PE-backed Foundation Dental Partners acquires two dentistry practices

Foundation Dental Partners, which is backed by Keystone Capital, has acquired two general dentistry practices in the metro Atlanta market.

Foundation Dental Partners, which is backed by Keystone Capital, has acquired two general dentistry practices in the metro Atlanta market. No financial terms were disclosed. Winttrust Bank provided senior debt financing on the deal.

PRESS RELEASE

Keystone Capital, Inc. (“Keystone”) is pleased to announce that its portfolio company, Foundation Dental Partners (“Foundation”), has recently completed two practice acquisitions. The practices, which both provide general dentistry services in the metro Atlanta market, will continue to operate under their existing brand names while leveraging strategic, administrative, and back office support from Foundation.

“We are excited to complete these partnerships and further expand Foundation’s presence in Georgia,” commented Kevin Overby, Vice President at Keystone. “While the market environment has presented challenges in recent months, we continue to support the management team’s vision of building Foundation into a leading, dentist-friendly support organization.”
Keystone and Foundation continue to actively seek acquisitions of single and multi-location, private-pay general dentistry practices with a focus on the Southeastern U.S. Parties with knowledge of potential opportunities are encouraged to contact Kevin Overby at Keystone.

Terms of the transactions are not being disclosed. Senior debt financing was provided by Wintrust Bank and legal counsel was provided to Keystone by Honigman LLP.

About Keystone Capital
Keystone Capital, Inc. is a private investment firm based in Chicago, Illinois. Formed in 1994, its mission is to acquire and build a portfolio of exceptionally high quality, mid-sized businesses that are leaders in their niche markets. Keystone is differentiated by its investment of personal as opposed to third-party capital, which results in investment horizon flexibility and an ability to enter into true long-term operating partnerships with the professional management teams of its companies.