The securityholders of Dentalcorp (TSX: DNTL) have approved a plan of arrangement under which an acquisition vehicle controlled by U.S. private-equity firm GTCR LLC will buy all of the company’s subordinate- and multiple-voting shares for C$11.00 per share. The vote took place at a special meeting on Thursday.
The acquisition, first announced in September, will take Canada’s largest dental service organization private. Dentalcorp said the arrangement resolution passed with well above the required two-thirds approval across all voting categories, including a majority-of-minority vote.
“This is an important milestone in our transaction with GTCR, and we thank our securityholders, and our partner dentists in particular, for their support of this transaction,” said Graham Rosenberg, Dentalcorp’s founder, chairman and CEO. “We are thrilled about our partnership with GTCR, through which Dentalcorp will benefit from enhanced flexibility to execute our long-term strategy, invest in technology and professional development, and continue expanding our network of leading dental practices. This transaction reinforces Dentalcorp’s position as the partner of choice for leading dental practices.”
Related: Dentalcorp reports $43.7M in Q3 cash flow, up 21 per cent from last year
The deal still requires a final order from the Supreme Court of British Columbia and approval under the Investment Canada Act. The court hearing is set for Dec. 9, 2025. The transaction is expected to close in the first quarter of 2026, pending all remaining approvals.
Further details are available in Dentalcorp’s management information circular dated Nov. 4, 2025, filed on SEDAR+.