Audax Group announced it has completed the acquisition of Great Expressions Dental Centers (“GEDC”) from Dr. Walter Knysz, who founded the company in 1982. Headquartered in Bloomfield Hills, Michigan, with 98 affiliated practices in Michigan, Georgia, Florida, Massachusetts, Ohio, Virginia and Connecticut, GEDC is a dental practice management company providing services to professional corporations in general and specialty services including endodontics, orthodontics, oral surgery, pedodontics, and periodontics. Richard Beckman, Chief Executive Officer of GEDC, will continue to lead the management team along with Dr. Walter Knysz, Chairman of GEDC.
Geoffrey S. Rehnert, Co-CEO of Audax Group, said “GEDC is a scale player in a fragmented industry with exceptional patient and employee satisfaction. We look forward to working with Richard and his team to grow the business by sharing best practices across the company and executing strategic add-on acquisitions.”
Richard Beckman, Chief Executive Officer of GEDC, said “We are excited to be working with Audax Group. Their experience sourcing and integrating add-on acquisitions will be a valuable asset for us as we continue to grow our company.”
Ropes & Gray LLP advised Audax Group. Provident Healthcare Partners, LLC advised GEDC. GMAC Commercial Finance provided debt financing to support the transaction.
About Audax Group
Audax Group, founded in 1999, is a leading investor in middle market companies. With offices in Boston and New York, Audax manages in excess of $4 billion of equity, mezzanine debt, and senior loan capital. For more information visit the Audax Group website audaxgroup.com
About Provident Healthcare Partners
Provident is a leading healthcare investment banking firm specializing in merger and acquisition advisory, strategic planning, and capital formation services for healthcare companies. The firm has a comprehensive knowledge of market sectors and specialties, including clinical research. Provident also has unsurpassed experience and insight into the M&A process, which includes working with a multitude of investors such as private equity firms and strategic consolidators. For additional information, visit providenthp.com or follow Provident on LinkedIn.
Contact:
Provident Healthcare Partners
Rebecca Leiba
617-226-4209
rleiba@providenthp.com
