Young Innovations, a portfolio company of The Jordan Company, has acquired Crystal Tips, a supplier of dental products.
Crystal Tips is a supplier of disposable air/water syringe tips and adapters. Company-owned brand names include Crystal Tips, Starz Tipz, Natures Tip, Biofree Tips and Ecosmart Tips. Crystal Tips is headquartered in Irvine, CA (www.crystaltip.com).
Young Innovations develops, manufactures and sells preventive, restorative, orthodontic and endodontic supplies and equipment used by dentists, hygienists, dental assistants and consumers.
The company’s products include disposable and metal prophy angles (used tool for tooth polishing), prophy cups and brushes, dental micro-applicators, moisture and infection control products, orthodontic toothbrushes, flavored examination gloves, and children’s toothbrushes and toothpaste. In addition, the company offers a line of diagnostic products that includes panoramic X-ray machines and related supplies. Young Innovations, led by CEO Dave Sproat, is based in Algonquin, IL (www.younginnovations.com).
“Crystal Tips and its diverse brands are a welcome addition to our growing portfolio of clinically differentiated products,” said Mr. Sproat. “Crystal Tips’ commitment to safe and sustainable dentistry through innovative product solutions aligns well with our core values and focus.”
“This acquisition represents a great outcome for Young Innovations and the shareholders, employees and partners of Crystal Tips,” said Andrew Jones, vice president of corporate development at Young Innovations. “We will continue to grow our business while providing business owners with exit and liquidity options in an increasingly complex and competitive global environment.”
“We are incredibly proud of the success we’ve had building the company and developing an expertise in air/water syringe systems and safety over the years,” said Donovan Berkely, CEO and owner of Crystal Tips. “We believe Young Innovations is the best partner to carry the brands to an even broader group of clinical professionals who care about delivering high-quality dentistry using the safest products.”
In October 2017, The Jordan Company acquired a majority equity interest in Young Innovations from Linden Capital Partners, which remains an investor in the company.
The Jordan Company is a middle-market private equity firm with over $6 billion of assets under management. The firm was founded in 1982 and is headquartered in New York with an additional office in Chicago (www.thejordancompany.com).
Linden Capital Partners is focused exclusively on leveraged buyouts in the healthcare and life science industries with a specific interest in medical products, specialty distribution, pharmaceutical, and services segments of healthcare. In May 2018, Linden closed its fourth private equity fund, Linden Capital Partners IV LP, at the hard cap of $1.5 billion. The firm is based in Chicago (www.lindenllc.com).
Irvine, CA-based Keystone Capital (www.keystone-cap.com) was the financial advisor to Crystal Tips on this transaction.
© 2019 Private Equity Professional | May 1, 2019