Dental News - DenMat changes ownership, management through acquisition

Dental Tribune International

Thu. 1 December 2011

save

SANTA MARIA/LOS ANGELES, Calif., & NEW YORK CITY, N.Y. USA: It has been reported that Mill Street Partners, a Los Angeles-based dental consultant, has closed its first major business transaction with selling DenMat Holdings to private enquity firm Centre Partner in New York. The change of ownership took place in mid-November and also saw a new management put in charge of the dental restoratives specialist.

Financial details of the deal were not disclosed. According to figures published by the magazine Pacific Coast Business Times, DenMat was generating over $110 million revenue in 2008. Prior to the acquisition, the maker of Lumineers, a brand of very thin veneers for smile enhancement, was owned by Credit Suisse affiliate DLJMB, which took full control of the holding in 2007.

Mill Street Partners, which will provide all members of the new executive team, announced that it will focus on expanding the company’s current portfolio of aesthetic and restorative solutions as well as to expand its worldwide distribution network.

The company was set up by former dental industry executives Steve Semmelmayer, Robert Cartega and Todd Tiberi in May 2011.

Based in Santa Maria, DenMat Holdings currently employs more than 400 people. It was founded in in 1974 by dentist Dr Robert Ibsen, who resigned in 2008.

CORRECTION: In an earlier version of this article, DT ONLINE incorrectly stated that Dr Robert Ibsen is still associated with Denmat Holdings. In fact, Dr Ibsen is not associated with Denmat Holdings.

To post a reply please login or register

New materials: ‘If nothing changes, nothing changes’

In a Dental Tribune Study Club session sponsored by Shofu Dental Corp. at the American Dental Association Annual Session in New Orleans, Ron Kaminer, DDS, ...

ADA announces major changes to radiography safety protocols

CHICAGO, US: An expert panel established by the American Dental Association (ADA) Council on Scientific Affairs has published new recommendations for safety...

Align completes acquisition of Cadent

Align Technology announced May 2 that it has completed the acquisition of privately-held Cadent Holdings (Cadent), a leading provider of 3-D digital ...

3D-printing acquisition may help Align Technology to break the mould

SAN JOSE, Calif., US: Align Technology has completed its acquisition of Cubicure, a polymer specialist and pioneer of direct 3D-printing technology based in...

Better sleep through dentistry?

In an interview with Dental Tribune, Dr Gy Yatros of Dental Sleep Solutions in Holmes Beach, FL, USA, discusses obstructive sleep apnea, its medical ...

Better dentistry through Selenium

NEW YORK, NY, USA: Selenium Ltd., a biopharmaceutical company based in Lubbock, Texas, founded in 2004 out of research from Texas Tech University, is using ...

U.S. dental acquisition comes under legal fire

NEW YORK CITY, N.Y., USA: Multiple U.S. law firms are seeking shareholders of American Dental Partners in order to investigate claims against the company's ...

Conservative aesthetic management of white spot fluorosis lesions

Dental fluorosis is an enamel anomaly that adversely affects inorganic phase deposition and organisation, causing enamel hypomineralisation.1 Despite the ...

Continuing education and changes in endodontics

How fortunate we are, to be members of such an incredible profession. In spite of the pandemic, the opportunities to learn new and better techniques are ...

Complex reconstruction changes a patient’s life

After years of not smiling and experiencing pain with chewing at every meal, Carmen decided to do something significant to change her life. My team and I ...

Education

Live webinar
Mon. 22 April 2024
10:00 AM EST (New York)