OMERS Private Equity has helped finance a management-led buyout of U.S.-based Great Expressions dental centres from affiliates of private equity firm Audax Group.
Financial terms of the deal, announced Oct. 21, were not revealed.
Founded in 1982 and headquartered in Bloomfield Hills, Mich., Great Expressions operates 152 dental offices in seven states: Connecticut, Florida, Georgia, Massachusetts, Michigan, Ohio and Virginia.
The dental practice management company has more than 1,800 clinical and support staff and provides a variety of dental services, from orthodontics and fillings to dental surgeries and cosmetic services.
“The benefits that the [dental practice management] industry offers to its patients, dentists and payors makes it an attractive investment opportunity for OMERS,” said Michael Graham, head of U.S. private equity for OMERS.
OMERS currently has more than $5.5 billion of investments under management.