FOR IMMEDIATE RELEASE
January 26, 2017
Richmond, VA – Transact Capital Partners Transact Capital Partners is pleased to announce that H.A. Jack Dunlevy, D.M.D., M.S., a Richmond-based pediatric orthodontics group, was acquired by Spring & Sprout. Transact Capital Partners served as the exclusive financial advisor to Dunlevy Orthodontics. Steve Zacharias managed the transaction for Transact Capital.
Jack Dunlevy founded the practice in 1989 in the Midlothian neighborhood of Richmond. The Practice has developed a stellar reputation over the last 25 years for delivering high-quality orthodontic services to pediatric, and adolescent patients throughout the Richmond area. According to Jack Dunlevy: “The Transact Capital team did an excellent job in presenting me the opportunity, walking me through the process and getting the deal across the finish line. We are very excited to partner with Spring & Sprout.”
Spring & Sprout, owned by Huron Capital, is a dental support organization formed to provide practice support services to dental specialists in Pediatric Dentistry and Orthodontics. With offices in Michigan, Ohio, Pennsylvania, Tennessee, and Texas, this acquisition is the first geographic expansion into the state of Virginia for Spring & Sprout. Founded in 2014, Spring & Sprout has completed 11 affiliations; five of which were added in 2016.
Mick Janness who led the transaction for Spring & Sprout commented: “With our acquisition of the Wood Lombardozzi pediatric dental practice, Jack’s practice was a natural fit for us in this market. We will continue to search out additional Virginia-based practices both in the pediatric dental and orthodontic specialties”.
Transact Capital Partners is a full-service mergers and acquisitions advisory, business brokerage, and valuation firm headquartered in Richmond, VA, with offices in Roanoke and Tidewater, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of privately held companies in the lower middle market with enterprise values under $100 million. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to assist many business owners exit their companies or explore other opportunities. Securities and investment banking transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please contact Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.