Riverside creates new managed IT and cybersecurity platform, Gryphon’s Smile Brands buys Midwest Dental, Strattam’s Blacksmith tacks on TABs Analytics, healthcare-only bank Westcove launches

Gryphon Investors’ Smile Brands completes buyout of Midwest Dental and Strattam Capital-backed Blacksmith Applications is set to acquire TABS Analytics.

It’s hump day, hubsters!

In today’s highlights, Riverside Partners is building out a managed IT and cybersecurity services platform as it combines Grade A and Convergence Networks, the firm told PE Hub.

The founders of the pair of companies had known one another for over 10 years and shared a lot of best practices, according to David Del Papa, general partner at Riverside.

“So even before the actual combination has happened, the businesses had a lot of common platforms, values, and culture, which got us excited,” the investor said.

Read Milana Vinn’s full story on PE Hub.

Platform activity: Gryphon Investors’ Smile Brands has completed the acquisition of Midwest Dental – increasing its scale and footprint by over 50 percent, according to the buyer’s CEO Steve Bilt. As one of the largest DSOs [dental services organizations] in the country, the acquisition creates a combined company with over 650 offices and over 8,000 employees, including 2,200 dentists and hygienists across 30 states.

Former owner FFL Partners bought Midwest in April 2011 from Cressey & Co. Read PE Hub’s brief on the deal.

In tech portfolio activity, Strattam Capital-backed Blacksmith Applications is set to acquire TABS Analytics, sources familiar with the deal told PE Hub. The signed deal for the add-on scored a nearly $70 million value, the people said.

According to one of the sources, TABS, based in Shelton, Connecticut, is one of the leading providers of marketing and data analytics for the CPG industry, offering complementary technology to Blacksmith, which is set to enhance its marketing capabilities. Read more.

New on the scene: Seasoned healthcare banker Justin Hand recently launched Westcove Partners, an investment bank that specializes in advising healthcare organizations throughout the Western US.

“We’re really thinking about ourselves as the founders’ investment bank,” Hand told me recently. Read more about Hand’s new boutique bank.

That’s it for me today. As always, write to me at springle@buyoutsinsider.com with any tips, feedback or just to say hello.

Note to Readers: It’s that time of year … for the 21st time, the editors of PE Hub and Buyouts honor exceptional buyouts with our Deal of the Year Awards.
Winners are chosen in seven categories: Deal of the Year, Large-Market Deal of the Year, Middle-Market Deal of the Year, Small-Market Deal of the Year, Turnaround of the Year, International Deal of the Year, and Secondaries Deal of the Year.

Go here for more information and to read about rules and methodology. Also check out past winners. Last year, New Mountain took the crown with its exit of Equian.

If you have additional questions, email Private Equity Editor Chris Witkowsky at cwitkowsky@buyoutsinsider.com.