Investment Marks Culmination of Dental Industry Initiative
February 11, 2013 // Huron Capital Partners LLC (“Huron”) announced today that it has invested in Six Month Smiles. Founded in 2006 by Dr. Ryan Swain, Six Month Smiles is a clinically proven and economical approach to adult cosmetic orthodontics used by thousands of general dentists in the US, Canada, the UK, and Ireland. Huron, in partnership with independent sponsor equity group Exium Partners, made the investment with a plan to continue growing the business through geographic expansion and new product offerings. The Six Month Smiles transaction builds on Huron’s prior experience and success investing in the business services market and is the culmination of an active effort to identify investments specifically in the dental market. This latest investment was made through The Huron Fund III L.P., a $350 million private equity fund which closed in 2008.
“We’re excited about this investment,” said Dr. Swain. “Six Month Smiles has grown rapidly over the past several years and this is the right time for us to reinvest in market expansion. As we continue to lead the market with our Short Term Ortho system, we believe the operational experience from our new investors will help us reach new heights.”
“Six Month Smiles has a proven management team, a scalable business model, a dedicated employee base, and loyal customers,” said Huron Partner, Nick Barker. “We are excited to be partnering with the Six Month Smiles management team and working with them in growing the business going forward.”