Brentwood Associates, a consumer-focused private equity investment firm, has announced it has acquired Jefferson Dental Care from Black Canyon Capital. Jefferson Dental Care is a dental support organization with affiliated clinics throughout Texas that offer a broad range of general dentistry, orthodontic, and other specialty dental services. The company is led by Chief Executive Officer Chris Strong, who has been with the Company since 2012 and will continue to lead the business going forward.
Founded in 1967, Jefferson currently supports 53 clinics in the Dallas/Fort Worth and Houston metropolitan areas. Over the last 50 years, Jefferson has expanded from a single clinic affiliation into a scalable, multi-practice platform.
Commenting on the new partnership, CEO Chris Strong said, “We are excited to begin our new partnership with Brentwood. Their extensive experience and track record of success with multi-unit location businesses will be a great asset as we seek to expand into new geographies while continuing the robust growth in our core markets.” Strong continued,
Eric Reiter, partner at Brentwood, commented, “Jefferson’s business model fits well with our strategy of investing in growing, best-in-class, consumer-facing businesses with strong brand recognition and high customer retention. We will continue to support the Company’s growth in areas such as site selection and de novo unit development, digital and direct marketing, and add-on acquisitions.”
Jefferson was advised by Moelis & Company, L.L.C., and its legal counsel was O’Melveny & Myers. Brentwood was represented by Kirkland & Ellis LLP. Ares Capital Corporation provided the debt financing supporting the acquisition.