Dental Acquisitions in 2021

Great Expressions Dental Centers, a portfolio company of Roark Capital, acquired Amazing Dental Group, a Michigan-based dental services organization with four locations in the Detroit metro. The transaction closed on December 30, 2021, and Amazing Dental founders Dawsar Najor and Dr. Nawras Najor will join Great Expressions in leadership roles to support continued growth and integration.

Oak Dental Partners (ODP), a rapidly growing dental service organization based in Atlanta, recapitalized Select Dental Partners, a multi-state pediatric dentistry and orthodontics provider headquartered in Fort Mill, South Carolina. The recapitalization closed on December 30, 2021; Marriott & Co. served as exclusive financial advisor to Select Dental and founder Dr. Robert Ellis III will remain in his CEO role under the new partnership.

Chicago-based PPO Profits has acquired Dental Performance Experts (DPE), a dental PPO claims processing and accounts receivable firm, and launched a new RCM Profits division to offer revenue cycle management and claims processing services. Amy Hernandez, owner of DPE, will lead the RCM Profits division as part of the combined offering (terms not disclosed).

Gen4 Dental Partners, a doctor-centric Dental Service Organization based in Tempe, Arizona, has acquired Moberly Family Dentistry, a practice led by Dr. Michael Berry in Moberly, Missouri. The partnership will provide operational and leadership support so Dr. Berry and his team can focus on clinical care while benefiting from Gen4's consolidation platform.

Salt Creek Capital has sold Boyd Industries to the company’s CEO, Adrian LaTrace, in a management buyout. Boyd Industries, a Clearwater, Florida-based manufacturer of dental operatory equipment and clinical cabinetry since 1957, was originally acquired in partnership with Salt Creek in 2012 and serves dental specialists domestically and internationally.

Surge Private Equity-backed Access Dental Management LLC acquired Optim Dental and Vogue Dental, a six-location dentistry group in Illinois and Indiana, in an add-on transaction valued at approximately $10 million. The deal was financed with a structured investment from Corbel Capital Partners (in partnership with Dr. Tien Phan and Surge) and marks Access Dental's first expansion outside Texas into the Illinois/Indiana markets.

National Dentex Labs (NDX) acquired Fager Dental Lab, a Camp Hill, Pennsylvania dental laboratory led by Charles B. Fager. The deal expands NDX’s network and local capabilities in the Harrisburg, Pennsylvania market; terms were not disclosed.

Dental Care Alliance (DCA) has added Modern Dental Care, a multi-location general dentistry group with 14 locations in Wisconsin, to its network of allied practices. The deal establishes DCA’s presence in Wisconsin and expands its portfolio of supported practices as part of its ongoing geographic growth strategy.

Spark Orthodontics, a multi-location orthodontic group backed by minority investor Rock Mountain Capital, has acquired Cumberland Pediatric Dentistry & Orthodontics, which operates eight offices in the Nashville, Tennessee area. Cumberland will retain its name and its four founder‑doctors will join Spark's management team as the combined business expands into multi‑specialty pediatric dental and orthodontic services.

Vista Apex Dental Products, a dental manufacturing platform backed by Inverness Graham Investments, has acquired Palisades Dental, LLC, a U.S.-based maker of specialized dental surgery handpieces. The deal adds the IMPACT AIR 45 handpieces to Vista Apex’s endodontic and restorative product portfolio; terms were not disclosed.

Cherry Tree Dental, a Madison, Wisconsin-based dental service organization backed by ICV Partners, acquired Richard Patelski DDS Family and General Dentistry in Downers Grove, Illinois. The transaction is an add-on acquisition that represents Cherry Tree's first practice expansion outside Wisconsin and supports succession planning for Dr. Patelski while enabling Cherry Tree's Midwest growth.

Keystone Dental, an Accelmed Partners I portfolio company, acquired Osteon Medical and completed a $25 million financing round led by Nantahala with participation from Accelmed and Migdal. Proceeds will support the Osteon acquisition and fund Keystone's continued growth, including market expansion and investment in its dental implant product portfolio and digital capabilities.

Beacon Oral Specialists, a PE-backed management services organization, entered strategic partnerships to affiliate Orange County Centers for Oral Surgery and Desert Oral Surgery, expanding Beacon's presence in Southern California. Beacon is a portfolio company of Blue Sea Capital and the agreements bring additional multi-location oral surgery practices into its network.

Colosseum Dental Group, owned by family-owned Jacobs Holding, has agreed to acquire Curaeos from the EQT VII fund (EQT Private Equity). Curaeos is a pan‑European dental service organization headquartered in Oosterhout, Netherlands, operating 186 clinics across several European countries; the deal strengthens Colosseum's European platform and is expected to close in Q3 2021.

Simply Beautiful Smiles, the Delaware Valley dental services organization headquartered in Trevose, Pennsylvania, has acquired Olin Dental Group in Rahway, New Jersey to expand its geographic footprint and clinical offerings. The Olin Dental Group will continue operating with no interruption and will benefit from Simply Beautiful Smiles' operational resources, network of specialists and technology.

HealthEdge Investment Partners and Synergistic Capital Partners completed an investment in Today's Dental Network (TDN), a multi-specialty concierge dental practice network supporting 17 locations across Southwest Florida. The capital and partnership will support TDN’s growth plan to expand via additional partnership and specialty practice acquisitions while providing centralized practice-management services and technology.

Walter Capital Partners, a Montréal-based private equity firm, has made a growth investment in Clareo Dental Network, the largest network of dental clinics in Québec. The partnership will support Clareo’s expansion to more than 50 general and specialty dental clinics across Québec over the next five years and help provide succession options for retiring dentists.

