CHICAGO–
Founded in 2014 and headquartered in Chicago, Elite Dental Partners has rapidly emerged as one of the fastest-growing DSOs in the United States. Currently, Elite Dental supports over 80 affiliated dental offices across 10 states. This extensive network includes more than 130 dentists providing essential general dentistry services to a broad and expanding patient base. The company has demonstrated a strong history of growth, both through strategic affiliations with existing dental practices and the establishment of new, de novo locations. Elite Dental Partners has cultivated a strong reputation within the dental industry, largely attributed to its dentist-first culture. This approach prioritizes the well-being and professional fulfillment of its practitioners by offering high-quality, comprehensive non-clinical support services.
Dr. Scott Kalniz, Chief Executive Officer of Elite Dental Partners, emphasized the company’s vision: “Alongside our partners at TDP, we aimed to create a highly attractive and supportive platform for doctors. Our core belief was that a more effective, efficient, and enjoyable model for delivering non-clinical support within dentistry was possible.” He further added, “We deeply value our collaborative partnership with TDP and are thrilled to welcome Cressey as our new partner. This investment signifies a crucial step in Elite Dental’s ongoing growth strategy, reinforcing our commitment to providing unwavering support to doctors dedicated to delivering exceptional dental care to communities. Cressey’s substantial resources, collaborative approach, and expertise in scaling multi-site healthcare businesses will be invaluable in supporting our organization’s rapid expansion.”
Merrick Axel, Partner at Cressey & Company, also commented on the new partnership: “Cressey is excited to collaborate with both the Management team and TDP to build upon Elite Dental Partners’ impressive track record of growth and success. We are particularly drawn to their dentist-first approach and commitment to quality clinical care, which aligns perfectly with our investment philosophy.”
Tyree and D’Angelo, Co-Chief Executive Officers at TDP, shared their perspective on the successful partnership: “We are proud of the robust partnerships and relationships we have developed with the Elite Dental management team and the business owners who chose to partner with us. Together, we successfully executed our collaborative Value Creation Plan, establishing Elite Dental Partners as one of the lowest-risk and fastest-growing dental support organizations in the industry. We are grateful for the trust placed in us and look forward to continuing our support for Elite Dental Partners in this exciting next chapter of growth.”
Houlihan Lokey acted as the exclusive financial advisor to Elite Dental Partners for this transaction. Golub Capital provided the financing, and legal counsel was provided by Winston & Strawn LLP, Ropes & Gray LLP, Kirkland & Ellis LLP, and McDermott Will & Emery LLP.
About Elite Dental Partners
Elite Dental Partners is recognized as a high-quality and rapidly expanding dental support organization in the United States. With over 80 offices currently operating across 10 states, Elite Dental’s growth trajectory continues through affiliations with independent dental practices and the development of new locations. Elite Dental is dedicated to supporting dentists in delivering both general and specialty dental services to an increasing patient population. For further details, please visit www.elitedentalpartners.com.
About Cressey & Company
Cressey & Company, established in 2008 and based in Chicago, is a private investment firm focused on building leading healthcare businesses across provider services, service sectors, and information technology. With a history spanning nearly 35 years, including predecessor firms, Cressey has a proven strategy of investing in platform businesses and accelerating growth through both organic expansion and strategic acquisitions. Their deep understanding of healthcare reimbursement and regulatory landscapes has made Cressey a trusted partner in the healthcare industry. More information is available at www.cresseyco.com.
About Tyree & D’Angelo Partners
Tyree & D’Angelo Partners, based in Chicago, is a leading private equity firm focused on the lower middle market. TDP specializes in control ownership investments in companies with annual revenues under $50 million and EBITDA between $1-$5 million. TDP emphasizes collaborative partnerships with business owners and management teams to drive substantial long-term value creation. To date, TDP has completed over 100 partnerships across its portfolio companies. For more information, please visit www.tdpfund.com.
About Golub Capital
Golub Capital is a nationally recognized credit asset manager with over $25 billion of capital under management. With over 20 years of experience, Golub Capital provides credit solutions to facilitate the growth of medium-sized U.S. businesses. The firm is known for its Middle Market Lending business and also operates in Late Stage Lending and Broadly Syndicated Loan sectors. Golub Capital has built a reputation for providing fast and reliable financing solutions. The firm employs over 350 professionals with offices in Chicago, New York, and San Francisco. Additional details can be found at www.golubcapital.com.
Contact Information:
Tyree & D’Angelo Partners
Enzo D’Angelo
Co-Chief Executive Officer and Managing Partner
[email protected]
or
Tyree & D’Angelo Partners
Michael Tyree
Co-Chief Executive Officer and Managing Partner
[email protected]
