THE ANGELS–(BUSINESS WIRE)–West Coast Dental Services (“WCD”), a leading provider of high quality multi-specialty dental and orthodontic care in California, today announced that Court Square Capital Partners (“Court Square”), a middle market-focused private equity firm with $7.6 billion in assets under management, has made a major investment in WCD’s support organization. With Court Square’s support, WCD will be in the best position to accelerate its plans to provide greater access to high-quality family dental and orthodontic care in the communities it serves.
WCD currently has 40 multi-specialty dental and orthodontic offices throughout California, including West Coast Dental and Magicland brand offices, and employs over 130 highly skilled general and specialist dentists providing care to more than 425,000 patient visits each year. In 2021, WCD celebrated 30th anniversary of its founding in 1991.
“As dentists, our patients will always be at the heart of our mission to provide comprehensive, high-quality dental care through a combination of high standards of care, the expertise of our general and specialist dentists and orthodontists, and the use of state-of-the-art technology,” said Dr. Payam Sohrab, CEO and President of West Coast Dental. “We are excited to partner with Court Square because of their deep industry knowledge and successful track record working with founder-owned and executive-owned businesses.”
The capital investment comes after a period of significant growth for WCD. Since its founding, WCD has invested heavily in its infrastructure and people to meet the growing need in the California dental care market and to sustainably support its plans for significant expansion and consolidation in the sector. WCD is well positioned for the next stage of its growth strategy through its partnership with Court Square.
“We have been impressed with the strong platform the West Coast Dental team has built and are excited to partner with Dr. Sohrab and the WCD team to help achieve the next phase of the company’s growth plans.” This investment is a testament to our 40-year history of successfully partnering with founders, families and owner-managers to help drive significant value creation while remaining committed to our core values of excellence and quality,” said Jeff Abramoff, Partner at Court Square. “WCD has all the hallmarks of a Court Square Deal and we are confident in its ability to deliver on its exciting strategic vision for the future.”
Following the completion of the equity investment, WCD founders Dr. Farid Pakravan, Dr. Soleiman Cohen Sej and Dr. Farhad Manavi will remain investors along with Court Square, and Dr. Payam Sohrab will remain CEO and President of the company .
SVB Securities served as exclusive financial advisor to West Coast Dental and Harris Williams as financial advisor to Court Square.
About West Coast Dental
Founded in 1991 by a group of dedicated dental professionals, West Coast Dental is a leading provider of multi-specialty dental and orthodontic care primarily serving the Southern California market. Through its 40 state-of-the-art dental practices in the state of California, West Coast Dental provides the highest standard of care to over 425,000 patient visits each year using the latest technology with a team of talented general dentists and specialists. For more information, visit www.westcoastdental.com.
About Court Square
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, Court Square has made over 245 platform investments, helping managers, families and founding owners develop their companies into leaders in their respective markets. Court Square invests in companies that have compelling growth potential in the business services, industrials, healthcare, technology and telecommunications sectors. Court Square manages $7.6 billion in assets and is based in New York, New York. For more information about Court Square, please visit www.courtsquare.com.