MADISON, Wis., Jan. 13, 2022 /PRNewswire/ -- Cherry Tree
Dental (Cherry Tree), a leading dental service organization based
in Wisconsin, has announced its
expansion into Minnesota with the
recent acquisitions of Downtown Dental Associates and Robert J. Kingston, DDS in Minneapolis and Fairmont Family Dentistry, in
Fairmont, MN.
Cherry Tree Dental is a leading general dentistry provider in
the Midwest that employs a proven acquisition and office
consolidation strategy dedicated to small, local dentistry
practices. Founded in 2006 and based in Madison, Cherry Tree is the one of the largest
general dentistry providers in Wisconsin, operating over 40 locations
throughout Wisconsin, Minnesota, and northern Illinois. As part of Cherry Tree's cohesive
corporate entity, offices are supported by a central corporate team
that provides a variety of services including human resources,
payroll, marketing, information technology, and other back-office
functions.
"We're delighted to welcome three practices operating at the top
of their game into our family, enabling us to expand into our third
state," said Cherry Tree's co-CEO, Jack
Young. "We're honored to enter the Minnesota market with these like-minded groups
that each have so much potential. The company continues to attract
exceptional dentists and first-class practices to join the
partnership and is poised for an even more successful year in
2022. We're excited about how our footprint has rapidly
expanded, but we are even more thrilled about the type of
partnerships we've solidified."
In February 2021, ICV Partners,
LLC, a leading investment firm in Miami,
FL that focuses on lower middle market companies in business
services, consumer goods & services, food & beverage, and
healthcare, made a majority investment in Cherry Tree, in
partnership with Co-CEOs Steve
Sorrel and Jack Young.
Qian Elmore, ICV Managing
Director, stated, "We congratulate the Cherry Tree team on yet
another growth milestone outside of Wisconsin. Cherry Tree continues to be well
positioned to capitalize on shifting market dynamics as more
dentists choose to transition from owning their own practices to
focus on serving patients versus administrative activities."
About Cherry Tree Dental
Cherry Tree Dental is a
Wisconsin-based dental practice
management company that oversees the daily business operations of
dental offices, allowing dentists to practice the art and science
of dentistry without distraction. The Company owns and operates
dental office locations throughout Wisconsin as well as in Illinois and Minnesota. For more information, please visit
www.cherrytreedental.com.
About ICV Partners
Founded in 1999, ICV Partners is a
leading private investment firm that supports management leaders of
strong lower middle market companies in pursuing growth. Over its
first four funds, the principals of ICV have crafted a strong track
record of helping companies across a variety of industries expand
their footprint and improve performance over the long term.
Additional information is available
at www.icvpartners.com.
Cherry Tree Dental Public Relations
Contact: Natalee Cruse
Natalee.cruse@cherrytreedental.com
ICV Public Relations
Contact: Kristie Goodman
Media@icvpartners.com
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SOURCE Cherry Tree Dental