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Boathouse Capital Invests in Dental Support Organization

August 19, 2015, 07:02 AM
Filed Under: Specialty Industries

Boathouse Capital and Enhanced Small Business Investment Company, LP announced they have partnered to make an investment in a leading dental support organization ("DSO") in the southern U.S. The investment was used to finance the acquisition of a network of highly-complementary locations and provide capital to fund the company's growth including opening new facilities and acquisitions.
Dental support organizations are companies formed to provide administrative support and services to independently-owned dental practices in order to leverage shared resources and drive improved operational efficiency and clinical care for dental practices in the network.
Following the acquisition, the organization serves 19 dental practices with a focus on family dentistry in urban and underserved rural markets. The company is differentiated by its focus on family-friendly facilities and its significant investment in proprietary technology to standardize and improve the delivery of care.
Bill Dyer, Partner at Boathouse Capital, said, "We are excited to partner with one of the largest dental service organizations in the U.S. in order to support its continued expansion. We are backing a management team with years of experience in dentistry that has built a differentiated provider with a focus on patient care and comfort. We look forward to continuing to build on this platform."
Andrew Olsen, Vice President at Boathouse Capital, said "We believe that DSOs will benefit from a number of favorable secular trends in dentistry including consolidation of a highly- fragmented industry, growing recognition of the importance of oral care to overall health, and a shift to increase efficiency in healthcare delivery through technology and scale."
As part of the investment, Boathouse will join the company's board. McGuireWoods LLP represented Boathouse Capital in the transaction

Boathouse Capital is a Philadelphia-based private equity firm that manages $350 million in two separate funds. We invest $5 million to $25 million of mezzanine debt and equity into lower middle -market businesses across the U.S that generate $1.5 million or more of EBITDA.

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