TUSK Partners (“TUSK”), the premier dental-focused M&A Advisor, advised Werner Orthodontics in its sale to Spark Orthodontics, a portfolio company of Rock Mountain Capital. The transaction was led by Kevin Sauer, Director of Mergers & Acquisitions at TUSK Partners. Alex Cherniavsky, and George May, spearheaded the diligence and analytics efforts for TUSK.
For nearly 20 years, Werner Orthodontics has provided confident smiles throughout Indianapolis, Greenfield and McCordsville, Indiana. Under the leadership of Dr. Greg Werner, Werner Orthodontics is committed to serving its local communities with a patient-centered business model that brings top-level dental care to the greater Indianapolis area. With 2 clinic locations, Werner Orthodontics is a leading Orthodontic group in the state of Indiana.
Dr. Greg Werner, Founder of Werner Orthodontics commented, “I was introduced to TUSK from another practice broker early in my search process. I knew from our first meeting that their team is above the rest. TUSK did an incredible job running an efficient process and juggled going broad in the market to ensure my expectations were exceeded. They were able to get a deal done in the timeline I desired, which resulted in a premium valuation with the perfect partner. Their team was fully committed to my business, and in retrospect, I can’t imagine going through this process without TUSK on my side. I could not be more excited to join Dr. Jason Hartman and Spark DSO as we look to execute on future growth acquisitions.”
Kevin Sauer, Director of Mergers & Acquisitions at TUSK added, “We are elated with the new partnership between Werner Orthodontics and Spark DSO. Both organizations had the same core values at the center of their businesses. After going broad to the market, it was quickly recognizable that Werner Orthodontics and Spark were the perfect fit. We look forward to watching them grow together and positively impact the business of dentistry.”
Thad Miller, Founder of DDS Match, commented “I had known Dr. Werner for a while and couldn’t be happier with the outcome of his transaction. TUSK was able to provide a full-commit to his business which resulted in a premium valuation with a great partner.”
Dr. Jason Hartman, President of Spark Orthodontics, commented “Dr. Greg Werner and his team represented the same cultural DNA that is at the core of Spark. Their patient-centric approach in their daily operations was obvious early in the process, making the business an acquisition opportunity that we couldn’t resist. We look forward to aiding Werner Orthodontics in their future growth plan and continuing to serve the central Indiana communities with first-class orthodontic care.”
About Spark Orthodontics
Spark Orthodontics was founded in 2010 by Dr. Jason M. Hartman, D.M.D., M.S. The practice is known for its innovative office designs and is widely recognized as a leader in orthodontics. Dr. Hartman received a Bachelor’s degree from Muhlenberg College, Magna Cum Laude; a D.M.D. from the University of Pennsylvania School of Dental Medicine; and an M.S. from the Columbia University College of Dental Medicine. He is a Certified Diplomate of the American Board of Orthodontics, a degree of recognized excellence. In 2012 Dr. Hartman was named One of America’s “Top 40 Dentists Under Age 40″ by Incisal Edge Magazine and has led Spark to the Inc 5000 list multiple times. For more information, visit https://sparkorthodontics.com.
About Rock Mountain Capital
Rock Mountain Capital is a private equity firm founded by industry veteran David Stonehill, who brings over 25 years of experience investing in and growing middle market companies. Rock Mountain focuses on working with entrepreneurs and management teams in the consumer goods & services, technology, media & telecom (TMT), and consumer-facing healthcare services sectors to accelerate organizational development, execute on organic growth opportunities and pursue strategic M&A and roll-up/consolidation strategies. For more information, visit https://rockmountaincapital.com/.
About TUSK Partners
TUSK Partners (“TUSK”) provides M&A Advisory services in the dental industry. TUSK has completed over $600M of transactions across all specialties. With an in-depth understanding of the marketplace and access to 100’s of buyers nationwide, we help our clients confidently pursue M&A transactions that maximize their long-term value. With our significant collective experience of over 40+ years of dental practice transaction, we offer our clients solutions that help them to achieve their strategic and financial objectives. For more information, visit https://tusk-partners.com.