DCF advises the affiliation of Konikoff Dental Associates with Dental Care Alliance – Press release | Deloitte US has been added to your bookmarks.
Deloitte Corporate Finance LLC advises the affiliation of Konikoff Dental Associates, Inc. with Dental Care Alliance LLC
CHARLOTTE, N.C., Dec. 13, 2016—Deloitte Corporate Finance LLC (DCF) acted as exclusive financial advisor to Konikoff Dental Associates, Inc. (KDA) in its affiliation with Dental Care Alliance LLC (DCA), a portfolio company of Harvest Partners, LP. The transaction closed Oct. 7, 2016.
Headquartered in Virginia Beach, Virginia, KDA is a leading provider of a full suite of comprehensive dental services, providing an array of general dentistry services to adults and children as well as select specialty dentistry services such as endodontics, oral surgery, and pediatric dentistry. KDA has approximately 170,000 patients at its ten locations located throughout the Hampton Roads region. KDA has an experienced management team and employs more than 35 dentists, nearly 70 hygienists, approximately 80 dental assistants, and more than 10 in-house lab technicians.
“Deloitte Corporate Finance did an outstanding job assisting our team in finding a strategic partner with a strong, established platform in the industry,” said David Konikoff, D.D.S., founder and president, KDA. “We are very pleased with the outcome and appreciate the advisory service experience Deloitte Corporate Finance exhibited when helping us achieve our company’s objectives. Importantly, we feel as though we have identified a great new partner in DCA, a firm with an outstanding reputation and excellent team and resources. We are excited about this new partnership and look forward to being part of the DCA team.”
“We’re very appreciative of the rewarding opportunity we have been afforded through working with the management team of KDA. KDA has a deep rooted relationship in the dental service industry and its newly established relationship with DCA will help enable it to catalyze its next stage of growth,” said Lou Paone, managing director, Deloitte Corporate Finance LLC. “We believe that the dentists of KDA will greatly appreciate this partnership in the years to come.”
About Konikoff Dental Associates, Inc.
Founded in 1979 and headquartered in Virginia Beach, Virginia, KDA is a leading regional provider of cosmetic dentistry, restorative dentistry, oral hygiene, and specialties, including that of endodontia, oral surgery, and pediatric dentistry. The company operates out of ten office locations and provides for an active patient base of approximately 170,000 individuals. KDA employs a professionally skilled staff of 35+ dentists, nearly 70 hygienists, approximately 80 dental assistants and 10+ in-house lab technicians led by an experienced management team that is dedicated to providing the community with the best quality care and treatment in a uniquely energetic atmosphere. For more information, visit www.konikoffdental.com.
About Dental Care Alliance LLC
Formed in 1991 and headquartered in Sarasota, Florida, DCA is one of the largest multibranded dental support organizations in the U.S. The company supports a network of 249 practices across 13 states. As part of its strategic plan, it seeks to identify and, in partnership with management teams, affiliate with practices and organizations enable it to expand its footprint to support more dentists and patients. Its vision is to establish DCA as the leading dental support organization in the U.S. For more information, visit www.dentalcarealliance.net.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial, and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. DCF, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, includes in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.
Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.
Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.