Sentinel Capital Partners, a private equity firm that invests in promising companies at the lower end of the middle market, has partnered with Altima Dental Centres, one of the largest dental services organisation in Canada. Terms of the deal have not been disclosed.
Headquartered in Toronto, Altima’s clinic network includes offices across six provinces in Canada. Altima-affiliated practices have an excellent reputation for providing high-quality dental services and always putting patients first. Altima's strategy is to continue growing through affiliation with other dental offices throughout Canada.
“Altima is well known throughout the Canadian market for second-to-none care, top notch providers and staff, and a broad suite of convenient services,” says Paul Murphy, a partner at Sentinel. “Altima’s founders, Drs. Grail and Christodoulou, have built an impressive business during the past 23 years and we’re thrilled to be their partners for Altima’s next phase of growth.”
“During our search for an ideal investment partner, we determined there were three must-haves to ensure success for Altima’s patients and employees: a close cultural alignment between Altima and our partner, deep and successful dental industry experience, and a complementary skill set to help us accelerate Altima’s growth trajectory,” said Dr. Sven Grail, co-founder and co-CEO of Altima. “We are confident we have found all three qualities in Sentinel.”
“Sentinel has shown great respect for the service standards we have built at Altima,” says Dr George Christodoulou, co-founder and co-CEO of Altima. “Together, we will become even stronger as we continue to improve upon our culture of gold-standard patient care, while providing a thriving environment for our valued team members.”
Sentinel has a well established record of investing in the dental sector, in which Altima represents its fifth platform investment. Most recently, in January 2016, Sentinel sold Northeast Dental Management, a leading provider of dental office support services in the Northeast and Mid-Atlantic. Sentinel’s prior dental investments include Castle Dental and Metro Dentalcare, each a leading regional provider of dental office support services; and ReachOut Healthcare America, a leading provider of support services to mobile dentists.
