Midwest Mezzanine Provides Subordinated Debt to Foundation Dental Partners

Main Street Capital Recapitalizes Midwestern Dental Service Organization

February 20, 2024

Dental

Main Street Capital Corporation invested $12.8 million in a recapitalization of a leading, multi-location urgent and general care dental service organization based in the Midwestern United States. The investment, made as a combination of first-lien senior secured term debt and a direct equity investment, was completed alongside an unnamed co-investor and in partnership with the Company's founder and a private investment group.

Smile Brands Acquires Midwest Dental

December 2, 2020

Healthcare Services

Smile Brands Inc., a portfolio company of Gryphon Investors, completed the acquisition of Midwest Dental, a Dental Support Organization with over 230 offices headquartered in Mondovi, Wisconsin. The combination creates one of the largest DSOs in the U.S., representing approximately 650 offices and over 8,000 employees across 30 states; terms were not disclosed.

Caymus Equity Partners Leads Recapitalization of Pan‑Am Dental

December 1, 2019

Dental

Caymus Equity Partners, together with Midwest Mezzanine Funds, RGA Private Debt & Equity and Pan‑Am Dental management, completed a recapitalization of Pan‑Am Dental, a full‑service outsourced dental laboratory headquartered in Savannah, Georgia. The transaction provides Pan‑Am with capital to expand its product portfolio, grow into new geographies and pursue future add‑on acquisitions while management retained a significant equity stake.

Keswick Partners Recapitalizes Metal Tech with Financing from Midwest Mezzanine

August 8, 2023

Industrial Services

Keswick Partners completed a recapitalization of Metal Tech, a Murfreesboro, North Carolina-based equipment maintenance, repair and fabrication services provider, partnering with the company’s management. Midwest Mezzanine provided subordinated debt and equity to support Keswick’s investment; the transaction was represented by Bundy Group and involved owner Brock Felton transitioning ownership as part of the recapitalization.

P1 Dental Partners Acquires Cornerstone Dental Partners

February 23, 2023

Dental

P1 Dental Partners, a Prairie Capital portfolio company, acquired Cornerstone Dental Partners, a 10-office dental support organization (DSO) in the greater Chicago area. The three Cornerstone owners — Mark Zieba, Jon Gregoire and Anthony Ponzio — joined P1 Dental Partners in executive leadership roles; the deal closed in December 2021 and terms were not disclosed.

Prairie Capital VI Partners with P1 Dental Partners to Create Indiana Dental Platform

December 18, 2020

Dental

Prairie Capital VI partnered with Dr. Kelly Jastremski, Patrick Malloy and other practice-owner dentists to consolidate 26 dental practices across Indiana and form P1 Dental Partners, a provider-led dental partnership organization headquartered in Indianapolis. The platform comprises 23 general and 3 specialty practices (about 50 providers) and Prairie Capital will support growth through investments in people, technology, infrastructure and add-on acquisitions.