Current Investment

P1 Dental Partners

Prairie Capital Fund VI

P1 Dental Partners
LocationIndianapolis, IN
Transaction TypeGrowth Buyout with Founder and Management
Investment DateDecember 2020
Business

Dental Partnership Organization (DPO) located in the Midwest

IndustryHealthcare

Investment Rationale

  • Partnership opportunity with both management and partner dentists
  • Large, growing and highly fragmented market with trends towards consolidation
  • Strong market position as key DPO player in the state of Indiana
  • Dentist-led organization formed by elite dentists with shared clinical mindsets and established goodwill in their communities
  • Ability to implement growth plans for each practice to maximize productivity and profitability while maintaining the individual identity and character of each practice
  • Identified growth opportunities both via acquisition (standalone and tuck-in) and de novo

Value Add

  • Human Capital
  • Sales & Marketing
  • Technology
  • Infrastructure
  • Supply Chain
  • Add-on Acquisitions

The Prairie Capital Team exemplifies the ideal investment partner in a world where “private equity” has earned such a negative reputation. Their behind the scenes support to help scale businesses and the backing of founding management redefines “private equity” to a term with integrity and values.

Kelly Jastremski, Founder & CEO

Prairie spent quite a bit of time to get to know us, not just the business, early on – and we were able to build a great level of familiarity before we even closed.  Therefore, we went into building this business with a partner we trust, we like…and we have the confidence that their track record will help get us where we want to go with our company.

Patrick Malloy, Founder and Chief Development Officer