Clairvest Group Inc., through Clairvest Equity Partners VI (CEP), announced that it purchased Bluetree Dental for $32 Million. Clairvest Group’s portion of the investment totaled $9 million.
Clairvest Group is a Toronto-based private equity management firm with more than $2.4 billion (CAD $3.3 billion) of capital under management. Under the current management team, Clairvest has initiated investments in 60 platform companies and generated top quartile performance over an extended period.
Bluetree Dental is a multi-specialty, pediatric and orthodontics-focused dental service organization with more than 45 offices centered in the Mountain West region of the U.S.
The Bluetree Dental investment is Clairvest’s 61st platform investment and 10th investment in the Clairvest / CEP VI co-investment pool which is capitalized at $850 million (more than CAD $1.1 billion). This is Clairvest’s second acquisition of 2023 and Clairvest’s second partnership in the dental industry.
According to data captured in the LevinPro HC database, this acquisition marks the 86th Physician Medical Groups transaction of 2023, and the second in the dental services organization specialty.
