The Riverside Company has sold G&H Orthodontics, a manufacturer and distributer of orthodontic components, to Altaris Capital Partners.
G&H’s products include orthodontic brackets, bands, tubes, wires, springs, elastomerics, and other consumable supplies. The company sells its products throughout the US and to customers in more than 90 other countries. G&H was founded in 1976 and is headquartered just south of Indianapolis in Franklin, IN (www.ghorthodontics.com).
The Riverside Company acquired G&H Orthodontics in December 2010 from the Edgewater Funds. During the course of its ownership, Riverside completed two add-on acquisitions that added new product lines and distribution channels to the company as well as new customers and cross-selling opportunities. The largest add-on was the August 2012 acquisition of Vista, CA-based Orthodontic Design and Production, a manufacturer of orthodontic brackets, bands and buccal tubes.
“G&H was poised for both organic and add-on growth at the time of our investment,” said Riverside Managing Partner Suzy Kriscunas. “We were able to partner with a strong management team and provide the capital and expertise to get them to the next level.”
The Riverside Company is a global private equity firm focused on investing in and acquiring growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 480 transactions and its portfolio includes more than 80 companies. The firm is headquartered in New York with 16 additional US and international offices (www.riversidecompany.com).
“We were able to identify ways to strengthen customer relationships and channels, improve pricing and expand G&H’s unique product offerings,” said Riverside Partner Meranee Phing. “Riverside also helped G&H implement metrics-driven management, consolidate the company’s physical footprint and drive significant manufacturing efficiencies.”
Working with Ms. Kriscunas and Ms. Phing on the transaction for Riverside were Vice President Conner Harris, Senior Associate Marc Baudry, Senior Associate John Ribble, Operating Partner George Benson and Finance Executive Allison Zabransky.
Altaris Capital Partners, the buyer of G&H Orthodontics, invests from $15 million to $50 million of equity in companies that operate across the healthcare industry, including the pharmaceuticals, medical devices, services and IT sectors. The firm is headquartered in New York (www.altariscap.com).
Piper Jaffray (www.piperjaffray.com) and Houlihan Lokey (www.HL.com) advised Riverside on this transaction.
© 2017 Private Equity Professional | September 26, 2017
