Linden Capital Partners Acquires Northwestern Management Services

Northwestern Management Services (NMS), which provides management and administrative services and facilities for the Gentle Dental Group, has been sold to Linden Capital Partners, a healthcare focused middle market private equity firm. NMS was majority owned by the Beekman Group and its founder David Willens. Gentle Dental Group, another portfolio company of the Beekman Group, has also been sold to Dental services business Gentle Dental has been sold to Linden Capital Partners. Terms of both deals were not disclosed.


NEW YORK, Oct 10, 2012 (BUSINESS WIRE) — The Beekman Group (“Beekman”) announced the closing of the sale of Northwestern Management Services, LLC (“NMS”) to Linden Capital Partners, a leading healthcare-focused middle market investment firm.

Founded in 2002 by CEO David A. Willens, NMS provides management and administrative services and facilities for the Gentle Dental Group and has grown into the largest dental practice management company exclusively operating in Florida. Gentle Dental provides comprehensive general, cosmetic and specialty dental services through its network of 21 locations. The Beekman Group partnered with Mr. Willens and acquired a majority interest in NMS in December 2007.

During Beekman’s investment period, the NMS platform grew from 10 to 21 fully-operational locations, more than doubling revenues and tripling profitability, while reinvesting substantially in the Company’s infrastructure and adding key senior executives to the management team. These efforts, together with strong execution by management, resulted in a successful investment for both Beekman and NMS management, generating an approximate 6x return on invested capital in slightly less than five years.

David Willens said, “The Beekman Group has been a tremendous partner over the last five years. Their experience working alongside middle-market entrepreneurs proved invaluable to our team as we built an enduring platform and executed on a rapid growth plan through both new location openings and acquisitions. I look forward to future opportunities to work with them to build another great company.”

John G. Troiano, Managing Partner of The Beekman Group commented, “We are pleased to have partnered with David and the NMS management team in building a leading dental practice management platform in an attractive region. NMS represents another example of Beekman sourcing a promising small business and partnering with owner-managers to significantly grow their operations, despite the tough Florida economy. We wish Linden much success with its investment.”

NMS is the second exit for Beekman’s first private equity fund, closed in July 2006. Together with its first exit, The Beekman Group has returned approximately 140% of total invested capital, and still holds interests in four other portfolio companies.

About Northwestern Management Services

Northwestern Management Services LLC manages a network of 21 retail-driven general and multi-specialty dental practices located in Southeast Florida operating under the brand name Gentle Dental. The group’s dental practices provide comprehensive general, specialty and cosmetic dental services in a super-convenient “one-stop” format with the slogan “All Dentistry…One Place”. For more information, please visit .

About The Beekman Group

The Beekman Group ( ) is a leading private equity firm dedicated to bringing financial and operational resources to lower middle-market companies. Beekman’s team consists of experienced private equity professionals, as well as a select group of Industry Operating Partners who are leading executives in Beekman’s targeted industry segments. This Industry Partner approach to investing is the cornerstone of Beekman’s investment strategy — creating value through accelerating growth in partnership with small and middle-market management teams.

SOURCE: The Beekman Group