Canadian Firms Invest in American Optometric Chain MyEyeDr.
Toronto-based Altas Partners and the Caisse de dépôt et placement du Québec (CDPQ), a crown corporation Quebec investment firm, announced on August 17 that they are investing in Capital Vision Services (CVS), which manages the MyEyeDr. chain of optometric offices.
Founded in 2001, MyEyeDr. has experienced rapid growth and now has over 2,000 employees and 1.9 million patients among its 165 offices in the south-east United States. CVS mission is to provide optometrists and/or optical retailers with both a secure exit strategy along with an expert team to oversee all day-to-day business operations.
Andreas Beroutsos, Executive VP of CDPQ, said of the deal, “With this investment, CDPQ contributes to the further expansion of a company that has made a name for itself in its sector over the past 15 years with a distinctive business model. From a long-term investment standpoint, CDPQ’s contribution will enable the company to carry out its growth plan.” The current management of Capital Vision Services will remain in their roles.