Investment Summary

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

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

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

Investment Summary

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

Target

Aspen Dental

East Syracuse, New York, United States
Aspen Dental is a multi-vertical retail healthcare support organization. TAG offers a full range of essential business support services to consumer healthcare brands under the Aspen Dental, Chapter Aesthetic Studio, ClearChoice Dental Implant Centers and WellNow Urgent Care trade names. Aspen Dental is based in East Syracuse, New York.

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Investor(S) 4

Investor

APG Partners

San Juan Capistrano, California, United States

Investor


Category Private Equity Firm
Founded 2004
Size Small
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 3
Sector (Healthcare Services) 1 of 1
Type (Growth Capital) 1 of 3
State (New York) 1 of 1
Country (United States) 1 of 3
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1993-03-01 Monaco Coach

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

East Syracuse, New York, United States

Aspen Dental is a multi-vertical retail healthcare support organization. TAG offers a full range of essential business support services to consumer healthcare brands under the Aspen Dental, Chapter Aesthetic Studio, ClearChoice Dental Implant Centers and WellNow Urgent Care trade names. Aspen Dental is based in East Syracuse, New York.

Sell $91M
Investor

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-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 46
Sector (Healthcare Services) 1 of 3
Type (Growth Capital) 1 of 16
State (New York) 1 of 2
Country (United States) 4 of 46
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-01 Dynojet

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

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

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-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 96
Sector (Healthcare Services) 1 of 9
Type (Growth Capital) 3 of 29
State (New York) 1 of 9
Country (United States) 11 of 96
Year (2004) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-05 HighJump Software

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

Rosemount, Minnesota, United States

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

Buy $30M
Investor

Capital Resource Partners

Wellesley, Massachusetts, United States

Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 1.1B USD
Size Large
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 39
Sector (Healthcare Services) 2 of 3
Type (Growth Capital) 7 of 16
State (New York) 1 of 2
Country (United States) 18 of 38
Year (2004) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-01 K2 Industrial Services

Houston, Texas, United States

K2 Industrial Services 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 Equipto

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 -