SkyKnight Capital Invests alongside Dentist Partners, Management, and Talisker in Pearl Street Dental Partners

SAN FRANCISCO--(BUSINESS WIRE)--SkyKnight Capital, L.P. (“SkyKnight”), a private equity firm with a track record of building market-leading businesses alongside exceptional entrepreneurs and employee shareholders, announced that it has invested in Pearl Street Dental Partners (“Pearl Street” or the “Company”). Pearl Street’s Co-Founders, David Meece and Dr. Robby Jennings, dentist shareholders, and the Company's existing investor, Talisker Partners (“Talisker”), will remain significant shareholders alongside SkyKnight. Pearl Street’s management team will continue to lead the Company as it embarks on its next phase of growth.

Headquartered in Dallas, Texas, Pearl Street is a partnership-oriented dental practice management company that works with top performing dentists to help them achieve their goals, unlock growth, and enhance operations, all while sustaining dentist autonomy. With 32 partner practices and over 350 employees, Pearl Street is a leader in Texas and Oklahoma focused on preserving the spirit of private practice dentistry, while equipping partner dentists with the technology, resources, and peace of mind that come from being part of a larger family. Pearl Street’s co-ownership model and close-knit dentist culture provide dentists with a true business partner and extensive support system to help their practices thrive over the long-term. Pearl Street believes in the power of community and has cultivated a peer network amongst its practices to support the exchange of ideas and best practices across the organization. Pearl Street’s mission is to foster a family of exceptional people and providers who create extraordinary experiences for all patients.

“We are thrilled to partner with SkyKnight as Pearl Street continues executing on its mission to offer more dentists a collaborative partnership model that supports their passions for dentistry and entrepreneurship,” said Co-Founder and CEO, David Meece. “We believe that if you put people first, and prioritize culture, results will follow. When selecting our next partner, we prioritized individuals who shared our vision and would bring key resources to Pearl Street while continuing to uplift that core philosophy. We have found that partner in SkyKnight and are excited to execute alongside them for years to come.”

“Pearl Street is a people-first organization that puts its patients, dentists, hygienists, and staff at the center of focus, deploying technology and operational resources from behind the scenes to enable its dentist partners to perform at the top of their skillsets,” said Jordan Milich, Partner at SkyKnight. “We are humbled by the authentic and collaborative culture that has flourished at Pearl Street and are honored to partner with management and the entire Pearl Street family for its next phase of growth.”

“Over the past three years, Pearl Street has evolved into the partner of choice for dentists in Texas and Oklahoma. We are enthused that so many successful dentists have trusted us with their practice and future,” said Alex Duncan, Managing Partner at Talisker. “The success of Pearl Street is about finding the right partners, with a genuine care for people, and we believe SkyKnight will be a critical partner in the next chapter as we build one of the seminal dental groups in the industry.”

SkyKnight was advised by Holland & Knight LLP and BRG. Pearl Street was advised by William Blair and DLA Piper LLP.

About Pearl Street

Headquartered in Dallas, Texas, Pearl Street is a dental practice management company partnering with dental practices throughout Texas and Oklahoma. The Company’s highly experienced dentists, hygienists, and practitioners provide comprehensive care to patients across general, specialty, and cosmetic dentistry. Pearl Street provides its partner practices with centralized non-clinical resources that enable dentists and clinical teams to focus exclusively on dentistry and delivering excellent patient care, while retaining significant ownership stakes in their practices. Pearl Street is steadfast in its commitment to preserving provider autonomy while cultivating a family culture and community amongst its partners. More information is available at www.pearlstreetdentalpartners.com

About SkyKnight Capital

SkyKnight Capital manages $2.5 billion in private equity capital on behalf of leading institutional family offices, foundations, endowments, and pensions. SkyKnight makes long-term investments into high-quality businesses in acyclical growth sectors alongside exceptional management teams. More information is available at www.skyknightcapital.com

About Talisker Partners

Talisker is a private investment firm partnering with exceptional business owners to provide capital, operational support, and unique insights. Through true partnership, the Talisker team believes in providing lasting impact for founders, management, and their employees. More information is available at www.taliskerpartners.com