Dental Acquisitions in 2023

Young Innovations, a portfolio company of TJC, announced the acquisition of Salvin Dental Specialties, a Charlotte-based supplier of regenerative biomaterials, surgical instrumentation and implant dentistry supplies. The deal will integrate Salvin's product portfolio and clinical support into Young Innovations’ global dental platform to expand its oral surgery and implant-agnostic offering.

Healthcare Holding Schweiz AG (managed by Winterberg Advisory) has acquired Mikrona Group AG, including its Ortho Walker business unit, expanding the platform's orthodontic and dental product distribution and services in Switzerland. The founders/previous owners will retain minority stakes and Mikrona's CEO Fabio Fagagnini will remain in place as the company integrates into Healthcare Holding's medtech distribution platform.

Specialty Smile Partners, a doctor-led management services organization backed by Blue Sea Capital, announced strategic partnerships with four New York specialty dental practices: Albany Braces, Where Smiles Grow, Battiste Orthodontics, and Schenectady Pediatric Dentistry. The affiliations expand Specialty Smile Partners' footprint into New York and bring the practices access to centralized business services and operational support from the MSO and its PE backer.

Benco Dental has acquired PPO Profits, a provider of dental fee negotiation, credentialing, and revenue cycle management services. PPO Profits will operate as a standalone company under Benco, allowing Benco to expand its practice growth and revenue optimization offerings for dental customers.

Dental365 acquired Quakertown Family Dental, a long-standing dental practice in Quakertown, Pennsylvania, expanding Dental365’s presence in the state. The small practice — which includes dentists Dr. Brian Schoenly and Dr. Majid Dastgir — will operate under the Dental365 platform; financial terms were not disclosed.

Funds affiliated with private equity firm TriSpan LLP have acquired SmartArches Dental Implants from ProSmile in a recapitalization that establishes SmartArches as a standalone specialty dental implant and reconstruction services company. SmartArches operates eight locations across Florida, Maryland, Pennsylvania, New York and New Jersey and will use the investment to support geographic expansion and scale its implant and full-mouth reconstruction services.

SGA Dental Partners, a portfolio company of Thurston Group, has affiliated with Lane Perio, a two-location periodontal practice led by Dr. John Lane in Northern Alabama. The transaction brings Lane Perio into SGA’s DSO platform as an add-on to expand clinical and geographic coverage while preserving clinical autonomy for Dr. Lane.

MB2 Dental has partnered with/acquired Simon Dentistry, a single-location dental practice in Bowling Green, Kentucky led by Dr. Daniel Simon. TUSK Partners advised Simon Dentistry on the sale; MB2 (a Dallas-based dental partnership organization backed by private equity) will support the practice as part of its national platform.

Oakley Capital Fund V has agreed to acquire Flemming Dental, Excent and Artinorway Group in a carve-out from European Dental Group (EDG), creating an independent pan‑European dental laboratories group. Oakley will partner with the existing management team — including Excent co‑founder Hidde Hoeve — to pursue a buy‑and‑build growth strategy focused on digitalisation, international expansion and targeted M&A.

Abra Health has acquired two northern New Jersey oral surgery practices — Bayonne Oral Surgery (Bayonne, NJ) and Oral & Maxillofacial Surgery Institute (Newark, NJ) — and will operate them under the new Garden State Oral Surgery Group while keeping existing providers and staff in place. The practices will continue to operate under their current names and locations, and Dr. Steven Dirienzo will remain on staff and provide services across additional Abra Health offices.

Affiliates of Lindsay Goldberg completed a majority investment in Lightwave Dental, partnering with Lightwave Founder and CEO Justin Jory to support the company's next stage of growth. The investment (size undisclosed) and a senior credit facility arranged by Monroe Capital will fund Lightwave's expansion of offices and affiliations across the Mid-Atlantic.

H.I.G. Capital completed a recapitalization / growth investment in Advanced Dental Brands, a dental partnership organization that partners with doctor-owners to operate nearly 40 practices across the Northeast U.S. H.I.G. will support further investment in the platform to accelerate organic growth and pursue M&A to expand the business and enhance its value proposition for doctors.

Midwest Mezzanine Funds provided subordinated debt to Foundation Dental Partners, a Keystone Capital portfolio company, to support Foundation's acquisition of 10 dental practices in Tennessee and Kentucky. Keystone Capital remains the private equity sponsor and Foundation continues expanding its DSO platform in the Southeastern United States.

