H.I.G. Capital announced on June 26 that one of its affiliates acquired Advanced Dental Brands, LLC (ADB) for an undisclosed price.
DC Advisory served as financial advisor, and Akerman LLP served as legal counsel to H.I.G. Cantor Fitzgerald & Co. served as financial advisor, and Eskow Law Group, LLC served as legal counsel to ADB.
Founded in 2007 by Dr. Richard Miller, ADB is a leading dental partnership organization in the Northeast United States. The company partners with dental practices owners and currently serves almost 40 practices, providing general dentistry as well as specialty services including orthodontics, endodontics, prosthodontics, periodontics and oral surgery.
H.I.G. Capital is a global private equity and alternative assets investment firm with $50 billions of equity capital under management. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s portfolio includes more than 100 companies with combined sales in excess of $30 billion.
According to data captured in the LevinPro HC database, this transaction represents the 282nd Physician Medical Groups acquisition of 2023, 88 of them in the dental specialty. This is also H.I.G.’s first acquisition of 2023.
