Smile Brands Inc., based in Irvine, California, announced that it has completed two add-on acquisitions, partnering with two leading dental groups to grow their businesses. Supporting 350 Bright Now!® Dental, Monarch Dental®, and Castle Dental® offices in 17 states, including Arizona, Arkansas, California, Colorado, Florida, Indiana, Maryland, New Mexico, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, and Washington, Smile Brands is a portfolio company of Gryphon Investors, a middle-market private equity firm based in San Francisco, CA.
A+ Dental Care (“A+”), now affiliated with Smile Brands, is a growing group dental practice with four locations. The group’s nine general dentists and three specialists serve Northern California. Smile Brands partnered with A+ to provide business support services to its original three A+ locations in March 2016 and supported A+ to acquire an additional location in November 2016. All five A+ partner dentists continue to lead A+’s growth in Northern California.
Smile Brands has also partnered with a group of three dental practices in Mountain View and Los Gatos, CA, which will now be collectively known as OneSmile Silicon Valley (“OSSV”). OSSV provides a full range of general dental services plus specialty services including endodontics, periodontics, OS, orthodontics, and complex implants. The 17-person staff includes six general dentists, six specialty dentists, and five hygienists. The founders of OSSV continue to lead OSSV’s growth in the Silicon Valley, CA area.
Smile Brands intends to grow these practices through additional add-on acquisitions and by leveraging the combined scale and operations.
Terms of the transactions were not disclosed.
Source: Business Wire, Smile Brands
