Mon, 18/08/2014 - 14:33
Private equity firm Bregal Partners is teaming up with Dental Partners to acquire general dentistry-focused practices that have USD5 million to USD25 million in revenue in the Southeast, Texas and Midwestern geographies.
Post-acquisition, Dental Partners intends to support the growth of these practices through further in-market, small acquisitions.
Founded by Todd Christie, Dental Partners is a general dentistry-focused dental practice management platform operating in Tennessee, Kentucky, Florida, and Georgia. Christie started Dental Partners in 2011 with his acquisition of a single clinic in Tennessee, and the company has since grown to 20 clinics via acquisition.
A dentist himself, Christie was previously founder, CEO, and majority owner of Christie Dental, a Florida-based practice management platform that he also built from the purchase of a single clinic and later sold to American Dental Partners in 2009.
Bregal Partners' co-founder and managing partner Robert Bergmann says: “We are delighted to be partnering with Todd, who has now twice built industry leading dental practice management platforms. Having acquired nearly 50 clinics in his career, he has a proven model that works across a wide range of practices: from those where the sellers wish to retire, to those with a young dentist group that wants support to accelerate growth. Critically, he and Dental Partners have a demonstrable track record of supporting acquired practices and driving strong growth post-acquisition.”
Christie says: “I am thrilled to be partnering with Bregal Partners as Dental Partners looks to its next phase of growth. Bregal Partners brings substantial healthcare investment experience, including experience in the dental sector, which will help us expand our footprint and accelerate our growth. Having gotten to know the Bregal Partners team over the last few years, I am confident I have found a great partner.”
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