Rodeo Dental, pediatric dental group, seeks growth capital

  • Rodeo operates 20 locations in Texas
  • Founded ’08 by Drs. Dugoni, Mansour and Zarrabi
  • Recent activity: RiverGlade buys Sterling’s Kids Care Dental; MBF Healthcare forms Rose Dental

Rodeo Dental & Orthodontics, a largely pediatric-focused dental service organization, is seeking growth capital, according to three people familiar with the matter.

Houlihan Lokey is providing financial advice to the company, the people said.

The process is underway and management meetings are ongoing, they said. A number of financial sponsors have shown interest in the Fort Worth, Texas, dental provider, one of the people added.

Rodeo is being marketed off an adjusted run rate Ebitda figure of some $23 million, two of the people said.

Rodeo, with 20 offices in Texas, provides pediatric and family dentistry, orthodontics, cosmetic dentistry, oral surgery and endodontics, as well as emergency service for unexpected dental accidents and surgeries.

In addition to emphasizing tech-enabled dental equipment and media, Rodeo’s offices include a play gym for kids, movie theater with surround sound, an arcade and EyeClick-interactive gaming projector system, its website says.

The dental-care provider was founded in 2008 by Drs. Brian Dugoni, Yahya Mansour and Saam Zarrabi. Ben Rouse holds the CEO post.

In dental activity year-to-date, Sterling Partners sold Northern California-focused Kids Care Dental & Orthodontics to RiverGlade Capital.

In other recent platform deals, MBF Healthcare Partners in October invested in Rose Dental Group of Austin and formed Strive Dental Management.

New Mountain Capital last year evaluated a sale of Western Dental & Orthodontics via Deutsche Bank and Moelis, Buyouts reported. While the process has not produced a sale, the platform earlier this month bought Guardian Life Insurance’s DSO.

Rodeo executives couldn’t be reached. A Houlihan Lokey representative declined comment.

Action Item: Reach out to Rodeo’s Fort Worth office at +1 817-380-5574