Huron Capital Acquires Dynamic Dental Partners
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Huron Capital Acquires Dynamic Dental Partners

dynamic nfHuron Capital Partners has completed the first in a series of planned investments in the dental services industry with an investment in Dynamic Dental Partners.

Dynamic Dental Partners (DDP) is a dental services organization that provides operational support to a network of dental practices located in Florida, Arizona and Virginia. The company is based in Sarasota (www.ddpfl.com).

“We are thrilled to be partnering with Huron Capital,” said Dr. Alex Giannini, DDP’s CEO. “We see a significant opportunity to continue building DDP and are grateful to have a like-minded partner in Huron who can provide the capital and operational expertise necessary to help us do so. We anticipate making several more acquisitions to continue expanding our footprint and partnering with dentists to provide exceptional quality of care to as many patients as possible.”

Huron aligned with DDP’s management team to provide the investment necessary to bring together the current network of practices with capital reserved to fund future acquisitions. The transaction marks Huron’s second investment in the dental industry, having acquired a majority interest in short-term cosmetic orthodontics provider Six Month Smiles in January 2013. The dental market is a $119 billion industry and growing steadily according to IBISWorld. DDP was the first investment made through The Huron Fund IV, LP, a $500 million private equity fund which closed in January 2013.

“Huron identified the DSO market as an industry of focus nearly two years ago, and we have found an ideal platform on which to build in DDP,” said Huron Partner Nick Barker. “DDP has a deep and experienced management team with a long track record of successfully identifying and executing acquisitions in the dental market, and we are excited to be partnering with them to continue growing the business.”

Huron Capital Partners invests up to $70 million per transaction in middle market companies that have revenues up to $200 million and EBITDAs of $5 million or more. Sectors of interest include education & training, healthcare, specialty chemicals, specialty packaging, consumer products, home decor, business services, industrial manufacturing, food & beverage, and marketing services. Since its founding in 1999, Huron has acquired or invested in 62 companies with aggregate revenues in excess of $1 billion. The firm currently manages over $1.1 billion in committed equity through four private equity funds, and has offices in Detroit and Toronto (www.huroncapital.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 8-6-13

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