Clairvest invests $32m in dental service organization Bluetree

• Bluetree was founded in 2012 by Steve DeLong, Brent Corbridge and Lance Bruntz, all of whom have rolled equity alongside Clairvest
• Management will maintain control post-closing
• Bluetree will use the partnership with Clairvest to accelerate growth

Canadian private equity firm Clairvest Group has invested $32 million in Bluetree Dental, a Reno, Nevada-based multi-specialty, pediatric and orthodontics-focused dental service organization.

Bluetree was founded in 2012 by Steve DeLong, Brent Corbridge and Lance Bruntz, all of whom have rolled equity alongside Clairvest in the deal. Management will maintain control post-closing.

Bluetree Dental has 45 plus offices centered in the Mountain West region of the US. It will use the partnership with Clairvest to accelerate growth

On the investment, Robbie Isenberg, managing director of Clairvest, said in a statement: “We have known the Bluetree management team for over three years and we are excited to partner with these owner-operators who share an aligned vision. The company has shown impressive growth over the past few years and the team has a strong track record of building a scalable platform.”

The Bluetree investment represents Clairvest’s second partnership in the dental industry.

Based in Toronto, Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners funds in owner-led mid-market businesses. It has more than C$3.3 billion of capital under management.