Cressey & Company has acquired Dental Services Group (DSG), a dental laboratory network, from Boulder Capital and The Edgewater Funds. DSG’s CEO Buddy Pickle and his management team will maintain their ownership positions in the company and remain in their management positions.
“All of DSG looks forward enthusiastically to partnering with Cressey & Company as we embark on the next stage of our company’s journey,” said Mr. Pickle. “Cressey brings to DSG their experience creating strategic and operational value in their portfolio companies.”
Dental Services Group (DSG) is a network of over 40 dental laboratories located in the United States and Asia. The company offers its more than 9,000 customers – which include dental practice management organizations, independent dentists, universities and hospitals – a variety of options in fixed, removable, implant, orthodontics and sleep dentistry products and services. The company was founded in 1989 and is headquartered in Minneapolis (www.dentalservices.net).
“DSG is at the forefront of a dynamic market that is increasingly focused on high quality, cost effective products delivered in a timely fashion,” said Bryan Cressey, Partner at Cressey & Company. “Buddy Pickle and his team have built DSG into a provider of choice and laid a strong foundation for continued growth. We share the company’s vision for the future and will ensure it has the resources and skills it needs to fulfill its promise to customers.”
Cressey & Company makes equity investments of $5 million to $100 million in healthcare services, providers and facilities that have at least $5 million of EBITDA. The firm has offices in Chicago and Nashville (www.cresseyco.com).
Cressey & Company was advised on this transaction by Ropes & Gray as legal advisor and PricewaterhouseCoopers advised Dental Services Group on accounting and taxes.
© 2015 PEPD • Private Equity’s Leading News Magazine • 3-6-15