Deloitte Corporate Finance LLC advises Southern Dental Alliance on its sale to Pouschine Cook Capital Management, LLC
CHARLOTTE, N.C., Aug. 30, 2017 — Deloitte Corporate Finance LLC acted as exclusive financial advisor to Atlanta-based VSM Management, LLC d/b/a Southern Dental Alliance (Southern Dental) on its sale to Pouschine Cook Capital Management, LLC (Pouschine Cook) and its co-investor group. Southern Dental is a leading multi-specialty dental service organization (DSO) in the Southeastern U.S., with 32 clinic locations across eight brands. The transaction, which closed Aug. 4, 2017, will support continued growth and future acquisitions as the company expands into new markets and states.
“DCF’s assistance was indispensable for us throughout the transaction process, offering both expertise in the space and extensive resources. We are excited about our future growth prospects and the new partnership with Pouschine Cook,” said Mark Lakis, CEO of Southern Dental.
Tom Harbin, managing partner at Source Capital, LLC, echoed the sentiment, “DCF’s deep knowledge of the dental space was invaluable and helped lead to a successful transaction. We could not be more pleased with the outcome.”
“We’ve completed quite a few deals in the dental space in recent years,” said Tom Spivey, managing director, Deloitte Corporate Finance LLC. “That niche sector experience tells us Southern Dental has built an impressive platform in the Southeastern U.S. Its new partnership with Pouschine Cook could allow the company to move forward with several acquisitions and growth opportunities in its robust pipeline.”
About VSM Management, LLC d/b/a Southern Dental Alliance
Southern Dental is a leading multi-specialty DSO in the southeastern U.S. The company supports 32 affiliated practices across three states, eight brands, and four specialty services. Southern Dental is committed to helping their affiliated practices provide the highest quality patient care, by providing non-clinical resources and support to its affiliated doctors. In doing so, the Company is able to allow strong regional brands to retain their identities and ensure that the doctors can focus on caring for patients. The Company has plans to expand into neighboring geographies and states in the coming years. For more information, visit www.southerndentalalliance.com.
About Pouschine Cook Capital Management, LLC
Pouschine Cook invests in niche, lower-middle-market companies that are leaders and innovators in their respective industries, with a focus on health care services and business products and services. Whether making a strategic non-control or a control investment, as seasoned investment professionals with significant operating, corporate development and corporate finance experience, Pouschine Cook’s professionals work closely with management and shareholders to build equity value. For more information, visit www.pouschinecook.com.
About Source Capital, LLC
Source Capital, LLC is a private equity firm founded in 2002 which makes both control equity investments and mezzanine debt investments into mature, lower middle-market U.S. companies across a range of industries. Source Capital's investment strategy targets healthy growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Source Capital has completed acquisitions and invested across a broad selection of industries including: business services, light manufacturing, consumer products & services, healthcare, and value-added distribution. Source Capital has offices in Atlanta and San Francisco. For more information, visit www.source-cap.com.
About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC (DCF) 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, include 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 our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.