DETROIT, Feb. 22, 2016 /PRNewswire/ -- Huron Capital Partners LLC ("Huron Capital") announced today that Philadelphia, PA-based Rich Orthodontics has become an affiliate of Michigan-based Spring & Sprout Dental Holdings, Inc. ("Spring & Sprout"), a Huron Capital portfolio company. This marks the second significant geographic expansion of the Spring & Sprout pediatric dental group in the past six months.
Spring & Sprout was founded in 2014 as a Huron Capital ExecFactor® partnership with CEO and dental industry veteran Michael Schwartz. Since that time, Spring & Sprout has completed seven affiliations in Michigan, Ohio, Tennessee, Texas, and now Pennsylvania.
"The addition of Rich Orthodontics continues Spring & Sprout's geographic expansion, after having entered the Texas market in September," said Michael Schwartz. "Now that we have entered Pennsylvania, we will turn our attention to entering other geographies by affiliation and pursuing opportunities for organic growth throughout the network."
"With seven offices in the Philadelphia area, Rich Orthodontics is a meaningful addition to the Spring & Sprout platform," said Nick Barker, Partner at Huron Capital. "We are excited to continue working with Michael and the team in our efforts to further expand the Spring & Sprout family of organizations."
About Huron Capital Partners LLC
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.1 billion in capital through four committed private equity funds and invested in over 100 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital ExecFactor® 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 Capital's sector focus includes specialty manufacturing, business services, consumer goods & services, and healthcare. For more information, please visit www.huroncapital.com.
About Spring & Sprout Dental Holdings
Spring & Sprout is a dental support organization formed to provide practice support services to dental specialists in Pediatric Dentistry and Orthodontics. With offices in Michigan, Ohio, Pennsylvania, Tennessee, and Texas, the Spring & Sprout network of specialists is dedicated to giving children healthy smiles from birth to braces. For more information, visit www.springandsprout.com.
SOURCE Huron Capital Partners LLC