representative work

FAX Capital Corp. Announces Proposed Acquisition of Carson, Dunlop & Associates Ltd.

12/22/2020

On December 22, 2020, FAX Capital Corp. (TSX: FXC and FXC.WT) announced the signing of a share purchase agreement for the acquisition of Carson, Dunlop & Associates Ltd. Pursuant to the arrangement, at closing FAX will acquire 78.33% of the shares in the capital of Carson Dunlop. The transaction is expected to close in January 2021.

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. FAX 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.

Carson Dunlop is 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. Carson Dunlop’s direct to consumer online education business through their private career college is the market share leader in Canada with a growing presence in the United States and utilized by third-party colleges and associations.

Cassels represents FAX with a team led by Jake Bullen and Nicola Geary, and includes 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).