M&A Deal Summary

Comvest Partners Acquires Riccobene Associates Family Dentistry

On November 4, 2024, private equity firm Comvest Partners acquired healthcare services company Riccobene Associates Family Dentistry from Beekman Group

Acquisition Highlights
  • This is Comvest Partners’ 9th transaction in the Healthcare Services sector.
  • This is Comvest Partners’ 59th transaction in the United States.
  • This is Comvest Partners’ 4th transaction in North Carolina.

M&A Deal Summary

Date 2024-11-04
Target Riccobene Associates Family Dentistry
Sector Healthcare Services
Buyer(s) Comvest Partners
Sellers(s) Beekman Group
Deal Type Secondary Buyout
Advisor(s) William Blair (Financial)

Target

Riccobene Associates Family Dentistry

Cary, North Carolina, United States
Riccobene Associates Family Dentistry is a provider of comprehensive general and multi-specialty dental services through modern, well-appointed dental offices including several dedicated pediatric and orthodontic practices. Riccobene Associates Family Dentistry was founded in 2000 and is based in Cary, North Carolina.

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Buyer(S) 1

Buyer

Comvest Partners

West Palm Beach, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Comvest Partners' headquarters in West Palm Beach, Florida.
Comvest Partners' headquarters in West Palm Beach, Florida.

Comvest Partners is a private investment firm that provides equity and debt capital to middle-market companies across North America. Comvest funds a variety of investment situations, including buyouts, divestitures, recapitalizations, consolidations, take privates, and turnarounds. Sectors of interest include business services, information services, education, financial services, healthcare services, software, IT, and transportation. For equity investments, Comvest prefers control and looks to invest $50 to $150 million per transaction. For debt needs, Comvest seeks to provide $25 to $250 million per transaction. Comvest Partners was formed in 2000 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 60 of 60
Sector (Healthcare Services) 9 of 9
Type (Secondary Buyout) 11 of 11
State (North Carolina) 4 of 4
Country (United States) 59 of 59
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-15 TFS

Perrysburg, Ohio, United States

TFS optimizes material handling equipment fleets by providing turnkey fleet management services for Fortune 1000 companies and large manufacturing & distribution companies throughout North America. The company's analysts utilize a centralized, streamlined fleet management model to consistently generate significant improvements and cost savings across the full life cycle of the fleets they manage. TFS is based in Perrysburg, Ohio.

Buy -

Seller(S) 1

SELLER

Beekman Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Beekman Group, LLC is a private equity firm that invests in small to mid-sized healthcare, consumer, business, and financial services companies. TBG focuses on companies with revenues between $10 to $300 million. Beekman looks to invest $20 to $150 million per transaction. Specific areas of interest include hospital services, dental services, home care, outsourcing services, restaurants, specialty retail, consumer packaged goods, food and food services, infrastructure, education and training, logistics and distribution, insurance, specialty finance, community banking, and asset management. Target transaction types include MBOs, recapitalizations, consolidations, growth capital financings, corporate spin-offs, and special situations. The Beekman Group was formed in 2004 and is based in New York City.


DEAL STATS #
Overall 9 of 9
Sector (Healthcare Services) 3 of 3
Type (Secondary Buyout) 5 of 5
State (North Carolina) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Active Pro Rehab Partners

Cranford, New Jersey, United States

Active Pro Rehab Partners is a provider of physical and occupational therapy services through its highly qualified, licensed professionals. Active Pro Rehab Partners was established in 1980 and is based in Cranford, New Jersey.

Sell -