Audax Group and Dr. Walter Knysz announced they have completed the sale of Great Expressions Dental Centers (“GEDC”) to OMERS Private Equity. Headquartered in Bloomfield Hills, Michigan, GEDC is a leading dental practice management company providing general and specialty dental services through 152 affiliated practices in Michigan, Georgia, Florida, Massachusetts, Ohio, Virginia and Connecticut. GEDC was founded in 1982 by Dr. Knysz, who served as Chairman. Audax acquired a majority interest from Dr. Knysz in May 2008 and, along with management, subsequently sourced and integrated ten add-on acquisitions.
Geoffrey S. Rehnert, *Co-Chief Executive Officer, Audax Group, said “Rich Beckman and his management team did a terrific job working with us to build the company through add-on acquisitions and by establishing best practices across the company. We implemented financial controls and reporting systems to improve operating efficiencies, enabling affiliated dental providers to remain focused on patient care and clinical excellence. We wish Rich and his team continued success.”
Dr. Walter Knysz, Jr., Chairman of GEDC said, “Audax Group has been a terrific partner. I am so proud to see how far Great Expressions has come since that first day in 1982 when I launched this company with the vision to provide exceptional dental service management. I wish GEDC great success in continuing to fulfill this vision, and I remain dedicated to identifying new ways to expand our dental profession.”
Rich Beckman**, Chief Executive Officer of GEDC said, “Audax Group was a great partner for us. Their experience sourcing and integrating add-on acquisitions along with their operational expertise were key assets as we solidified GEDC’s position as a leader within its core markets.”
William Blair & Company, LLC represented GEDC. Ropes & Gray LLP advised Audax Group.
About Great Expressions Dental Centers
GEDC, founded in 1982 by Dr. Walter Knysz, is a leading provider of comprehensive dental services, including general and preventative care, cosmetic, endodontic, oral and maxillofacial surgery, orthodontics, pedodontics and periodontics. Through a network of 152 dental offices in seven states, GEDC is committed to providing affordable dental care while maintaining clinical excellence and convenience for its patients. For further information, visit www.greatexpressions.com.