Persistence Capital Partners (PCP) has made a significant follow-on equity commitment to MCA Dental Group, joined by an investor group led by DWS's private equity business. The capital will be used to accelerate MCA's expansion across Canada and support its growth as a dental service organization (DSO).

iSmile Dental Products, a Sacramento-based dental distributor, has acquired Dental Savings International (DSI), a Union City, New Jersey–based full-line dental supplies distributor and e-commerce platform. The deal combines DSI's East Coast distribution capabilities with iSmile's West Coast operations to create a bicoastal platform that expands product selection and shortens delivery times for customers.

Henry Schein acquired a 70% ownership stake in eAssist Dental Solutions, a fast-growing virtual dental billing and revenue cycle management provider headquartered in American Fork, Utah. eAssist — founded in 2011 and with more than 1,200 employees serving over 2,000 practices — had approximately $31 million in sales in 2020; financial terms were not disclosed and Dr. James Anderson will remain CEO.

Empire Dental Arts, a Mentor, Ohio-based dental partnership organization, has acquired the dental practice Palladino DDS & Associates in Mayfield Heights, Ohio. Empire — which is PE-backed by Evolution Capital Partners — said the deal is its third acquisition in the prior year and expands its affiliated network across Northeast Ohio.

Hunter Street Partners and Healy Capital Partners have acquired Kirkpatrick Dental Group, a Dental Support Organization that operates eight locations across Tennessee and Georgia. The investors will work with management to scale the platform across the Southeast through add-on acquisitions, centralized operations and improved practice management.

Pamlico Capital has completed a growth investment / acquisition of Canadian Orthodontic Partners (COP), partnering with current shareholders to support the company's next phase of expansion. COP, headquartered in Toronto, operates over 60 orthodontic clinics across eight Canadian provinces serving more than 30,000 patients; the transaction follows Sheridan Capital Partners' prior ownership and was announced as a sale by Sheridan.

GPS Dental LLC, a Jonesboro, Arkansas–based dental service organization backed by The Firmament Group, completed three add-on acquisitions in Q1 2021: ADC of Joplin (Joplin, Missouri), Hermitage Dental Group (Nashville, Tennessee), and Walnut Ranch Dental Spa (Ardmore, Oklahoma). The transactions expand GPS Dental’s footprint in the Southern and Midwestern United States; Firmament initially invested in GPS in December 2020 and provided additional capital to support these acquisitions.

Comvest Partners has made an investment in Leixir Dental Group, a technology-enabled provider of outsourced dental laboratory solutions. The deal will support Leixir's growth and expansion of its digital design and manufacturing capabilities while founder Harmeet Bindra remains CEO and Executive Chairman.

Halle Capital Management made a growth equity investment in Planet Smile Partners, a newly formed pediatric- and orthodontic-focused dental service organization (DSO). Planet Smile Partners will initially partner with Dentistry for Children Westchester and Dr. Gary Heitzler will serve as CEO as the platform scales across the Northeast.

Pan-Am Dental, a portfolio company of Caymus Equity Partners, acquired Houston-based Alpha Dental Ceramics in March 2021. The add-on expands Pan-Am's geographic footprint into Houston and strengthens its dental laboratory manufacturing and service capabilities.

DECA Dental Group acquired Reign Dental, a Seattle-area dental practice owned by Dr. Michael Caparas, expanding DECA's footprint into Washington state and operating the practice under its Ideal Dental brand. The deal, supported by DECA's investor Blue Sea Capital, is an add-on to DECA's PE-backed platform and part of the company's strategy to supplement de novo growth with strategic acquisitions for geographic expansion.

Surge Private Equity’s platform Access Dental Management LLC acquired Harlingen Family Dentistry, La Casa Dental and two additional multi-specialty dental practices in El Paso as part of a $15 million add-on package financed with debt from Corbel Capital Partners. The acquisitions expand Access Dental’s Texas footprint—adding presence in the Rio Grande Valley, Wichita Falls and El Paso—and broaden the DSO’s multi-specialty clinic network.

Biotech Dental, LLC acquired Integrated Dental Systems, LLC through a Chapter 11 Section 363 court-approved sale run by Three Twenty-One Capital Partners. The purchase pairs IDS’s U.S. distribution and sales network with Biotech’s implant and dental materials manufacturing capabilities to strengthen the combined company’s U.S. market presence and product distribution.

RoundTable Healthcare Partners has acquired DDS Lab, a Tampa-based national dental laboratory that provides fixed crown and bridge, removable, implant and orthodontic products to over 11,000 dentists across the U.S. The deal — sold by prior investors Blue Sea Capital and CITIC Capital Partners — will serve as a platform investment for RoundTable to expand capabilities and investments in digital manufacturing and customer service; financial terms were not disclosed.

Charlesbank Capital Partners made a significant growth investment to acquire a majority interest in MB2 Dental from funds affiliated with Sentinel Capital Partners and management. The investment will support MB2's continued M&A-driven expansion of its dental partnership organization and strengthen its shared services to drive organic growth across its affiliated practices.

SmilePartners-USA, a portfolio company of Silver Oak Services Partners, completed multiple add-on acquisitions including PEDIA, a 14-location dental and oral surgery provider in the Chicago area, plus several additional general and specialty dentistry practices in the Detroit and Atlanta metropolitan areas. The deals add three locations and bring SmilePartners to 46 locations across Michigan, Illinois and Georgia as the platform continues geographic expansion.

Varsity Healthcare Partners completed a growth investment in Peak Dental Services, a Colorado Springs-based dental services organization with 35 locations and over 65 dentists. The partnership will support Peak's aggressive growth strategy of de novo clinic openings and acquisitions across Colorado and into adjacent markets while management and provider-owners remain significant shareholders.