Dental Acquisitions in 2024

Golden Age Dental Care has acquired Oral Health Care, LLC to combine Golden Age's mobile dental services with Oral Health Care's virtual platform and expertise serving residents in skilled nursing facilities. The deal is intended to expand access to high-quality dental care for senior living communities and streamline operations by integrating Oral Health Care's in-house software. Keystone Business Advisors served as exclusive M&A advisor to Oral Health Care, LLC.

Espire Dental, a Denver-based integrated dental group, has acquired Tranquility Dental Wellness, a four-practice dental group serving Tacoma, Washington. The deal expands Espire’s footprint into the Pacific Northwest and adds cosmetic and multi-specialty capabilities to its network of practices.

Abra Health Group has acquired All About Kids Pediatric Dentistry, adding four Connecticut locations and marking Abra's expansion into its third state. The practice will operate under the Abra umbrella with continuity of care, and Abra plans to open a new Bridgeport, Connecticut location in 2025.

MAX Surgical Specialty Management — a surgeon-led OMS management platform backed by MedEquity Capital, RF Investment Partners and Kian Capital — announced new partnerships with New England Oral Surgery (Vermont), Simpson Oral and Maxillofacial Surgery (Nanuet, New York) and Fairfield Oral Surgery (Fairfield, Connecticut). The additions expand MAX’s network to 25 locations across five Northeastern states as the platform pursues add-on growth and geographic expansion across the region.

MB2 Dental has completed a recapitalization led by Warburg Pincus that includes a $525 million investment and provides liquidity to the company's doctor partners at a total enterprise value in excess of $3.5 billion. Existing investor Charlesbank Capital Partners will remain a partner alongside KKR, and proceeds will be used to provide partner liquidity and accelerate investments in MB2's value-added services and platform growth.

Proclinic Group, backed by Miura Partners, has acquired Dentalair, a Netherlands-based full-service dental distributor headquartered in Dordrecht. The acquisition expands Proclinic's European distribution footprint—adding a strategically located Dordrecht warehouse and access to Benelux, Germany and the Nordics—and is structured as an add-on to the Proclinic platform (transaction pending ACM approval).

Today's Dental Network, LLC (TDN), a multi-specialty dental practice network backed by HealthEdge Investment Partners, has formed a partnership with Brown and Brown Dentistry — bringing Vero Implants & Periodontics and Vero Elite Dentistry in Vero Beach, Florida into TDN's partner network. The deal represents TDN's first entry into the Vero Beach market and expands its specialty periodontal and implant capabilities in Florida.

Georgia Oak Partners, an Atlanta-based investment firm, has made an investment in T Management, a dental support organization (DSO) serving the Atlanta / Southeastern U.S. market. The capital partnership is intended to help T Management scale its practice-management and non-clinical support services for partner dental practices across the Southeast.

The Zabel Companies has acquired Golden Ceramic Dental Lab (GCDL), a full-service dental laboratory headquartered in Prospect Heights, Illinois. Barings served as lead agent, sole lender and a minority equity investor to provide financing support for Zabel’s new platform investment in GCDL, enabling the sponsor to scale the dental lab business.

Parkview Dental Partners, a Cathay Capital–backed dental support organization (DSO) based in Sarasota, Florida, has acquired Breezy Dental, a dental practice in Tampa, Florida. The deal expands Parkview's presence along the Gulf Coast and brings Breezy Dental access to Parkview's operational support services.

The Smilist Dental, a Northeast-based dental service organization (DSO), has acquired Lakeview Dental Care, a six-location group practice in New Jersey owned by Drs. Eric Forte and Jonathan Hill. Polaris Healthcare Partners advised the sellers on the multi-million dollar transaction as The Smilist expands its footprint across the region.

Espire Dental, a portfolio company of Rallyday Partners, has affiliated Los Gatos Dental Group, a single-location practice in Los Gatos, California. The deal brings the two-owner practice into Espire’s growing network as an add-on to expand its footprint and patient base in the region.

Dental365 has acquired Legacy Dental Services Organization, a Massachusetts group practice operating under the Beyond Dental Health brand, which comprises four general dental offices and a TMJ/Facial Pain practice in the South Shore towns of Abington, Cohasset, Hanson and Weymouth. The acquisition is an add-on to Dental365's DSO platform and expands the company's presence and clinical capabilities in Massachusetts.

ProSmile, a TriSpan-backed multi-specialty dental services organization, completed the acquisition of Destiny Dental practices across Michigan, Illinois, Indiana and Wisconsin, adding 20 offices and establishing ProSmile's presence in the Midwest. The deal was supported by lender BankUnited and continues ProSmile's roll-up strategy as a TriSpan portfolio company expanding via add-on acquisitions.

Signet Leadership, LLC and clinical partner LADD Dental Group have acquired Dr. James D. Hughes, DDS Family Dentistry in Huntington, Indiana. The acquisition expands LADD Dental Group's network in Northern Indiana and brings the practice access to LADD's resources and technologies while continuing local patient care.

Shore Capital Partners has founded Innovate 32, a Nashville-based dental services organization, through a strategic partnership with Dr. Clint Newman and his group of practices (including Gulch Dental Studio and Dental Haus Germantown). The platform will be led by CEO Josh Johnson and backed by Shore to pursue partnerships with independent dentists and scale a dentist-led, patient-first DSO in the greater Nashville market.

