ABRY Partners is the majority investor in the transaction. Terms of the deal were not disclosed.
North American Dental was formed in the Youngstown area in 2010 and since then has grown rapidly, according to Riverside partner Hal Greenberg. He said the company is “an exemplary dental service organization that has made a true commitment to quality of care. The dental practice management industry continues to grow rapidly as both dentists and patients see the inherent value and convenience of the model, and we are excited to partner with a true leader in the space.”
Riverside said in the release that it plans to work with ABRY and North American Dental’s management team to help the company grow, “particularly through strategic acquisitions of additional dental practices.”
Read the Press Release HERE