New York City-based Sentinel Capital Partners announced Feb. 1 the sale of Carrollton, Texas-based MB2 Dental, a dental partnership organization.
Terms of the deal were not disclosed.
During its partnership with Sentinel, MB2 grew from 85 affiliated practices to 275, and expanded from supporting practices in six states to 24 states.
"Working alongside Sentinel, MB2's first institutional investor, has been extremely rewarding and has given us the opportunity to capitalize on the strengths of our unique business model," said Chris Villanueva, DMD, founder and CEO of MB2. "We expect to continue expanding our platform in existing and new geographies, and we thank Sentinel for helping take us this far."
Dr. Villanueva, MB2 management and dentist owners with the organization have reinvested a substantial percentage of their equity in the new ownership structure.