PLANTATION, Florida--DentalPlans.com has announced being acquired by the Riverside Company, a global private equity firm focused on acquiring growing businesses valued at up to $200 million.
With 20 offices in 14 countries worldwide, Riverside manages more than $3 billion in assets. The firm’s portfolio consists of more than 75 companies totaling approximately 14,000 employees. In 2010, Mergers & Acquisitions Journal recognized Riverside as the publication’s Private Equity Firm of the Year.
DentalPlans.com offers dental savings plans in the United States, United Kingdom and Puerto Rico. Founded in 1999, the company has more than 130 employees and is headquartered in Plantation, Fla., with offices in Park Ridge, Ill.
“DentalPlans.com has a tremendous amount of untapped growth potential,” said Riverside partner Kristin Newhall. “The company is already the dominant player in the online direct-to-consumer dental savings plan market, but we’re even more excited about investing time and resources to accelerate the growth.”
DentalPlans.com represents more than 30 of the largest dental savings plan networks, which offer individuals, families, businesses and groups access to 10% to 60% off most dental care procedures, available through more than 100,000 participating dentists across the country.
Buddy Johnson, CEO of DentalPlans.com, and Jennifer Stoll, president of DentalPlans.com, will continue to lead the company’s senior management team and guide day-to-day business operations while reporting to its board of directors.
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“Having been a growing, self-sustaining business for more than a decade, we now have a tremendous amount of room to grow,” said Stoll, president of DentalPlans.com.
“The acquisition by Riverside will allow us to continue to boost our business-to-consumer and business-to-business marketing efforts, expand our existing product offerings and educate consumers that dental savings plans are a viable option.”
DentalPlans.com marks Riverside’s 61st health-care investment, making it the most prolific of its four industry specializations. The firm has a dedicated team in its health-care specialization with extensive industry expertise.
Visit DentalPlans.com and the Riverside Company online for more information at www.DentalPlans.com and www.RiversideCompany.com.
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