Major Dental Support Organization is Acquired by Roark Capital Group

Roark Capital Group, an Atlanta-based private equity firm focused on consumer brands and multi-unit businesses, announced that its affiliate has acquired Great Expressions Dental Centers. Rich Beckman will continue to lead the business as CEO, and the company will remain headquartered in Southfield, Mich. Terms of the transaction were not disclosed.

This transaction marks an exciting new chapter for the company,” Beckman said. “With our new partner, Roark, we look forward to accelerating our strategy of growth through affiliation with other high-quality dental practices. We also look forward to leveraging Roark’s consumer and branding expertise to enhance our own Great Expressions brand. We appreciate the support and partnership OMERS Private Equity offered throughout the life of their investment.”

Great Expressions provides comprehensive affordable dental services through its network of 269 affiliated practices staffed by more than 900 dentists and hygienists who care for over 600,000 patients per year. Founded in 1982 and operating as a single brand, Great Expressions is one of the largest dental support organizations (DSO) in the United States.

Neal Aronson, Roark’s Managing Partner, said, “Great Expressions is the branded DSO of choice for dentists desiring an affiliation and for consumers desiring consistent, quality care. It’s the perfect company to launch Roark’s entrance into retail healthcare.”

Tim Armstrong, Managing Director at Roark, noted, “We’re partnering with an outstanding, experienced, and long-tenured management team to accelerate the growth of the business from their already proven and successful strategy.”

Paul, Weiss and DLA Piper acted as legal counsel to Roark. Jefferies LLC served as financial advisor to Great Expressions.

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Source: Great Expressions