Houlihan Lokey Advises Canadian Orthodontic Partners

Houlihan Lokey is pleased to announce the recapitalization of Canadian Orthodontic Partners (COP), a portfolio company of Sheridan Capital Partners (Sheridan), by Pamlico Capital (Pamlico). The transaction closed on March 19, 2021.

Headquartered in Toronto and with a presence in eight provinces, COP is the largest orthodontics-focused specialty dental support organization (SDSO) in Canada and actively serves more than 30,000 patients across over 60 clinics. COP helps its national network of community-based clinics to deliver personalized orthodontic treatment—one beautiful smile at a time. By supporting the non-clinical administrative functions of each practice, COP empowers and encourages its clinic teams and doctors to focus their efforts on elevating patient care. COP provides each clinic with tools for growth, opportunities for professional development, and access to a network of highly skilled colleagues. Orthodontist-founded and -led, the organization's values are rooted in providing superior patient care and treatment outcomes.

Sheridan Capital Partners is a Chicago-based healthcare private equity firm that focuses on lower middle-market buyouts and growth equity in the U.S. and Canada. Sheridan partners with companies in the verticals of providers and provider services, healthcare IT and outsourced services, and consumer health and medical products, bringing strategic resources to accelerate growth, build enduring value, and achieve strong results.

Pamlico Capital is a private equity firm founded in 1988 that primarily invests in growing middle-market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $150 million alongside founders and proven management teams in its target industries: business and technology services, communications, and healthcare. Since inception, the firm, based in Charlotte, North Carolina, has invested approximately $4 billion.

This transaction further strengthens Houlihan Lokey’s leadership position in the dental space, having advised on 27 closed transactions in the sector since 2016. Houlihan Lokey’s Healthcare Group is among the largest dedicated healthcare investment banking groups in the country. In 2020, the group closed 22 transactions and was ranked the No. 1 M&A advisor for U.S. healthcare transactions under $1 billion by Refinitiv.

Houlihan Lokey served as the exclusive financial advisor to COP and assisted in initiating, structuring, and negotiating the transaction on its behalf.