Recent News and Announcements from Centre Partners
New York, NY (Nov. 16, 2011) – Centre Partners today announced that it has completed the acquisition of Den-Mat Holdings in partnership with Mill Street Partners LLC.
Den-Mat is the world leader in thin, porcelain veneer systems for smile enhancement. The company also offers a wide range of other aesthetic and restorative smile solutions, as well as a broad array of professional dental materials and supplies.
Den-Mat will be led by a new management team consisting of Chief Executive Officer Steve Semmelmayer, Chief Operating Officer Robert Cartagena, and Chief Administrative Officer Todd Tiberi. All three served as part of the executive team at Discus Dental, LLC, prior to its sale to Royal Philips Electronics in December 2010. Under this new team Den-Mat will continue to focus on development of its laboratory products and services, and building out its direct distribution network for both current and future professional dental products.
“We and Mill Street are excited about our acquisition of Den-Mat,” said Robert Bergmann, Senior Partner at Centre Partners. “We look forward to working together to build on the company’s strong reputation and rich heritage of market leadership and innovation. We are committed to making additional acquisitions of dental companies, with a focus on adding new products and technologies as we build Den-Mat into a global dental business.”
“We are excited to have Centre Partners as our business and financial partner,” said Den-Mat CEO Steve Semmelmayer. “Our goal is to expand Den-Mat’s product offerings and provide dental professionals with a wider range of dental supplies and equipment. Continued access to capital and expertise from Centre Partners, coupled with our new strategic direction, will promote additional growth and provide additional value to our customers.”
About Centre Partners
Centre Partners, founded in 1986, is a leading private equity firm with a middle market focus that seeks to make acquisitions and equity investments alongside management teams who have or desire a meaningful economic stake in the future success of their businesses. Centre Partners has invested over $3 billion in more than 90 transactions, partnering with management teams across a broad spectrum of industries. Centre Partners provides those teams with access to its unique resources, which include an extended network of experienced and proven operating executives. The firm is currently investing through its fifth fund.
About Den-Mat Holdings, LLC
Founded by Dr. Robert Ibsen in Santa Maria, California in 1974, Den-Mat’s range of innovative clinical and practice-management solutions have been in the forefront of dentistry. Den-Mat’s Smile Continuum features a range of minimally invasive, aesthetic options, such as LUMIBrite™ tooth whitening products, Snap-On Smile® and LUMINEERS® porcelain veneers. Den-Mat’s professional products include award-winning restoratives, cements and adhesive materials such as Core Paste®, Geristore® Infinity®, Tenure®, Ultra-Bond® and Virtuoso®, as well as the innovative Sapphire® Light platform.
About Mill Street Partners
Founded in Los Angeles in 2011, Mill Street Partners provides strategic investment advice in the dental and medical device industries. Its founders are Steve Semmelmayer, former president and general manager of Kerr (a division of Sybron); Robert Cartagena, an 18-year veteran of the dental industry and former COO of Discus Dental LLC; and Todd Tiberi, former VP and general counsel of Discus Dental and attorney at New York-based Skadden, Arps, Slate, Meagher & Flom LLP.