Dentalcorp buys Northstar Dental Partners in first US acquisition
GTCR-backed Dentalcorp acquired Florida-based Northstar Dental Partners, marking its first US deal as terms were not disclosed.
By Amanda Ross · Deals Correspondent
· 3 min read
Dentalcorp acquired Northstar Dental Partners, giving the GTCR-backed dental support organization its first acquisition in the US, PE Hub reported. Financial terms were not disclosed for the transaction, which adds a Boca Raton, Florida-based group of dental practices to a Toronto-based platform that supports more than 650 practices and nearly 6 million patient visits a year.
The Dentalcorp Northstar Dental Partners deal extends a Canadian dental support model into the US market. Dentalcorp is backed by GTCR, the Chicago-based private equity firm, according to PE Hub.
Northstar founder and CEO Dr. Jordan Tomalty will keep an ownership stake in the business after the acquisition, PE Hub reported. The retained stake means Tomalty remains economically tied to the company following the change in control.
What is Dentalcorp buying in the US?
Dentalcorp is buying Northstar Dental Partners, a dental practice group headquartered in Boca Raton, Florida. The transaction is Dentalcorp’s first acquisition in the US, according to PE Hub, making it a cross-border expansion for a company based in Toronto.
A dental support organization provides support services to a network of dental practices. In Dentalcorp’s case, PE Hub reported that the company supports a network of more than 650 practices with nearly 6 million patient visits annually.
Dentalcorp CEO and founder Graham Rosenberg said the company had set out 15 years ago to build a dental organization that put “world-class support” behind care teams. He described Northstar as an “exceptional company” and said Tomalty matched the type of partner Dentalcorp seeks as it expands in the US, according to PE Hub.
Advisers on the transaction
Dentalcorp used several advisers on the acquisition. PE Hub reported that McDermott Will & Schulte LLP acted as legal counsel, while Plante Moran served as financial adviser.
Baker Tilly, KPMG and Marwood advised Dentalcorp on tax, commercial and regulatory matters, respectively. Weil, Gotshal & Manges LLP, Goodmans LLP and Latham & Watkins LLP also advised Dentalcorp on related corporate matters, PE Hub reported.
Northstar Dental Partners was advised by Greenberg Traurig and Galvan Messick, which served as legal counsel to the company.
Why the deal is relevant to private equity
The acquisition places another dental services transaction within the broader private equity-backed healthcare services sector. Dental practice groups often attract financial sponsors because centralized support can be paired with affiliated local practices, though the economics and regulatory structure of each transaction depend on the specific deal.
PE Hub did not report the purchase price, valuation multiple, financing structure or closing date. Without those details, the immediate financial impact on Dentalcorp, Northstar or GTCR cannot be assessed from the disclosed information.
The confirmed details are narrower: Dentalcorp has entered the US through the acquisition of Northstar Dental Partners, Northstar’s founder will retain an ownership stake, and the buyer remains a large dental support organization with a practice network spanning more than 650 locations.
This story draws on original reporting from PE Hub.
