Cerberus acquires National Dentex Labs
NEW YORK, N.Y., and PALM BEACH GARDENS, Fla., USA: Cerberus Capital Management, L.P., known as a global leader in alternative investing, announced that one of its affiliates has acquired National Dentex Labs (NDX), the largest network of fully owned dental labs in the United States dedicated to providing superior restorative dentistry solutions.
According to a press release, NDX offers a broad range of options for both independent dentists and dental service organizations (DSOs), meeting the demands of a rapidly changing marketplace and delivering best-in-class solutions to the patients they serve. The transaction will enable the company to accelerate growth, capitalize on acquisition opportunities and execute on strategic investments in cutting-edge dental technologies, the press release said.
The NDX management team will continue to lead the company and its operations.
“This is an exciting milestone for NDX,” said Tom Daulton, chairman and CEO of NDX. “We’re thrilled to tap into Cerberus’ financial and operational expertise, which will allow us to expand our manufacturing capabilities, pursue strategic lab acquisitions and invest in new dental technologies. The support from Cerberus will only enhance our ability to deliver superior quality products and service to our customers as we continue to shape the future of the dental lab industry.”
Brett Ingersoll, senior managing director at Cerberus, said, “We look forward to working with the talented NDX team to further expand the company’s leadership position in the dental lab market. We see compelling organic and inorganic growth opportunities to build on NDX’s industry-leading platform. NDX is well-positioned to capitalize on strong market trends as new and larger DSOs and independent dentists seek lab partners that deliver best-in-class solutions and exceptional customer service at scale.”
Dechert LLP served as legal advisor to Cerberus, and Houlihan Lokey served as financial advisor. Moelis & Co. LLC served as financial advisor to NDX.