Established DSO Raises $55 Million in Equity Financing

Tralongo, LLC, a Florida-based firm specializing in dental practice acquisitions, announced that it has closed debt and equity financing totaling $55 million, led by Freedom 3 Capital LLC, a New York based private investment firm. Additional investors participating in this financing round include Bankers Healthcare Group and existing Tralongo shareholders.

Founded in 2013, Tralongo partners with entrepreneurial dentists who are looking to grow their businesses by acquiring and operating multiple practices, taking professionals out of the chair and into management and ownership.

The new investment will be used to finance Tralongo’s continued growth throughout the United States. All growth capital from the raise will be funneled into acquiring dental practices, accelerating the firm’s growth plans and executing its unique and innovative business model. The firm has chosen to partner with SEC registered investment advisor Freedom 3 Capital because of its track record working with middle market companies on behalf of its private funds and institutional managed accounts.

Erik Glover, a Freedom 3 Capital Partner said, “We worked closely with Tralongo’s management team to create a capital structure that provides flexible capital to accelerate the company’s growth.”

Source: Tralongo