonathan Lewis, Partner of Sheridan Capital Partners.

“This is another investment within our consumer/retail healthcare thesis, and we are excited to have the opportunity to partner with Mike Black, Dr. John McManaman and the entire management team,” added Sean Dempsey, Managing Director of Sheridan.

“Teaming up with Sheridan was an easy choice for us. The Sheridan team’s depth of experience in consumer healthcare, as well as their success growing Smile Doctors as an orthodontics-focused SDSO in the U.S. market, made the team ideal partners for the next stage of COP’s growth,” said Mike Black, CEO of Canadian Orthodontic Partners.

“Our partnership with Sheridan gives us access to a team with best-in-class resources to accelerate COP’s growth in orthodontic practice management in Canada. Sheridan shares our commitment to excellence in the clinic as well as our vision for sustained growth in our core provinces and beyond,” said Dr. John McManaman, Chief Orthodontic Officer.

Private Capital Directory: Sheridan Capital Partners

photo credit: oswaldoruiz via pixabay

Ted Liu

Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal and CanadaMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, the most sophisticated and advanced all private capital and public market financing database.