DETROIT, Nov. 28, 2016 /PRNewswire/ -- Huron Capital Partners LLC ("Huron Capital") announced today that Richmond, VA-based Jack Dunlevy Orthodontics ("Dunlevy") and Wood, Lombardozzi, PC ("W&L") have become affiliates of Michigan-based Spring & Sprout Dental Holdings, Inc. ("Spring & Sprout"), a Huron Capital portfolio company. This is the first geographic expansion into the state of Virginia for the Spring & Sprout pediatric dental group.
Spring & Sprout was founded in 2014 as a Huron Capital ExecFactor® partnership with CEO and dental industry veteran Michael Schwartz. Since that time, Spring & Sprout has completed 11 affiliations in Michigan, Ohio, Tennessee, Texas, Pennsylvania and now Virginia; five of these affiliations were added in 2016. Dunlevy and W&L operate co-located practices in Richmond, VA.
"We are excited about growing the Spring & Sprout footprint in a new geography," said Schwartz. "Our management team believes the Richmond market is attractive for orthodontics and pediatric dentistry. Additionally, we will be seeking other opportunities with growing practices like Dunlevy and W&L, in Virginia and elsewhere."
"We think the momentum is building for Spring & Sprout," said Nick Barker, Partner at Huron Capital. "In 2014 this was a concept we were pursuing with our ExecFactor® partner Michael Schwartz, and now we are active in six states. Spring & Sprout is set up to provide back office support for dental professionals so that they can spend more time with their patients, and we are actively looking for more potential affiliate partners."
About Huron Capital Partners LLC
Based in Detroit, Huron Capital is an operationally-focused private equity firm with a long history of growing lower middle-market companies through our proprietary ExecFactor® buy-and-build investment model. We prefer complex situations where we can help companies reach their full potential by combining our operational approach, substantial capital base, and transaction experience with seasoned operating executives. Founded in 1999, Huron Capital has raised over $1.1 billion in capital through four committed private equity funds and invested in over 120 companies, and our portfolio companies have employed over 11,000 people throughout North America. The Huron Capital buy-and-build investment model includes equity recapitalizations, family succession transactions, market-entry strategies, corporate carve-outs, and management buyouts of companies having revenues up to $200 million. Huron Capital targets both majority and less-than-majority equity stakes in fundamentally-sound companies that can benefit from the firm's operational approach to creating value. Huron Capital's sector focus includes business services, consumer products & services and specialty manufacturing. For more information, please visit www.huroncapital.com.
About Spring & Sprout Dental Holdings
Spring & Sprout is a dental support organization formed to provide practice support services to dental specialists in Pediatric Dentistry and Orthodontics. With offices in Michigan, Ohio, Tennessee, Texas, Pennsylvania and Virginia, the Spring & Sprout network of specialists are committed to instilling self-confidence in children and helping them overcome fear in order to lead a healthier life. For more information, visit www.springandsprout.network.
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Last updated on: 29/11/2016
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