MARIETTA, Ga.--(BUSINESS WIRE)--Apr 12, 2019--Benevis LLC (“Benevis” or the “Company”) a leading dental support organization (“DSO”) that provides non-clinical support functions to dental offices nationwide, today announced that Rich Beckman has been appointed Chief Executive Officer. Littlejohn & Co. and Tailwind Capital led a recapitalization of Benevis in March 2018.
Mr. Beckman is a proven industry executive with a twenty-year track record of success in the DSO sector, having previously led Great Expressions as its CEO. Under his leadership, Great Expressions grew from supporting 21 dental centers in Michigan into a nationally-branded DSO providing critical support functions to over 300 offices across ten states. Mr. Beckman is also a founding member of the Association of Dental Support Organizations (“ADSO”).
“Benevis is an industry-leading DSO platform, and I am excited to serve as its CEO,” said Beckman. “I was attracted to Benevis’ scaled presence across 17 states, network of high-quality practices, best-in-class compliance program, and dedicated 2,300 employees. I am eager to get started and capitalize on the numerous growth opportunities ahead.”
Geoff Raker, a Partner at Tailwind Capital said, “We are thrilled to have an executive of Rich’s caliber join the Company. He is a proven and passionate leader, and we look forward to the immediate impact he will have as Benevis continues to expand its existing capabilities and breadth of services, including orthodontics and oral surgery.”
Steven Kalter, a Principal at Littlejohn & Co., added, “Rich brings an impressive track record of financial and operational success and we are confident that he is the right person to lead the Company. Over the last year, Benevis has completed 3 acquisitions and expanded its support for family and commercial-focused dental practices. We look forward to supporting Rich and the Benevis team as they execute on the Company’s organic and acquisition-driven growth plan, all while continuing to provide industry-leading compliance and support services across its network.”
Benevis is a leading dental support organization (“DSO”) providing non-clinical support functions to over 150 dental offices across 17 states and Washington D.C. The Company’s supported practices range from single dental offices that have been serving their community for decades to large multi-location practices serving thousands of patients. Offices affiliated with Benevis offer a wide range of dental services including hygiene and general dentistry, as well as expanded services including oral surgery and orthodontics. The Company is differentiated by its best-in-class clinical quality and compliance program, leading practice management platform, and dentist-led field leadership organization.
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. With over $7 billion under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit .
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 39 portfolio companies and over 90 add-on acquisitions. For further information, please visit: .
View source version on businesswire.com:
For Littlejohn & Co.
Gasthalter & Co.
KEYWORD: UNITED STATES NORTH AMERICA GEORGIA
INDUSTRY KEYWORD: HEALTH DENTAL PROFESSIONAL SERVICES BANKING CONSULTING FINANCE
SOURCE: Benevis LLC
Copyright Business Wire 2019.
PUB: 04/12/2019 08:30 AM/DISC: 04/12/2019 08:30 AM