M&A Deal Summary

National Dentex Acquires Dental Services Group

On April 1, 2021, National Dentex acquired medical products company Dental Services Group from Cressey and Golub Capital

Acquisition Highlights
  • This is National Dentex’s 4th transaction in the Medical Products sector.
  • This is National Dentex’s 7th transaction in the United States.
  • This is National Dentex’s 1st transaction in Florida.

M&A Deal Summary

Date 2021-04-01
Target Dental Services Group
Sector Medical Products
Buyer(s) National Dentex
Sellers(s) Cressey
Golub Capital
Deal Type Add-on Acquisition

Target

Dental Services Group

St. Petersburg, Florida, United States
Dental Services Group is an operator of a full-service laboratory network with over 40 dental laboratories that offers dental prosthetic solutions, including fixed, removable, implant, orthodontic and sleep dentistry products. Dental Services Group was founded in 1989 and is based in St. Petersburg, Florida.

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Buyer(S) 1

Buyer

National Dentex

Natick, Massachusetts, United States

Category Company
Founded 1982
Sector Healthcare Services
DESCRIPTION

National Dentex (NDX) is an operator of dental laboratories in the United States. NDX serves an active customer base of over 28,000 dentists through our 42 full service laboratories and 4 branches located in 28 states and one Canadian Province.


DEAL STATS #
Overall 7 of 12
Sector (Medical Products) 4 of 5
Type (Add-on Acquisition) 5 of 10
State (Florida) 1 of 3
Country (United States) 7 of 12
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Trident Dental Laboratories

Hawthorne, California, United States

Trident Dental Laboratories is a provider of dental laboratory products and services. Trident Dental Laboratories was formed in 1988 and is based in Hawthorne, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 Dynamic Dental Solutions

Jacksonville, Florida, United States

Dynamic Dental Solutions is an independent lab specializing in implant restorations, including full-arch prosthetics. Dynamic Denta operates out of an 8,000-square-foot full-service laboratory, which will be expanded to 13,000 square feet to accommodate a growing demand for its services. Dynamic Dental Solutions is based in Jacksonville, Florida.

Buy -

Seller(S) 2

SELLER

Cressey

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Cressey & Company LP is a specialist private equity investment firm focused on buy-and-build opportunities in the healthcare sector. The firm invests in the range of $10 - $100 million and EBITA of at least $5 million. The firm specific areas of interest include hospitals, homecare, outpatient services, and specialty distribution. Types of transaction include buyout, growth and recapitalization. It also seeks controlling interest. Cressey & Company has offices in Chicago, Illinois and Nashville, Tennessee.


DEAL STATS #
Overall 20 of 22
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 10 of 10
State (Florida) 1 of 1
Country (United States) 19 of 21
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-21 RestorixHealth

Metairie, Louisiana, United States

RestorixHealth is a provider of comprehensive wound care treatment centers that offer advanced wound care modalities as well as hyperbaric oxygen therapy (“HBOt”). RestorixHealth focuses on establishing in-hospital centers of excellence to treat the growing incidence of severe grade diabetic wounds of the lower extremities and wounds that are unresponsive to general wound care treatments. RestorixHealth was established in 1997 and is based in Metairie, Louisiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-23 Lifeway Mobility

Hartford, Connecticut, United States

Lifeway Mobility is a provider of home accessibility and safety solutions, including ramps, stairlifts, wheelchair lifts, transfer aids, and bath safety products. Lifeway Mobility was founded in 2015 and is based in Hartford, Connecticut.

Buy -
SELLER

Golub Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.


DEAL STATS #
Overall 27 of 41
Sector (Medical Products) 5 of 5
Type (Add-on Acquisition) 11 of 19
State (Florida) 1 of 3
Country (United States) 27 of 39
Year (2021) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 Freddy’s Frozen Custard & Steakburgers

Wichita, Kansas, United States

Freddy’s Frozen Custard & Steakburgers is a franchisor of fast-casual restaurants. Freddy’s fast-casual restaurants feature steakburgers, shoestring fries, and freshly churned frozen custard. The Company’s family-friendly restaurants focus on premium quality ingredients, cooked-to-order food, and best-in-class hospitality. Freddy’s Frozen Custard & Steakburgers was founded in 2002 and is based in Wichita, Kansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-14 West Marine

Fort Lauderdale, Florida, United States

West Marine is an omnichannel specialty retailer exclusively offering boating gear, apparel, footwear and other waterlife-related products. The Company has more than 250 stores located in 38 US states and Puerto Rico and an eCommerce website reaching domestic, international and professional customers. West Marine was founded in 1968 and is based in Fort Lauderdale, Florida.

Buy -