WOODBRIDGE, VA.--(BUSINESS WIRE)--
Light Wave Dental Management (“Light Wave”), a leading dental support organization with 26 locations in Virginia and 10 locations in North Carolina, announced today a long-term management arrangement with Triangle Family Dentistry, a high-growth dental group based in Raleigh, North Carolina with 6 locations. The affiliation between Triangle Family Dentistry, CarolinasDentist, and Light Wave Dental creates one of the largest and fastest growing supported dental groups in the Mid-Atlantic region. Previously, Light Wave Dental also affiliated with 2 high-growth practices in the Charlotte region of North Carolina: Gastonia Family Dentistry and Pleasant Plains Dental.
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With strong financial backing from Alpine Investors (“Alpine”), a private equity firm with a unique PeopleFirst approach, Light Wave Dental is committed to transforming the dental group practice model through a unique management company that is part owned by private equity and part owned by the dentists themselves, creating alignment between the interests of the dentists and investors.
Light Wave has grown from 8 to 42 affiliate locations in Virginia and North Carolina over the last three years and is looking to expand into additional states in the Mid-Atlantic region over the next few years. “The dental industry is undergoing a wave of rapid change and we find that dentist-owned groups are looking for a high-quality partner with support infrastructure and capital for growth,” said Justin Jory, Founder and CEO at Light Wave. “We find that our light touch approach to integration and our focus on preserving the spirit of private practice is a great fit for larger format, higher quality dental practices like Triangle Family Dentistry. Additionally, we have a proven ownership program that allows high-performing associate dentists to buy ownership in the management company which is especially appealing to our affiliates.”
Triangle Family Dentistry (“Triangle”) is building beautiful dental offices providing state-of-the-art comfort dentistry for patients in the Raleigh market. Triangle built 6 offices over the last ten years in Raleigh with plans to open several more offices over the coming years. “We are excited to be working with Justin and Light Wave to build the best dental group in the Mid-Atlantic focused on quality patient care,” said Dr. Hesham Baky Co-Founder and Senior Partner of Triangle Family Dentistry. “We saw a significant growth opportunity in Raleigh and we needed a high quality partner with additional capital for growth. Partnering with the highest quality and fastest growing group in Virginia and North Carolina was an easy decision for us,” said Dr. Jonathan Boes, Co-Founder and Senior Partner of Triangle Family Dentistry.
Light Wave was advised by Waller, Lansden, Dortch & Davis, and Triangle Family Dentistry was advised by the Eskow Law Group and MORR Dental Transitions in the transaction.
About Alpine Investors
Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program where Alpine partners with CEOs first and places them into companies as part of the transaction. This provides a distinct solution for situations where additional or new management is desired post-transaction. For more information, visit www.alpineinvestors.com.
About Light Wave Dental Management
Light Wave Dental Management is a leading dental leadership organization with 26 affiliate locations in Virginia and 16 in North Carolina. Light Wave is solving the big problems in dentistry: retirement, management, reimbursements, and partnership by providing the benefits of group dentistry while preserving the essence of private practice. For more information, visit www.lightwavedental.com.
About Triangle Family Dentistry
Triangle Family Dentistry is a high growth dental group with 6 locations in Raleigh, North Carolina focused on providing state-of-the-art comfort dentistry. Triangle is building several new locations in the Raleigh market over the coming years. For more information, visit www.trianglefamilydentistry.com.
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