Young Innovations, a portfolio company of The Jordan Company, has acquired Preat Corporation, a provider of dental implant components, attachments and tools.
Preat was founded in 1980 by Thomas Bormes and is headquartered north of Los Angeles in Santa Maria, California. President Chris Bormes, the son of the founder, will continue to lead the business under Young Innovations ownership.
“Preat represents an exciting expansion in the implant prosthetic sector with a great track record of growth. This acquisition builds upon our strategy to make it easier for the dentist, periodontist and surgeon to incorporate implants and surgical procedures into their practices,” said Dave Sproat, CEO of Young Innovations.
Young Innovations develops and manufactures preventive, restorative, orthodontic and endodontic supplies and equipment used by dentists, oral surgeons, periodontists, 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 is headquartered northwest of Chicago in Algonquin, Illinois.
“Our acquisition of Preat reflects our continued commitment to invest in the growing area of implant-related and oral surgery products,” said Dan Garrick, vice president of corporate development at Young Innovations. “Preat’s ‘one-stop-shop’ product line for implant restoration represents an excellent addition to our portfolio as we move toward a full range of products in the oral rehabilitation segment.”
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. Linden first invested in Young Innovations in January 2013.
Jordan has closed several add-on acquisitions for Young Innovations including PuraGraft (November 2019), Germiphene Corporation (June 2019), Crystal Tips (April 2019), Johnson-Promident (July 2018) and Mydent International (January 2018).
The Jordan Company is a middle-market private equity firm that invests in a range of industries including industrials, transportation and logistics, healthcare, consumer, telecom, technology, and utilities. The firm was founded in 1982 and is headquartered in New York City with an additional office in Chicago.
© 2020 Private Equity Professional | November 11, 2020