Audax Group announced it has completed the acquisition of Great Expressions Dental Centers (“GEDC”) from Dr. Walter Knysz, who founded the company in 1982. Headquartered in Bloomfield Hills, Michigan, with 98 affiliated practices in Michigan, Georgia, Florida, Massachusetts, Ohio, Virginia and Connecticut, GEDC is a dental practice management company providing professional corporations general and specialty services including endodontics, orthodontics, oral surgery, pedodontics, and periodontics. Richard Beckman, Chief Executive Officer of GEDC, will continue to lead the management team along with Dr. Walter Knysz, Chairman of GEDC, who will maintain an investment in the company.
Geoffrey S. Rehnert, Co-Chief Executive Officer, Audax Group, said “GEDC is a scale player in a fragmented industry with exceptional patient and employee satisfaction. We look forward to working with Richard and his team to grow the business by sharing best practices across the company and executing strategic add-on acquisitions.”
Richard Beckman, Chief Executive Officer of GEDC, said “We are excited to be working with Audax Group. Their experience sourcing and integrating add-on acquisitions will be a valuable asset for us as we continue to grow our company.”
Ropes & Gray LLP advised Audax Group. Provident Healthcare Partners, LLC advised GEDC. GMAC Commercial Finance provided debt financing to support the transaction.