Brentwood Associates has acquired Jefferson Dental Care from Black Canyon Capital. No financial terms were disclosed. Moelis & Company L.L.C. advised Jefferson on the transaction while O’Melveny & Myers provided legal counsel. And, Kirkland & Ellis LLP represented Brentwood on the deal. Jefferson is a provider of dental clinics in Texas.
LOS ANGELES–(BUSINESS WIRE)–Brentwood Associates, a leading consumer-focused private equity investment firm (“Brentwood”), announced it has acquired Jefferson Dental Care (“Jefferson” or the “Company”) from Black Canyon Capital. Jefferson Dental Care is a leading dental support organization with affiliated clinics throughout Texas that offer a broad range of general dentistry, orthodontic, and other specialty dental services. The Company is led by Chief Executive Officer Chris Strong, who has been with the Company since 2012 and will continue to lead the business going forward.
Founded in 1967, Jefferson currently supports 53 clinics focused on providing high-quality patient care in the Dallas/Fort Worth and Houston metropolitan areas. Over the last 50 years, Jefferson has expanded from a single clinic affiliation into a scalable, multi-practice platform, while establishing a strong reputation of trust and commitment to quality care within the communities it serves. Led by an experienced and passionate management team, the Company provides best-in-class marketing and non-clinical operational support to its affiliated clinics and is well positioned to expand its existing footprint in the dental services market.
Commenting on the new partnership, CEO Chris Strong said, “We are excited to begin our new partnership with Brentwood. Their extensive experience and track record of success with multi-unit location businesses will be a great asset as we seek to expand into new geographies while continuing the robust growth in our core markets.” Strong continued, “We will continue to build upon Jefferson’s scalable infrastructure and our team is committed to providing the highest quality service and support to our affiliated clinics and their patients.”
Eric Reiter, partner at Brentwood, commented, “Jefferson’s business model fits well with our strategy of investing in growing, best-in-class, consumer-facing businesses with strong brand recognition and high customer retention. We will continue to support the Company’s growth in areas such as site selection and de novo unit development, digital and direct marketing, and add-on acquisitions.”
Steve Moore, partner at Brentwood, added, “We look forward to working with Chris and the Jefferson leadership team to build upon their tremendous success and the strong reputation they have established in the markets they serve. The Company’s culture of training and mentorship, its data-driven approach to operations, and its investments in infrastructure have created an extraordinary platform for continued growth.”
Jefferson was advised by Moelis & Company, L.L.C., and its legal counsel was O’Melveny & Myers. Brentwood was represented by Kirkland & Ellis LLP. Ares Capital Corporation provided the debt financing supporting the acquisition.
ABOUT JEFFERSON DENTAL CARE
Jefferson Dental Care is a leading dental support organization with 53 affiliated clinics throughout Texas. Jefferson’s affiliated clinics offer a broad range of general dentistry, orthodontic, and other specialty dental services, and are committed to providing high quality and affordable care. For more information about Jefferson, please visit www.jeffersondentalclinics.com.
ABOUT BRENTWOOD ASSOCIATES
Brentwood Associates is a leading consumer-focused private equity investment firm with a 30+ year history of investing in leading middle-market growth companies. Brentwood focuses on investments in growing businesses where it is able to leverage its extensive experience in areas such as: multi-location strategies, including specialty retail and restaurants; consumer services; direct marketing, including direct mail and e-commerce; health and wellness; and education. Since 1984, Brentwood’s dedicated private equity team has invested in over 50 portfolio companies with an aggregate transaction value of over $6 billion. With significant experience in both investing and brand building, Brentwood is a value-added partner with entrepreneurs and senior management teams building world-class companies. For more information about Brentwood, please visit www.brentwood.com.
ABOUT BLACK CANYON CAPITAL
Black Canyon is a Los Angeles-based private capital firm focused on investing in control and non-control private equity and structured debt financings. Since its inception in September 2004, Black Canyon has completed more than $1 billion of equity and debt investments. More information can be found at www.blackcanyoncapital.com.