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Lombart acquires Innova

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Lombart Instrument, a leading U.S. distributor of ophthalmic instruments, has acquired Innova Medical Ophthalmics, a leading Canadian distributor of ophthalmic instruments, according to a press release from Atlantic Street Capital, which owns the Lombart portfolio.

Innova sells ophthalmic instruments, provides customer consultation services and offers installation and maintenance/repair services to optometrists and ophthalmologists primarily in Canada, with sales into the U.S., Mexico and abroad, according to the release.

"We see enormous opportunity to continue organic growth and expand our combined firm's complementary product offerings into adjacent eye care-specific sectors bringing a higher level of support and service to our customers and better representation to our vendor partners," Innova CEO David Spear said in the release.

Atlantic Street Capital is a private equity firm that invests in middle market companies with between $4 million and $12 million in EBITDA. The firm invests in fundamentally sound companies that will benefit from capital investment and value-adding strategic and operational initiatives, according to the release.