FOR IMMEDIATE RELEASE: (MAY 20th, 2021)
Kevin Cumbus
TUSK Partners
704-302-1043
Kevin@Tusk-Partners.com
TUSK Partners advises LADD Dental Group on its sale to LEAD Capital Partners...
CHARLOTTE, N.C., May 19th, 2021 — TUSK Partners acted as exclusive financial advisor to Kokomo, IN-based LADD Dental Group on its sale to LEAD Capital Partners. LADD Dental group is a leading multi-location GP group in Indiana, with 6 clinic locations across the state. The transaction, which closed April 16th, 2021, will support continued growth and future acquisitions as the company expands into new markets.
“TUSK’s knowledge of the business of dentistry, their ability to bring a deep bench of buyers, and their expertise in guiding us through a complex process us was indispensable for us. By offering both expertise in the space and extensive resources, TUSK provided us the ability to execute on a transaction with a group that is the right fit on every level. We are excited about our future growth prospects and the new partnership with LEAD Capital,” said Mary Ladd, CEO of LADD Dental Care.
Dr. John Ladd echoed the sentiment, “TUSK’s deep knowledge of the dental space and the GP space in particular was invaluable and helped lead to a successful transaction. We could not be more pleased with the outcome.”
“We have completed a sizeable number of deals in the dental space over the years and a growing collection in the GP space recently," said Kevin Cumbus, Managing Director of Mergers and Acquisitions and President at TUSK Partners. “This is the fifth GP group we have represented recently with more opportunities in our pipeline. As a result, General Dentistry is an area of focus and expertise in our firm. LADD Dental Group built an impressive group with performance well above industry standards led by Dr. Ladd’s keen strategy for growth in the future. Its new partnership with LEAD Capital Partners will enable the company to move forward in their growth strategy with speed and certainty.”
The transaction was led by Ryan Mingus, Kevin Cumbus, Alex Cherniavsky, and George May at TUSK Partners. Craig Woods of Dykema LLP served as legal counsel to LADD Dental Group. Financial terms of the transaction were not disclosed.
About LADD Dental Group
LADD Dental Group is a leading multi-location GP in Indiana, with 6 clinic locations across the state. LADD is committed to helping provide the highest quality patient care across its network of practices. The leadership of the company have built the premier general dental practices in Central Indiana and plans to continue the growth in the months and years to come. For more information, visit https://ladddental.com/contact-us
About LEAD Capital Partners
Lead Capital Partners is a Nashville, TN based multi-family office that acquires majority ownership interests in healthcare services companies with EBITDA of $1 to $4 million. They provide owners up front liquidity, an orderly transition of their business and an opportunity for participation in its future via retained equity ownership. LCP's Managing Partners have directly invested and managed in excess of $280 million of capital in 44 platformcompanies. For more information, visit http://leadcp.com
About TUSK Partners
TUSK Partners (“TUSK”) provides strategic advisory services and M&A advice in the dental sector. We help entrepreneurs START, FUND, GROW and SELL their large dental practice, group or DSO. With an in-depth understanding of the marketplace and access to 100’s of buyers nationwide, we help our clients confidently pursue M&A transactions in the dental sector. With our significant collective experience of over 50+ years of dental practice transaction, we offer our clients solutions that help them to achieve their strategic and financial objectives. For more information, visit https://tusk-partners.com.