On March 22, 2021, FAX Capital Corp. (TSX: FXC and FXC.WT), through its wholly owned subsidiary, completed its $11.75 million acquisition of 78.33% controlling interest in Carson, Dunlop & Associates Ltd., a leading provider of proprietary technology-enabled education services and software for home inspectors across Canada and the United States, as well as a leading provider of home inspections services in the Greater Toronto Area.
FAX is an investment holding company with a business objective to maximize its intrinsic value on a per share basis over the long-term by seeking to achieve superior investment performance commensurate with reasonable risk. The Company intends to invest in equity, debt and/or hybrid securities of high-quality businesses. Carson Dunlop represents FAX’s inaugural private company investment and a foundational asset of FAX’s new platform company focused on property technology & services. FAX initially intends to invest in approximately 10 to 15 high-quality small cap public and private businesses located primarily in Canada and, to a lesser extent, the United States.
Cassels represented FAX with a team that included Frank Robinson, Jake Bullen, Nicola Geary, Chad Podolsky and Nico Elliott (Business Law), Armen Khajetoorian (Real Estate & Development), Tera Li Parizeau (Tax), Chandimal Nicholas (Intellectual Property), Marco Ciarlariello (Intellectual Property and Privacy) and Kristin Taylor, Maria Constantine and Erin Minuk (Employment & Labour).