M&A Deal Summary

BlackRock LTPC Acquires Lone Peak Dental Group

On January 31, 2024, private equity firm BlackRock LTPC acquired healthcare services company Lone Peak Dental Group from Tailwind and Apogem Capital

Acquisition Highlights
  • This is BlackRock LTPC’s 2nd transaction in the Healthcare Services sector.
  • This is BlackRock LTPC’s 8th transaction in the United States.
  • This is BlackRock LTPC’s 1st transaction in Colorado.

M&A Deal Summary

Date 2024-01-31
Target Lone Peak Dental Group
Sector Healthcare Services
Buyer(s) BlackRock LTPC
Sellers(s) Tailwind
Apogem Capital
Deal Type Secondary Buyout

Target

Lone Peak Dental Group

Englewood, Colorado, United States
Lone Peak Dental Group is a dental services organization focusing on the underserved pediatric market segment. Lone Peak Dental Group was founded in 2003 and is based in Englewood, Colorado.

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Buyer(S) 1

Buyer

BlackRock LTPC

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 320M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BlackRock LTPC is the direct investing arm of asset manager and financial services company BlackRock. The Group looks to make long-term, control investments of at least $500 million in large companies throughout North America and Western Europe. BlackRock LTPC is based in New York, New York.


DEAL STATS #
Overall 11 of 12
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 6 of 6
State (Colorado) 1 of 1
Country (United States) 8 of 9
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Creed

New York, New York, United States

Creed is a luxury heritage fragrance company that possesses a distinct collection of timeless and sophisticated perfumes, including the iconic Aventus. Creed was founded in 1760 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 Willow

Boston, Massachusetts, United States

Willow is a wealth tech platform that powers financial advisors' acquisition, growth, and retention of tomorrow's investors. Through the company's education, coaching, and marketing platform, advisors gain the knowledge, skills, and tools needed to acquire and better serve modern clients and align their financial plans with their values. Willow is based in Boston, Massachusetts.

Buy -

Seller(S) 2

SELLER

Tailwind

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tailwind is an independent private equity firm focused on making control investments in companies operating in the healthcare, media/communications, and business services sectors. Tailwind looks to invest $25 to $200 million in profitable businesses valued above $500 million. The Firm seeks companies with proven business models and strong opportunities for growth, either organically or through acquisition. Tailwind Capital was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 32 of 33
Sector (Healthcare Services) 3 of 3
Type (Secondary Buyout) 12 of 13
State (Colorado) 2 of 3
Country (United States) 32 of 33
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-11 Ventiv Technology

Atlanta, Georgia, United States

Ventiv Technology is a software provider of Integrated Risk Management (“IRM”) solutions for enterprises and government entities. Its software platform enables enterprises to manage incidents and claims and evaluate, mitigate, and monitor risks with analytics, data-discovery, and reporting capabilities. Ventiv Technology. was founded in 1994 and is based in Atlanta, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Loenbro

Westminster, Colorado, United States

Loenbro is a provider of specialized services to the energy, industrial, and infrastructure markets. Its range of service offerings includes inspection, industrial maintenance, instrumentation and electrical, industrial insulation and coatings, pipeline construction, and other complementary specialty services. Loenbro was formed in 1998 and is based in Black Eagle, Montana.

Sell -
SELLER

Apogem Capital

Chicago, Illinois, United States

Category Asset Manager
Founded 2001
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apogem Capital is a diversified alternative investment manager and subsidiary of insurance provider, New York Life. Apogem manages a variety of investment strategies including private equity, private credit, and real assets. Within private equity, the Firm looks to make fund, direct, and secondary investments, as well as acquire GP stakes. Within its direct investing activity, Apogem targets mid-sized companies valued up to $250 million and will consider businesses throughout North America and Europe. Apogem Capital formed as the result of New York Life combining PA Capital, Madison Capital Funding, and Goldpoint Partners into one entity. Apogem Capital is based in New York City.


DEAL STATS #
Overall 50 of 52
Sector (Healthcare Services) 2 of 2
Type (Secondary Buyout) 24 of 25
State (Colorado) 2 of 2
Country (United States) 50 of 52
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 TIPCO Technologies

Owings Mills, Maryland, United States

TIPCO is a value-added distributor of fluid conveyance and sealing solutions, operating from 30 strategic locations across the United States. The Company serves a variety of end markets including infrastructure, manufacturing, transportation, government, agriculture/forestry, and energy. TIPCO Technologies was founded in 1888 and is based in Owings Mills, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-08 Trexon

Macedonia, Ohio, United States

Trexon is a designer and specialty distributor of high performance, ruggedized wire, cable, connectors, and assembled products. TPC's highly engineered products transmit power and signal in critical applications such as robotic manufacturing systems and temporary power for auto plants, mines, factories, and other harsh industrial environments. Trexon was founded in 1979 and is based in Macedonia, Ohio.

Sell -