|[August 18, 2014]
Bregal Partners and Dental Partners Announce Cooperative Agreement to Acquire Dental Practices
NEW YORK --(Business Wire)--
Bregal Partners, a leading middle market private equity firm, has
entered into an agreement with Dental Partners Inc. ("Dental Partners"
or the "Company"), a leading southeastern dental practice management
platform, to pursue and acquire general dentistry-focused practices that
have $5 to $25 million in revenue in the Southeast, Texas, and select
Midwestern geographies. Post-acquisition, Dental Partners intends to
support the growth of these practices through further in-market, small
Founded by Todd Christie, Dental Partners is a general dentistry-focused
dental practice management platform operating in Tennessee, Kentucky,
Florida, and Georgia. Dr. 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, Dr.
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 successfully sold to
American Dental Partners in 2009.
Bregal Partners' co-founder and Managing Partner Robert Bergmann noted,
"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 supportingacquired practices and driving strong growth
Mr. Bergmann added that Bregal Partners has been working with Dr.
Christie to evaluate potential investments in the dental sector over the
last few years and noted the newly formed partnership is the culmination
of their prior efforts together. "We have had a front row seat in
witnessing the growth of Dental Partners under Todd's leadership and are
excited to be joining forces to take Dental Partners to the next level,"
Dr. Christie stated, "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
About Dental Partners
Dental Partners is a general dentistry-focused dental practice
management platform in Tennessee, Kentucky, Florida, and Georgia. The
company was founded by Todd Christie in 2011 with his acquisition of a
single clinic in Tennessee and has grown to 20 clinics via acquisition.
Dental Partners offers a complete range of routine, cosmetic and
specialized dental health services including preventative care,
whitening, crowns, veneers, dental implants, oral surgery, periodontics,
endodontics, conscious and intravenous sedation, children's dentistry
and orthodontics. Dental Partners provides dentists and their team
members leadership and support through continuing education, staffing,
human resources, marketing, training, administration, accounting and
For more information on Dental Partners, please visit www.dental-partners.com.
About Bregal Partners
Bregal Partners is a private investment firm that invests alongside
management teams to build industry leading companies in the middle
market. Areas of focus include energy services, consumer, food and
retail, and healthcare. With $500 million of committed capital funded by
a sixth-generation family foundation with roots back to 1841, Bregal
Partners brings experience, stability, and a long-term outlook to all of
its investment activities. Bregal Partners is part of Bregal
Investments, a global family of private equity and fund investment
vehicles that has invested more than $9 billion since 2002. For more
information on Bregal Partners, please visit www.bregalpartners.com.
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