National Dentex Acquires Dental Services Group to Create North America’s Largest Dental Lab Network
PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Apr 1, 2021--
National Dentex Labs (“NDX”), the largest network of fully-owned dental labs in the United States providing superior restorative dentistry solutions, announced today the acquisition of Dental Services Group (“DSG”), a growing network of dental laboratories across North America. The combined company will operate under the National Dentex Labs brand and NDX CEO Tom Daulton will serve as the Chief Executive Officer.
Based in St. Petersburg, Florida, DSG’s full-service laboratory network offers customers a variety of options in fixed, removable, implant, orthodontics, and sleep dentistry products and services. The combined company will share best practices and capabilities to deliver a leading portfolio of solutions to independent dentists and dental service organizations (“DSOs”). Together, the organization, supported by nearly 4,000 employees, will provide its more than 50,000 customers across North America with cost-effective options that deliver the best treatment outcomes for patients. Customers will enjoy the combined company’s improved national coverage and benefit from the expanded product and service offerings.
“This union creates an even stronger lab network to support all our customers and the patients they serve every day,” said Tom Daulton, Chief Executive Officer of NDX. “DSG brings complementary technical expertise, DSO relationships, and variety of options from their full-service laboratory network. DSG and NDX share the same core values and drive to continually deliver value, quality, innovation, and exceptional experience to our customers.”
Lou Azzara, Chief Executive Officer of DSG, commented: “Together, through our advanced technology and with the industry’s top talent, we believe we are creating one of the strongest dental lab companies in the world. We will be able to offer a broad range of options for all market segments, meeting the demands of a rapidly changing marketplace and delivering best-in-class restorative solutions to those we serve.”
NDX was acquired by an affiliate of Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, in October 2020. Brett Ingersoll, Senior Managing Director at Cerberus, added: “DSOs and independent dentists are seeking lab partners that deliver leading solutions and services at scale. With its market-leading portfolio and extensive reach, we are confident the combined company will be at forefront of shaping the future of the dental lab industry.”
About National Dentex Labs
National Dentex Labs (“NDX”) is a leading provider of dental prosthetics and restorative dentistry products. With a network of more than 30 full-service labs across the US, NDX is committed to providing top quality products and highly personalized service. Using the most advanced dental restoration techniques and technologies, NDX offers crowns and bridges, implants, appliances, and orthodontics, as well as headache and sleep therapy products. For more information, please visit www.nationaldentex.com.
About Dental Services Group
Dental Services Group, a growing network of dental laboratories based in the US, Canada and Mexico, provides dentists with the best of both worlds: the personal relationship and care of a local laboratory, combined with the technical expertise and full suite of offerings of a national laboratory. Headquartered in St. Petersburg, Florida, DSG’s full-service laboratory network offers customers a variety of options in fixed, removable, implant, orthodontics, and sleep dentistry products and services. As a strong supporter of digital impression dentistry, DSG also has various programs available to help practices join this revolution. For more information, please visit www.dentalservices.net.
Founded in 1992, Cerberus is a global leader in alternative investing with over $53 billion in assets across complementary credit, private equity, and real estate strategies. We invest across the capital structure where our integrated investment platforms and proprietary operating capabilities create an edge to improve performance and drive long-term value. Our tenured teams have experience working collaboratively across asset classes, sectors, and geographies to seek strong risk-adjusted returns for our investors. For more information about our people and platforms, visit us at www.cerberus.com.
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CONTACT: For National Dentex Labs
Mary Roberts, 414-839-4175
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES HEALTH DENTAL FINANCE
SOURCE: National Dentex Labs
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PUB: 04/01/2021 12:00 PM/DISC: 04/01/2021 12:01 PM