NEW YORK--(BUSINESS WIRE)--The Beekman Group (“Beekman”) announced the completion of the sale of Delaware Valley Management Holdings, Inc. (“DVM”), a leading regional dental service organization supporting 20 dental practices in the greater Philadelphia market.
Beekman partnered with Louis A. D’Angelo, DMD in a growth capital transaction in May 2014 to form a dental service organization (“DSO”) to support Dr. D’Angelo’s dental group operating under the name Simply Beautiful Smiles ("SBS"), originally founded in 2000. Together with Beekman, DVM and its affiliates have grown to become a leading provider of non-clinical dental office support and administrative services in the greater Philadelphia market, currently supporting a network of 20 practices in New Jersey and Pennsylvania. SBS and its affiliated dental offices provide high quality, comprehensive general and multi-specialty dentistry to adults and children through a patient-focused service approach.
As DVM’s CEO and Chief Dental Officer, Dr. D’Angelo commented, “The Beekman Group has been a true partner over the last five years. Their experience in building leading dental service organizations and hands-on involvement proved invaluable to our team as we executed on a disciplined acquisition growth plan, expanding from 10 to 20 practices and more than doubling our revenue and cash flow, while maintaining our commitment to support our dentists and staff to provide consistent quality care to our patients. I know Beekman will continue to be successful partnering with owners and entrepreneurs in the lower middle market to grow and professionalize their businesses.”
Andrew V. Marolda, Managing Director of The Beekman Group said, “We are pleased to have partnered with Dr. D’Angelo to help him expand and improve his team and operations. SBS has become a leading DSO in the region and has the potential to grow into one of the leading players in the country. We wish the team the best as they continue to grow with their next capital partner.”
DVM was an investment out of Beekman Investment Partners II, LP. The Beekman Group manages over $800 million of assets and focuses on lower middle-market services companies based in the U.S.
About Simply Beautiful Smiles
The Simply Beautiful Smiles family makes our patients smile by providing complete family dentistry and state-of-the-art procedures, as well as an unmatched commitment to creating a warm and friendly experience. Our experienced dentists specialize in oral surgery, endodontics (root canal), orthodontics, implants and pediatrics to deliver comprehensive care for the entire family. We also offer sedation options to alleviate any concerns or fears, as well as preventative services like cancer screenings. The Simply Beautiful Smiles family offers flexible hours and several convenient locations throughout eastern Pennsylvania and New Jersey. For more information, contact us at 888-SMILE-10 or visit www.888smile10.com.
About The Beekman Group
The Beekman Group (www.thebeekmangroup.com) is a leading private equity firm dedicated to bringing financial and operational resources to lower middle-market companies. Beekman’s team consists of experienced private equity professionals, as well as a select group of Industry Operating Partners who are leading executives in Beekman’s targeted industry segments. This Industry Advisor approach to investing is the cornerstone of Beekman’s investment strategy — creating value through accelerating growth in partnership with small and middle-market management teams.
