Spring & Sprout Dental Holdings, a portfolio company of Huron Capital Partners LLC, has agreed to buy Rising Stars Pediatric Dentistry. Financial terms weren’t announced. Austin-based Rising Stars provides pediatric dentistry.
DETROIT, Sept. 28, 2015 /PRNewswire/ — Huron Capital Partners LLC (“Huron Capital”) announced today that its portfolio company,Michigan-based Spring & Sprout Dental Holdings (“Spring & Sprout”), has entered into an affiliation with Austin, Texas-based Rising Stars Pediatric Dentistry (“Rising Stars”), marking a significant geographic expansion of the Spring & Sprout business.
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 6 affiliations in Michigan, Ohio, Tennessee, and now Texas.
“The addition of Rising Stars continues the expansion of our footprint into Austin and the state of Texas – a highly attractive market for Spring & Sprout,” said Michael Schwartz. “We have plans to continue our expansion efforts in Texas, and Rising Stars is an excellent start to this strategy.”
“We believe the dental services market shows great promise and we’re excited about this next step for Spring & Sprout,” said Nick Barker, Partner at Huron Capital. “We are excited to continue working with Michael and the team in our efforts to further expand the Spring & Sprout brand.”
About Huron Capital Partners
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 7,500 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, 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.