Young Innovations (Algonquin, Illinois), a global manufacturer and distributor of dental supplies and equipment, today announced the acquisition of American Eagle Instruments Inc. American Eagle is a global manufacturer of dental hand instruments and related supplies based in Missoula, Montana.
“We are incredibly proud to partner with American Eagle,” said Dave Sproat, CEO of Young Innovations. “American Eagle has a distinguished legacy of manufacturing high quality products in the USA, and their brand is well known across the globe as a superior clinical solution for dental professionals and patients.”
“Our acquisition of American Eagle builds on Young’s foundation in preventive dentistry and allows us to offer a complete portfolio of premium branded preventive products,” added Andrew Jones, vice president of corporate development at Young Innovations. “We will continue to aggressively pursue our focused acquisition strategy to drive future growth in our core categories.”
“The combination of American Eagle and Young’s strong international customer relationships and clinical focus will support accelerated global expansion for the combined Company,” said Dan Garrick, vice president of global business development at Young Innovations. “Further, the breadth and quality of the product portfolio will facilitate our ability to offer our premium products in attractive markets around the world.”
“We built American Eagle Instruments over the last 25 years to provide the world’s finest quality dental hand instruments, with a focus on Better Dentistry by Design,” said Brad Heckerman, founder and CEO of American Eagle. “We feel strongly that Young is an outstanding partner to shepherd the company forward to continued success and the sustained development of the American Eagle family.”
Brad Heckerman will join Young on a consulting basis following the transaction. There are no changes to ordering and service procedures for customers or vendors. American Eagle products will continue to be manufactured in Montana.
Young Innovations, Inc. is a portfolio company of Linden Capital Partners. D.A. Davidson & Co. served as the exclusive financial advisor to American Eagle Instruments, Inc. in this transaction. Linden Capital Partners is Chicago-based private equity firm focused exclusively on leveraged buyouts in the health-care and life-sciences industries.
Editor's note: The above is an edited version of a press release issued 3 May 2017.
This article first appeared in the Apex360 e-newsletter. Apex360 is a DentistryIQ partner publication for dental practitioners and members of the dental industry. Its goal is to provide timely dental information and present it in meaningful context, empowering those in the dental space to make better business decisions. Subscribe to the Apex360 e-newsletter here.