Acquisition to accelerate NDX’s growth and leadership position in restorative dentistry solutions
NEW YORK and PALM BEACH GARDENS – October 27, 2020 – Cerberus Capital Management, L.P. (“Cerberus”), a global leader in alternative investing, today announced that one of its affiliates has acquired National Dentex Labs (“NDX” or the “Company”), the largest network of fully-owned dental labs in the United States providing superior restorative dentistry solutions.
NDX offers a broad range of options for both independent dentists and dental service organizations (“DSOs”), meeting the demands of a rapidly changing marketplace and delivering best-in-class solutions to the patients they serve. The transaction will enable the Company to accelerate growth, capitalize on acquisition opportunities, and execute on strategic investments in cutting-edge dental technologies. The NDX management team will continue to lead the Company and its operations.
“This is an exciting milestone for NDX,” said Tom Daulton, Chairman and CEO of NDX. “We’re thrilled to tap into Cerberus’ financial and operational expertise, which will allow us to expand our manufacturing capabilities, pursue strategic lab acquisitions, and invest in new dental technologies. The support from Cerberus will only enhance our ability to deliver superior quality products and service to our customers as we continue to shape the future of the dental lab industry.”
Brett Ingersoll, Senior Managing Director at Cerberus, added, “We look forward to working with the talented NDX team to further expand the Company’s leadership position in the dental lab market. We see compelling organic and inorganic growth opportunities to build on NDX’s industry-leading platform. NDX is well-positioned to capitalize on strong market trends as new and larger DSOs and independent dentists seek lab partners that deliver best-in-class solutions and exceptional customer service at scale.”
Dechert LLP served as legal advisor to Cerberus and Houlihan Lokey served as financial advisor. Moelis & Company LLC served as financial advisor to NDX.
About Cerberus
Founded in 1992, Cerberus is a global leader in alternative investing with over $48 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.
About National Dentex Labs
National Dentex Labs (“NDX”) is a leading provider of dental prosthetics and restorative dentistry products. With a network of 30 full-service labs across the U.S., 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.
Media Contacts
Cerberus
Brooke Flohr / Akash Lodh
+1-914-715-3247 / +1-202-758-4263
Cerberus-SVC@sardverb.com
National Dentex Labs
Mary Roberts
+1-414-839-4175
mroberts@buzzmonkeyspr.com
