The Riverside Company has sold Franklin, Indiana-based G&H Orthodontics, a maker of clinical orthodontic products. The buyer was Altaris Capital Partners. No financial terms were disclosed. Jones Day, Piper Jaffray and Houlihan Lokey advised Riverside on the deal while Golub Capital provided financing for the transaction.
The Riverside Company has sold G&H Orthodontics (G&H) of Franklin, Indiana to Altaris Capital Partners. G&H designs, manufactures, and distributes clinical orthodontia products.
In business for more than 40 years, G&H offers a full line of American-made brackets, bands, tubes, wires, springs, elastomerics, and other orthodontic supplies to customers in more than 90 countries.
After investing in G&H in 2010, Riverside helped G&H become a comprehensive provider of a wide array of orthodontic components. Key to this effort were two add-on acquisitions that added entirely new product lines and distribution channels while delivering new customers and cross-selling opportunities.
“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.”
Riverside sourced and integrated the two add-ons while applying its considerable operating resources to help capture new opportunities.
“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 Kriscunas and 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.
Jones Day, Piper Jaffray and Houlihan Lokey advised Riverside on the transaction. Golub Capital provided financing for the transaction.
The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 480 transactions. The firm’s international portfolio includes more than 80 companies.