Marquee Dental Partners, a leading Dental Service Organization (DSO) in the Southeast, has announced a significant financial milestone to bolster its growth trajectory. The Nashville, Tennessee-based company successfully refinanced its existing credit facility, securing a substantial commitment from Crestline Investors, Inc., a Fort Worth, Texas-based private equity firm. This strategic financial move is set to propel Marquee Dental Partners’ expansion initiatives, building upon a year of robust acquisitions and setting the stage for continued growth in the dental sector.
In 2019, Marquee Dental Partners demonstrated its strong market presence by completing seven strategic acquisitions. The newly secured financing from Crestline Investors played a crucial role in facilitating these acquisitions and will be instrumental in supporting future growth endeavors. Marquee plans to allocate the capital towards further acquisitions, the establishment of de novo practices, and general corporate operations, reinforcing its commitment to expanding its footprint and enhancing patient care.
Fred Ward, CEO of Marquee Dental Partners, emphasized the significance of this partnership, stating, “Crestline’s support is significant as we continue building dentistry in our core market of Nashville, and as we expand into other very attractive growth markets. Our strong reputation for high engagement and support post acquisition is helping us develop a very strong pipeline. Consistent with our growth plan, we thought the time was right to pursue another round of financing. Crestline rose to the top because of their belief in our vision and confidence in our growth strategy. With their support, 2020 will be a transformative year for our company.” This statement underscores Nashville’s central role in Marquee’s strategy and highlights the company’s ambition to extend its reach beyond its established base.
Marc Strauss, Managing Director at Crestline Investors, conveyed his firm’s enthusiasm for the partnership, noting, “Crestline was attracted to Marquee given the strength of its platform and leadership. In addition, we were excited to support Chicago Pacific Founders, a leading healthcare services private equity platform.” Crestline’s investment reflects confidence in Marquee Dental Partners’ business model, leadership, and the overall attractiveness of the dental services market.
Looking ahead, CEO Fred Ward highlighted the positive trends within the dental industry, particularly for a DSO like Marquee Dental Partners operating out of Nashville. “What a great time to work in the dental space. The population is aging, and more people seem interested in improving their overall health. Both developments along with improved dental technology provide patients, for example, opportunity to replace dentures with dental implants and elevates the importance of patient education leading to better oral health. As studies show, better oral health improves overall health,” Ward explained. He further added, “With several major dental schools and so much clinical talent in our geography, we will continue our expansion providing existing and new populations with outstanding dental care across Tennessee, Kentucky and Alabama.” This vision positions Marquee Dental Partners as a key player in delivering high-quality dental care across the region, leveraging Nashville’s advantageous location and strong dental talent pool.
About Marquee Dental Partners
Marquee Dental Partners is a leading dental support organization committed to prioritizing dentists and patients. By providing comprehensive support and fostering clinical autonomy for its dental professionals, Marquee empowers them to focus on delivering exceptional oral healthcare services. The Nashville-headquartered company is led by a team of experienced industry veterans dedicated to building a network of high-quality dental practices. To discover more about Marquee Dental Partners and its commitment to excellence in dentistry, please visit www.marqueedentalpartners.com.
Source: Marquee Dental Partners
