Investment Summary

APG Partners, Gemini Investors, Seacoast Capital and Capital Resource Partners Invests In Aspen Dental Management

On February 1, 2004, private equity firm APG Partners, private equity firm Gemini Investors, growth capital firm Seacoast Capital and private equity firm Capital Resource Partners invested in healthcare services company Aspen Dental Management, Inc. for 19M USD

Investment Highlights
  • This is APG Partners’ 1st, Gemini Investors’ 1st, Seacoast Capital’s 1st and Capital Resource Partners’ 2nd transaction in the Healthcare Services sector.
  • This is APG Partners’ 1st, Gemini Investors’ 2nd, Seacoast Capital’s 1st and Capital Resource Partners’ 2nd largest (disclosed) transaction.
  • This is APG Partners’ 1st, Gemini Investors’ 11th, Seacoast Capital’s 4th and Capital Resource Partners’ 18th transaction in the United States.
  • This is APG Partners’ 1st, Gemini Investors’ 1st, Seacoast Capital’s 1st and Capital Resource Partners’ 1st transaction in New York.
Investment Fate
  • Aspen Dental Management was sold to a financial buyer in 2006 for 91M USD.
  • Aspen Dental Management was sold to a financial buyer in 2010 for 548M USD.
  • Aspen Dental Management was recapitalized in 2015.
  • Aspen Dental Management was sold to a consortium of financial buyers in 2017.

Investment Summary

Date 2004-02-01
Target Aspen Dental Management, Inc.
Sector Healthcare Services
Investor(s) APG Partners
Gemini Investors
Seacoast Capital
Capital Resource Partners
Deal Type Growth Capital
Deal Value 19M USD

Target

Aspen Dental Management, Inc.

East Syracuse, New York, United States
website
Aspen Dental Management, Inc. is a dental practice management company that executes a unique retail healthcare delivery model focused on providing affordable, high-quality and comprehensive dental services.

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Investor(S) 4

Investor

APG Partners

San Juan Capistrano, California, United States

Investor

website


Category Private Equity Firm
Founded 2004
SizeSmall
Type Sector Agnostic
DESCRIPTION

APG Partners is a West-Coast US-based private equity firm that provides financing for recapitalizations and growth. APG will consider both majority and minority positions, seeking to commit $1 to $10 million of equity capital per transaction. Depending on the type of investment, prospective companies should be breakeven and have at least $10 million in annual revenue. APG's industry focus includes healthcare services, business services, financial services, consumer products, and manufacturing. Prospective opportunities are typically located in the Western US. APG Partners was formed in 2004 and is based in San Juan Capistrano, California.


DEAL STATS #
Overall 1 of 2
Sector (Healthcare Services) 1 of 1
Type (Growth Capital) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 2
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-03-01 Monaco Coach Corp.

Coburg, Oregon, United States

Monaco Coach Corp. is a manufacturer of a full line of luxury recreational vehicles ("RVs") in the High Line segment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Aspen Dental Management, Inc.

East Syracuse, New York, United States

Aspen Dental Management, Inc. is a dental practice management company that executes a unique retail healthcare delivery model focused on providing affordable, high-quality and comprehensive dental services.

Sell $91M
Investor

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 650M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 11 of 85
Sector (Healthcare Services) 1 of 9
Type (Growth Capital) 3 of 25
State (New York) 1 of 7
Country (United States) 11 of 85
Year (2004) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-05 HighJump Software, Inc.

Eden Praire, Minnesota, United States

HighJump Software, Inc. is a provider of supply chain management software that streamlines the flow of inventory and information from supplier to store shelf. HighJump Software was founded in 1983 and is based in Eden Praire, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-15 Endres Processing LLC

Rosemount, Minnesota, United States

Endres Processing LLC collects commercial bakery and other food by-products and recycles them into animal feed.

Buy $30M
Investor

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
SizeMiddle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 4 of 41
Sector (Healthcare Services) 1 of 3
Type (Growth Capital) 1 of 14
State (New York) 1 of 2
Country (United States) 4 of 41
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 Dynojet Research, Inc.

North Las Vegas, Nevada, United States

Dynojet is a manufacturer of aftermarket performance-enhancing automotive parts and accessories as well as diagnostic equipment for the Powersports industry. Dynojet was founded in 1972 and is based in North Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-02-06 Dynojet Research, Inc.

North Las Vegas, Nevada, United States

Dynojet is a manufacturer of aftermarket performance-enhancing automotive parts and accessories as well as diagnostic equipment for the Powersports industry. Dynojet was founded in 1972 and is based in North Las Vegas, Nevada.

Sell -
Investor

Capital Resource Partners

Wellesley, Massachusetts, United States

Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 1.1B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Capital Resource Partners (CRP) is a provider of debt and equity capital to lower middle-market companies throughout the United States. CRP typically provides $1 to $15 million of junior capital to support 'late-stage expansion, recapitalization, and incremental acquisition investments'. Target companies are generally profitable with at least $5 million in annual sales. Sectors of interest include business services, consumer products and services, healthcare services, proprietary industrial products and services, and software/information services. Capital Resource Partners was formed in 1987 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 18 of 40
Sector (Healthcare Services) 2 of 4
Type (Growth Capital) 7 of 16
State (New York) 1 of 2
Country (United States) 18 of 39
Year (2004) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-01 K2 Industrial Services, Inc.

Houston, Texas, United States

K2 Industrial Services, Inc. is a provider of industrial coatings, insulation, fireproofing, industrial cleaning, scaffolding, roofing, refractory, and metal building erection services. K2 Industrial Services, Inc. was founded in 1995 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-02 Aurora Equipment Co.

Tatamy, Pennsylvania, United States

Equipto engages in the material handling and storage industry that offers a broad range of products, sales engineering support, outstanding customer service, installation services and Made in the USA keep clients coming back. Equipto offers a broad range of solutions from shelving with drawers to general and specialty cabinets, mobile aisles, mezzanines, stairways, weapons storage systems, and much much more. Equipto was founded in 1907 and is based in Tatamy, Pennsylvania.

Buy -