Incline Equity Partners (“Incline”), a Pittsburgh-based private equity firm, is pleased to announce its investment in Smile Source, a leading private practice network serving independent dentists.
Based in Kingwood, TX, Smile Source leverages its scale and purchasing power to deliver significant cost savings to over 1,000 private practice dentists across the U.S. Smile Source also provides a full suite of value-added practice solutions, including group purchasing, staff recruiting, marketing, in-house dental plans, group health insurance and continuing education.
“We are excited to be working with Incline,” said Gregg Groenemann, CEO of Smile Source. “For over 17 years, we have empowered dental providers to remain independent while still benefiting from the advantages of being part of a larger network. We were looking for a partner who shared our values and had the resources and expertise to enhance our level of service to members. Together, we will grow our network even faster while expanding our practice solutions and offerings.”
“Smile Source is an impressive platform in the attractive dental services market that provides meaningful economic and clinical benefits to independent practices,” said Bob Erwin, Partner at Incline. “Their strong value proposition has allowed them to build a large, defensible network of loyal members. There is significant opportunity for further expansion through investing in sales and marketing, vendor partnerships and member support.”
About Incline Equity Partners:
Incline Equity Partners, headquartered in Pittsburgh, Pennsylvania, is a private equity firm investing in distribution, business services and manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada.
Disclaimer:
Incline Management, L.P. (“IMLP”) is registered with the U.S. Securities and Exchange Commission as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended. Registration as an investment adviser does not imply a certain level of skill or training. IMLP provides investment advisory services only to privately offered funds. IMLP does not solicit or make its services available to the public or other advisory clients. This press release is intended solely to provide information regarding Incline’s potential capabilities for prospective portfolio companies, and is not an offer to sell to any person, or a solicitation from any person of an offer to buy, any securities. The statements contained herein are not statements of any IMLP client fund or investor and do not describe any experience with or endorsement of IMLP as an investment adviser by any such client or investor.