DECA Dental Welcomes Growth Capital InvestmentJuly 20, 2015
Blue Sea Capital LLC (“Blue Sea”) announced today that it has, in partnership with management, made a significant investment in Deca Dental Group, LLC (“Deca Dental” or the “Company”) to position the Company for continued growth.
Headquartered in Addison, Texas, Deca Dental is a leading dental services organization that supports dentists across more than 30 affiliated practices in providing patients with first-class dental services in a comfortable and convenient neighborhood setting at affordable prices. The Company’s approximately 300 team members, including over 50 dentists, serve patients throughout the Dallas Fort-Worth Metroplex, providing a comprehensive suite of services, including general, orthodontic, surgical, cosmetic and restorative dental treatments.
“We are proud of the outstanding and dedicated clinical staff that Deca supports in delivering top-quality care to an expanding patient base throughout the DFW community,” said Dr. Sulman Ahmed, Founder and Chief Executive Officer of Deca Dental. “We are enthusiastic about our new partnership with Blue Sea, who brings additional resources and dental industry experience to accelerate Deca’s growth and geographic expansion, enabling us to help bring more smiles to patients and our team members as they experience the Deca difference.”
J.R. Davis, Partner at Blue Sea, added, “Deca Dental’s unique, clinician-led delivery model and strong value proposition across its patient, provider and payor constituents, represents a compelling combination that we look forward to supporting as Deca continues its growth trajectory and track record of success. We are thrilled to be partnering with Dr. Ahmed and the Company’s management team in further building this special dental services platform.”
Houlihan Lokey served as exclusive financial advisor to Deca Dental. Financing for the transaction was provided by Golub Capital. Terms of the deal were not disclosed.
About Deca Dental Group
Founded in 2008 and headquartered in Addison, Texas, Deca Dental Group (www.decadental.com) is a leading dental services organization that supports dentists in providing a comprehensive suite of services, including general, orthodontic, surgical, cosmetic and restorative dental treatments, across more than 30 affiliated practices with a leading presence in the Dallas Fort-Worth Metroplex.
Blue Sea Capital is a private equity firm based in West Palm Beach, Florida that invests in growth-oriented lower middle market companies valued up to $300 million. The firm has over $1.4 billion in assets under management and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.