Abra Health Group has acquired the Eugene McGuire, DDS pediatric dental practice in Allentown, Pennsylvania and will integrate the office into its Smiles 4 Keeps brand. The practice will relocate to a new Smiles 4 Keeps facility in Allentown later this summer and will expand services to include orthodontics and general dentistry for adults while retaining existing staff.

Solmetex, LLC acquired Impladent Ltd., a provider of regenerative dental materials including bone grafts and resorbable membranes, to expand its dental product portfolio. The transaction — supported by Solmetex's existing investor Avista Capital Partners — brings nearly 40 years of Impladent expertise into the Solmetex platform; financial terms were not disclosed.

Cap City Dental Lab, a ScaleCo Fund III company, acquired Perfect Fit Dental Studio of Janesville, Wisconsin on May 1, 2023 as its second add-on acquisition. The deal expands Cap City’s product offerings and operational capacity in cosmetic and restorative dental laboratories, supporting geographic and capability growth for the platform.

Espire Dental, an integrated dental organization headquartered in Denver, acquired Anderson Family Dental in Colorado Springs, Colorado. The deal expands Espire's footprint in southern Colorado and continues its roll-up of high-quality, dentist-founded practices; Dr. Erick Anderson will join Espire as part of the transaction.

Dental Care Alliance, a portfolio company of Harvest Partners, has acquired Austell Dental Associates from Dr. Richard Gardner. TUSK Partners advised the seller; the family general dentistry practice in Austell, Georgia — which provides general, endodontic and periodontic care and has served the community for over 40 years — will join Dental Care Alliance’s network of supported practices.

Smile Doctors, a PE-backed orthodontic support organization, has acquired Grinz Orthodontics. The deal adds Grinz's practices in North Carolina and Arizona to Smile Doctors' network; Smile Doctors is a portfolio company of Linden Capital Partners and Thomas H. Lee Partners.

Audax Private Equity has made a strategic investment in Mosaic Dental Collective, a Vancouver, Washington–based dentist-led DSO that supports 49 affiliated dental offices across California and Washington. The partnership will provide capital and operational support to accelerate Mosaic's growth and M&A strategy while preserving its doctor-led model; financial terms were not disclosed.

Espire Dental has acquired Fox Creek Family Dental, a five-location group with practices in Longmont, Loveland, Thornton, Westminster and Broomfield, Colorado. The deal adds five locations to Espire's growing multi-specialty dental platform and was completed with owner Dr. Ryan Koenig partnering with Espire to continue serving local communities.

Clairvest Group Inc., together with Clairvest Equity Partners VI (CEP VI), completed a US$32 million equity investment in Bluetree Dental, a multi‑specialty, pediatric and orthodontics‑focused dental service organization. Management rolled significant equity and will retain control post‑closing; the capital is intended to accelerate Bluetree’s growth and platform build in the Mountain West region of the United States.

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.

Gen4 Dental Partners, a Thurston Group portfolio company, has acquired Nashville Aesthetic Dentistry, a cosmetic dental clinic in Brentwood, Tennessee led by Dr. Dennis J. Wells. The add-on expands Gen4's clinical capabilities in cosmetic and reconstructive dentistry while preserving the local brand identity.

Inverness Graham’s dental products platform Inter-Med, Inc. (dba Vista Apex) has acquired Perio Protect, a provider of periodontal tray treatment solutions sold to dental practices in the U.S. and Canada. The add-on expands Vista Apex’s portfolio into periodontal treatment, increasing the platform's addressable market and growth opportunities; terms were not disclosed.

Dental Care Alliance (DCA) has acquired Racine Dental Group, a large multi-specialty dental practice in Racine, Wisconsin, expanding DCA's footprint in the state. Racine Dental Group operates an 85-operatory, 65,000 sq. ft. facility with a satellite pediatric location and offers general, pediatric, implant, orthodontic and specialty dental services.

HGGC has made a strategic growth investment in Dentive, a founder-run dental service organization (DSO) that provides management services to doctor-owned general and specialty dental practices. The investment will support Dentive’s continued expansion — the company operates nearly 70 locations across nine states and was founded in 2019 by Tom Clark and Austin McFee.

Abu Dhabi sovereign investor Mubadala Investment Company has invested in Dental Care Alliance (DCA) in a recapitalization alongside funds managed by Harvest Partners, LP. The transaction leaves Mubadala and Harvest Partners jointly controlling DCA and is intended to accelerate growth, innovation and development across DCA’s multi-site dental platform.