New DSO Tries to Ride the ‘Wave of Change’ in Dental

Light Wave Dental Management has announced its newest investor, Peterson Partners. The deal officially closed on November 1, 2016, with the acquisition of eight top-tier dental offices in Virginia.

Light Wave is seeking to help address the wave of rapid change within dentistry: a glut of retirement ready dentists and a heavily indebted younger generation of dental graduates. Moving away from larger, more traditional DSOs, their aim is to create solutions for older dentists (as a transition partner) trying to find the right solution for retirement, and younger dentists (as a management partner) in search of a better way to buy into a practice.

Peterson Partners is an independent investment management firm based in Salt Lake City, UT. Since its founding in 2003, they have invested in over 130 companies across a variety of asset classes.

“The U.S. dental market, which is just now starting to reap the tremendous benefits brought by technology, is forecast to consolidate for the next decade,” said Aaron Gabbart, a vice president at Peterson Search Partners.

The Light Wave team consists of Justin Jory who obtained a JD/MBA and a BA in Philosophy from Brigham Young University and has spent a decade investing in high-growth companies on behalf of investment firms (Mercato Partners, Leucadia, and Bank of America), and Pauline Grabowski who is in charge of operations.

 How smooth will Light Wave’s ride be?
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Sources: PR Newswire, Light Wave Dental Management, Peterson Partners