Halifax Partners with Management to Recapitalize Familia Dental
WASHINGTON, DC and CHICAGO, IL – April 13, 2016 – The Halifax Group (“Halifax”) announced today that it has completed, in partnership with management, an investment in Familia Dental Group Holdings, LLC (“Familia”), a leading dental services organization. Terms of the transaction were not disclosed.
Familia, headquartered in suburban Chicago, provides quality, affordable dental care to underserved populations in smaller markets across five states. The Company provides general dentistry, orthodontics and oral surgery services to over 250,000 patients annually. The business was founded in 2008 by CEO and Founder Dr. Koushan H. Azad, and now has 31 clinics, half of them in the Upper Midwest, with several expected openings slated for later this year.
“Halifax has been focused on the health and wellness sector for 16 years, and we are particularly excited to partner with a great entrepreneur and a dynamic team in what is a fragmented and stable dental services sector,” said Scott Van Duinen, Partner at Halifax. “Dr. Azad has built a truly differentiated business model and overseen a period of tremendous growth. We look forward to working with Dr. Azad to capitalize on his vision to build a national dental services organization.”
“Halifax’s extensive financial and operational resources, as well as broad experience in healthcare services, will be invaluable as we prepare Familia for its next phase of growth,” commented Dr. Azad. “This partnership will enable us to expand our network, to broaden our service offering, and to continue to invest in technology to better serve our patients. I expect Halifax’s knowledge and capital to help us accelerate the opening of new clinics.”
About Familia Dental
Familia Dental is a dental services platform committed to providing high quality, convenient, and affordable general dentistry and orthodontic services with a caring, respectful approach. Its mission is to provide patients with access to comprehensive dental care in modern, state-of-the-art family centers. The company currently operates 31 clinics in Illinois, Indiana, Wisconsin, New Mexico, and Texas, in cities and communities as small as 20,000 people. Visit the website www.familiadental.com to learn more.
About The Halifax Group
The Halifax Group is a private equity firm that partners with managers and entrepreneurs to recapitalize and grow lower middle-market businesses across a variety of industries, including health and wellness, infrastructure, business services, and franchising. The firm maintains offices in Washington, D.C.; Dallas, TX; and Raleigh, NC. For more information, please visit www.thehalifaxgroup.com.
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