Michigan-based Spring & Sprout Dental Holdings Inc, Huron Capital Partners LLC‘s platform for acquiring dental practices, acquired Ohio-based Dan German Orthodontics. Terms of the transaction were not disclosed.
DETROIT, March 15, 2016 /PRNewswire/ — Huron Capital Partners LLC (“Huron Capital”) announced today that Beavercreek, OH-based Dan German Orthodontics has become an affiliate of Michigan-based Spring & Sprout Dental Holdings, Inc. (“Spring & Sprout”), a Huron Capital portfolio company. This marks the second significant affiliation for the Spring & Sprout pediatric dental group in the past month.
Spring & Sprout was founded in 2014 as a Huron Capital ExecFactor® partnership with CEO and dental industry veteran Michael Schwartz. Since that time, Spring & Sprout has completed eight affiliations in Michigan, Ohio, Tennessee, Texas, and Pennsylvania.
“With a well-established presence in Dayton, Dan German Orthodontics is a meaningful addition to the Spring & Sprout platform,” said Schwartz. “We welcome Dr. Dan German and Dr. Michelle Furlong to the Spring & Sprout team, as it enhances our presence in Ohioand in the Midwest.”
“Having just completed an affiliation with Rich Orthodontics in February, the Spring & Sprout platform continues to expand,” said Nick Barker, Partner at Huron Capital. “We are excited to continue working with Michael and the team and look forward to seeking additional partnership opportunities for Spring & Sprout.”
About Huron Capital Partners LLC
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.1 billion in capital through four committed private equity funds and invested in over 100 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital ExecFactor® buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital’s sector focus includes specialty manufacturing, business services, consumer goods & services, and healthcare. For more information, please visit www.huroncapital.com.
About Spring & Sprout Dental Holdings
Spring & Sprout is a dental support organization formed to provide practice support services to dental specialists in Pediatric Dentistry and Orthodontics. With offices in Michigan, Ohio, Pennsylvania, Tennessee, and Texas, the Spring & Sprout network of specialists is dedicated to giving children healthy smiles from birth to braces. For more information, visit springandsprout.com.