123Dentist and Altima Dental Merge with Support from Peloton Capital, KKR, Heartland Dental and Sentinel Capital Partners

Peloton Capital Management Invests C$75M in 123Dentist

June 27, 2019

Healthcare Services

Peloton Capital Management (PCM) invested C$75 million in 123Dentist to support the Canadian dental group's national expansion and to strengthen its back-office, marketing, and operational capabilities. The investment — PCM’s first deal following the first close of PCM Fund I (C$330M) — is structured with most capital upfront and an equity line of credit to support a buy-and-build growth strategy while preserving founder control.

123Dentist Acquires MCA Dental Group Limited

October 15, 2025

Healthcare Services

123Dentist entered into a definitive agreement to acquire MCA Dental Group Limited, an Ottawa-based dental support organization with 27 locations across Ontario and Québec. After completion, MCA Dental Group’s corporate brand will be retired and operations will transition to 123Dentist under a unified brand.

PG Dental Holdings Merges with Allied Dental Holdings

December 1, 2020

Dental

PG Dental Holdings, backed by TriSpan, has completed a merger with Allied Dental Holdings to create the largest dental service organization (DSO) footprint in New Jersey and expand presence in Pennsylvania and Maryland. Pro forma the transaction, the combined organization will manage 79 multi-specialty practices employing over 200 dentists and more than 130 corporate staff.

SALT Dental Partners (LCM-backed) Completes Multiple Practice Partnerships

April 10, 2024

Healthcare Services

LCM-backed SALT Dental Partners, a Phoenix-based dental partnership organization focused on pediatric dentistry and orthodontics, executed 19 strategic partnerships in 2023 — adding roughly 40 locations and expanding to 90+ locations across 13 states. Since early 2024 the company has partnered with six additional practices (with five more expected to close by Q2 2024) as it expands into oral surgery and scales its centralized support functions.

Dental Alliance Group Acquires American Dental Designs and Global Dentech

September 16, 2025

Healthcare Services

Dental Alliance Group (DAG) has acquired American Dental Designs and Global Dentech (collectively, ADD) to expand its national dental laboratory platform. The deal strengthens DAG’s geographic reach, DSO relationships, and technical capabilities to deliver full-service dental lab solutions to clinicians nationwide.

Heartland Dental Acquires American Dental Partners (ADPI)

May 14, 2021

Healthcare Services

Heartland Dental, the Effingham, Illinois-based dental support organization majority owned by KKR, signed an agreement to acquire American Dental Partners (ADPI), a Wakefield, Massachusetts–based DSO that supports 23 dental group practices and roughly 278 locations. ADPI, a portfolio company of JLL Partners, will join Heartland’s network (creating a combined footprint of over 2,300 supported dentists and more than 1,400 locations); the deal is structured as an add-on to Heartland’s KKR-backed platform and is expected to close in Q2 2021 subject to customary conditions.