M&A Deal Summary

Smile Brands Group Acquires Midwest Dental

On December 2, 2020, Smile Brands Group acquired healthcare services company Midwest Dental from FFL Partners

Acquisition Highlights
  • This is Smile Brands Group’s 11th transaction in the Healthcare Services sector.
  • This is Smile Brands Group’s 11th transaction in the United States.
  • This is Smile Brands Group’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2020-12-02
Target Midwest Dental
Sector Healthcare Services
Buyer(s) Smile Brands Group
Sellers(s) FFL Partners
Deal Type Add-on Acquisition
Advisor(s) Harris Williams (Financial)
Willkie Farr & Gallagher (Legal)

Target

Midwest Dental

Mondovi, Wisconsin, United States
Midwest Dental, Inc. is a provider of business management services for dental offices serving communities throughout the Midwest. Dental practices affiliated with Midwest Dental offer a comprehensive range of treatment services including preventive, cosmetic, restorative, and reconstructive dentistry for adults and children. Midwest Dental was formed in 1968 and is based in Mondovi, Wisconsin.

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Buyer(S) 1

Buyer

Smile Brands Group

Costa Mesa, California, United States

Category Company
Founded 1998
Sector Business Services
DESCRIPTION
Smile Brands' corporate headquarters in Irvine, California.
Smile Brands' corporate headquarters in Irvine, California.

Smile Brands Group provides comprehensive business support services, non-clinical personnel, facilities and equipment through long term agreements with affiliated dental groups. Smile Brands Group was formed in 1998 and is headquartered in Costa Mesa, California.


DEAL STATS #
Overall 11 of 11
Sector (Healthcare Services) 11 of 11
Type (Add-on Acquisition) 11 of 11
State (Wisconsin) 1 of 1
Country (United States) 11 of 11
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-02 Reflections Dental Centre

Seattle, Washington, United States

Reflections Dental Centre offers general, family, and cosmetic dental health services as well as a full compliment of specialists on-site. Reflections Dental Centre is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 5.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco.


DEAL STATS #
Overall 24 of 32
Sector (Healthcare Services) 6 of 7
Type (Add-on Acquisition) 7 of 10
State (Wisconsin) 2 of 2
Country (United States) 22 of 30
Year (2020) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 SNAP Financial Group

Vancouver, British Columbia, Canada

SNAP Financial Group is focused on being a fast, fair & friendly payment solutions partner. The company provides quick approvals, reasonable and responsible interest rates, and supportive customer experience. SNAP was formed in 2006 and is headquartered in Vancouver, British Columbia with additional offices in Toronto, Ontario, and West Des Moines, Iowa.

Sell $511M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-22 Transtar Industries

Cleveland, Ohio, United States

Transtar Industries is a distributor and remanufacturer of automotive aftermarket transmission repair parts and manufacturers of automotive refinishing products. Transtar Industries was founded in 1975 and is based in Cleveland, Ohio.

Sell -