M&A Deal Summary

Heartland Dental Acquires American Dental Partners

On May 14, 2021, Heartland Dental acquired healthcare services company American Dental Partners from JLL Partners

Acquisition Highlights
  • This is Heartland Dental’s 2nd transaction in the Healthcare Services sector.
  • This is Heartland Dental’s 2nd transaction in the United States.
  • This is Heartland Dental’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2021-05-14
Target American Dental Partners
Sector Healthcare Services
Buyer(s) Heartland Dental
Sellers(s) JLL Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams & Co. (Financial)

Target

American Dental Partners

Wakefield, Massachusetts, United States
American Dental Partners is a dental practice management company that provides business services to medically-oriented, multi-specialty dental groups, with over 270 facilities across more than 20 states. ADPI was formed in 1995 and is based in Wakefield, Massachusetts.

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Buyer(S) 1

Buyer

Heartland Dental

Effingham, Illinois, United States

Category Company
Founded 1997
Sector Healthcare Services
DESCRIPTION

Heartland Dental is a dental support organization, providing non-clinical administrative support services to over 840 offices and more than 1,300 supported dentists across 35 states. Heartland Dental partners with its supported dentists to deliver high quality care across the full spectrum of dental services. Heartland Dental was founded in 1997 and is headquartered in Effingham, Illinois.


DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-25 My Dentist Holdings

Oklahoma City, Wisconsin, United States

My Dentist Holdings LLC is a retail dental practice management company that owns and operates more than 20 free-standing office locations in the United States.

Buy -

Seller(S) 1

SELLER

JLL Partners

New York, New York, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.


DEAL STATS #
Overall 19 of 22
Sector (Healthcare Services) 4 of 4
Type (Add-on Acquisition) 6 of 8
State (Massachusetts) 2 of 2
Country (United States) 19 of 21
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Pioneer Bank

Austin, Texas, United States

Pioneer Bank is a bank holding company headquartered in Houston, Texas that operates community bank branches in Dallas, Houston and San Antonio, Texas. The company backs veteran bankers in each of the local markets to focus on originating low-risk commercial loans and gather core deposits from small and middle-market business customers. All branches operate under the unified “Pioneer Bank” brand. Pioneer Bank was founded in 2005 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Emcor Enclosures

Rochester, Minnesota, United States

Emcor Enclosures has been serving the aerospace & defense, datacenter, industrial, medical, test & measurement, and custom OEM sectors for 70+ years with engineered electronics enclosures designed and manufactured. The company accelerates new product introduction timeframes with rapid prototyping and just-in-time delivery capabilities to ensure the best customer experience from concept design to volume production. Emcor Enclosures is based in Rochester, Minnesota.

Buy -