DETROIT, March 6, 2017 /PRNewswire/ -- Huron Capital announced today that Melbourne, FL-based Dental Partners, LLC ("Dental Partners") has been acquired by St. Petersburg, FL-based Dynamic Dental Partners Group ("DDPG"), a Huron Capital portfolio company. With this deal, DDPG now supports more than 50 dental office locations across six states.
Founded in 2011 by Dr. Todd Christie, Dental Partners is a dental service organization ("DSO") providing support services to 18 dental practices in Tennessee, Kentucky, Florida and Georgia. Dr. Christie has joined DDPG as the EVP of Development where he will focus on driving clinical operations and acquisitions, while providing clinical leadership across DDPG's platform.
"We think this move is an important strategic step for DDPG," said Biff Comte, CEO of DDPG. "It solidifies our presence in Florida, and expands the footprint into three new states. Dr. Christie is an experienced DSO executive who brings a wealth of knowledge and experience to the team."
"While working on integration planning with Biff and the leadership team over the last few months, I have been impressed with DDPG's focus on doctor support leading to quality patient care," added Dr. Christie. "I'm excited to join the team and share Huron's commitment to identifying opportunities in the DSO space and building a world-class company."
Sean Roberts, Principal at Huron Capital, added, "Huron Capital is strongly committed to the dental space, and we continue to be excited about the long-term trends. This deal brings two strong organizations together under the DDPG banner, and we will continue to actively looking to grow the platform through similar affiliations in the future."
About Huron Capital
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through its proprietary ExecFactor® buy-and-build investment model. Huron prefers complex situations where it can help companies reach their full potential by combining its operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron has raised over $1.7 billion in capital through six committed private equity funds and invested in over 130 companies employing over 11,000 people. The Huron buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron targets fundamentally sound companies that can benefit from the firm's operational approach to creating value. Huron's sector focus includes business services, consumer products & services and specialty manufacturing. For more information, please visit www.huroncapital.com.
About Dynamic Dental Partners Group
Headquartered in St. Petersburg, FL, Dynamic Dental Partners Group (DDPG) is a dental service organization that provides administrative and operational support to dental practices through its integrated dental care delivery systems. Our affiliated dental offices develop excellent patient relationships driven by our hand-picked doctors who strive for clinical excellence and a "best-practices" approach to patient choices without increased cost or quality restrictions. We strive to maximize the integration of patient relationships, technologies and modern business efficiencies in a family-oriented practice environment. The result is a winning relationship between patients, dentists, team members and DDPG. Offices are located in FL, VA, AZ, TN, GA and KY.
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SOURCE Huron Capital