Frontier Dental Lab Group, a portfolio company of O2 Investment Partners, has rebranded as Denbright Dental Labs and consolidated seven dental laboratories (Frontier, NuArt, Burbank, Jason J. Kim Dental Aesthetics, D&S, Friendship, and Absolute Dental Services) into a single multi-site platform. The combined business—headquartered in El Dorado Hills, California—employs roughly 700 people across North America and will focus on digital workflow adoption, clinical education, and expanded prosthetics capabilities.

Dental365 has acquired Shoreline Dental Associates, a long-standing dental practice in Guilford, Connecticut led by Dr. Riham Kalta. The deal expands Dental365's footprint in Connecticut as part of its continued roll-up of local dental practices.

Proclinic Group, backed by Miura Partners, has acquired VS Dental, an Italian dental products distributor based in Verona. The add-on acquisition strengthens Proclinic's presence in Italy, expands its logistics and distribution capabilities (including a new Italian warehouse enabling 24/48h service), and is expected to add around €20m of revenue to the group.

Boston-based private equity firm Riverside Partners completed a growth investment in Net32, a Cary, North Carolina-based online marketplace for dental supplies. The partnership will provide capital and resources to support Net32's product innovation, vendor growth, and continued expansion of its marketplace for dental practices.

Morgan Stanley Private Credit led a growth capital investment into Guardian Dentistry Partners, with participation from Prudential Private Capital. The structured financing (debt and equity securities) will support GDP's continued expansion of its dental partnership network — which now spans over 160 locations across 11 states — and enhance resources for its dentist partners.

Peninsula Cosmetic & Family Dentistry has acquired Mouth Carolina Dentistry to expand its presence into the West Ashley area of Charleston, South Carolina. The acquisition integrates Mouth Carolina Dentistry patients into Peninsula’s modern family and cosmetic dental practice, broadening access to services such as implants, pediatric care, and preventative dentistry.

Fort Bend Dental has acquired Aliana Family Dental in Sugar Land, Texas and rebranded the practice to Fort Bend Dental Aliana. The acquisition brings the Aliana patient base into Fort Bend Dental’s multi-location network while Dr. Vinny Baratta will remain as the practice’s sole dentist to ensure continuity of care.

Archway Dental Partners has acquired Pediatric Dental Center of Avon in a transaction advised by TUSK Practice Sales. The pediatric dental practice, founded and led by Dr. Jeanmarie Cosgrove, will join Archway's multi-specialty Connecticut network as an add-on to expand the platform's local footprint and pediatric care offerings.

Behrman Capital has acquired Vista Apex, a Racine, Wisconsin-based manufacturer of dental consumables, from Inverness Graham. The transaction positions Behrman to grow Vista Apex's product portfolio, expand manufacturing and distribution capabilities, and pursue further strategic M&A to scale the business.

Espire Dental has partnered with and acquired the dental practice of Dr. Gregory S. Hulings in Frisco, Texas, marking Espire's first practice in Texas and expanding its 29-practice footprint. The deal brings a long-running, multi-specialty and cosmetic dental practice into Espire's integrated dental organization to expand patient access in the Dallas–Fort Worth metroplex.

Sage Dental, a Boca Raton–based dental service organization, acquired Children's Dentistry in the New Tampa area from Dr. Gregory Stepanski. The location will become Sage Dental Kids of New Tampa — the DSO's first dedicated pediatric/orthodontic practice — and is expected to officially launch on April 29, 2024 to expand Sage's pediatric service offerings in the region.

Endodontic Practice Partners (EPP), a portfolio company of RC Capital, has partnered with Endodontic Specialists, a two-location endodontic practice serving Lansing, Michigan. TUSK Practice Sales advised the sellers on the transaction as EPP continues to grow its nationwide network of endodontic practices.

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.

Tecum Capital, alongside Hilltop Opportunity Partners and Casla Partners, provided growth capital to Five Point Dental Specialists, a multi-specialty Dental Support Organization headquartered in Fort Worth, Texas. The investment will support FPDS's growth initiatives while the founders and management continue to lead the company.

Lone Peak Dental Group, a Denver-based pediatric specialty dental support organization operating 69 clinics across 13 states, received a strategic growth investment from the BlackRock Impact Opportunities Fund, with Memorial Hermann Health System investing alongside. Brightwood Capital and LBC Credit Partners provided financing to support the transaction; the funding will be used to scale Lone Peak's clinic platform and expand access to pediatric dental care in underserved, Medicaid-serving communities.

Dental Care Alliance (DCA), a Sarasota-based dental support organization, has welcomed The Kids Dentist, a single-location pediatric dental practice in Mequon, Wisconsin, as an affiliated practice. The affiliation expands DCA's footprint in Wisconsin and broadens its pediatric dental capabilities in the Milwaukee/North Shore region.

Pan-Am Dental, a portfolio company of Caymus Equity Partners, has completed the acquisition of Gibson Dental Designs, a full-service dental laboratory based in Gainesville, Georgia. The add-on expands Pan-Am's capabilities and geographic presence in the Southeast U.S., diversifying its production base and customer mix.

Martis Capital and Din Ventures announced a growth investment in Archway Dental Partners, a Danbury, Connecticut-based dental partnership supporting 70 dentists across 23 locations. The capital will support Archway Dental's expansion as it aims to become a leading multi-specialty dental provider across New England and the Northeast.