April 22, 2016

Waud Capital Partners Announces Partnership with Dimensional Management

Chicago, IL, April 22, 2016 – Waud Capital Partners (“WCP” or “Waud Capital”), a leading lower middle-market private equity firm, has announced that it has entered into a partnership with Dimensional Management (“Dimensional” or the “Company”), a leading dental service organization (“DSO”) with 30 dental offices in New Jersey and Michigan. Dimensional represents an attractive entry point for WCP into the highly fragmented dental market and serves as a platform to execute a robust growth strategy driven by de novo openings and acquisitions in both existing and new geographic markets.

Dr. Melvin Feiler and Joel Sharenow founded Dimensional in 1978. The Company provides management support services to 23 dental offices in New Jersey under the Eastern Dental® brand and seven offices in Michigan under the Midwestern Dental® brand. The Company offers a “one-stop shop” for patients by providing comprehensive general, specialty and cosmetic dentistry services that meet all dental care needs. WCP is excited to partner with the second generation of Dimensional’s leadership, Dr. Aaron Feiler, Mark Nachmias and Steven Swissman, to recapitalize the Company and position it for growth.

Dr. Aaron Feiler, President and Chief Dental Officer, commented, “We are extremely proud of the business we have built under the leadership of my father, Mel, and Joel. Mark, Steven and I are excited for this next chapter in our Company’s history and we look forward to partnering with WCP to accelerate growth and to continue providing outstanding dental care.”

WCP is also pleased to announce that it has partnered with several additional healthcare executives to build out an exceptional senior management team, including new Chief Executive Officer, Vito Dacchille. Mr. Dacchille brings significant dental industry experience, including most recently serving as Chief Executive Officer of Interdent, a top-10 DSO, and prior to that as Chief Operating Officer at Great Expressions Dental Centers. Additionally, Mike Polgardy (Chief Financial Officer), Mike Smith (Chief Information Officer) and Dr. Cindy Roark (Clinical Advisor and Board Member) have joined Dimensional’s senior leadership team. Mr. Polgardy most recently served as CFO of Amerita, Inc. and Mr. Smith and Dr. Roark both join Dimensional from Coast Dental & Orthodontics, a top-10 DSO in the U.S.

Vito Dacchille, Dimensional’s new Chief Executive Officer, noted, “I am thrilled to be joining Dimensional. With the existing and new leadership in place, and the support of Waud Capital, we have a unique opportunity to build an industry leader in the highly attractive dental market. Dr. Feiler and Mr. Sharenow should be extremely proud of the legacy they have created over the Company’s nearly 40-year history. We are committed to retaining the strong culture of high-quality dentistry and clinical excellence, while expanding Dimensional’s presence regionally and nationally.”

David Neighbours, Partner at Waud Capital, added, “WCP has been actively exploring investment opportunities in the dental services market for some time. Dimensional’s founders and existing management team have built an exceptional company and the combination of Dimensional’s competitive position in the highly fragmented dental market, its robust service offering and its reputation for providing high quality dental services creates an extremely compelling investment opportunity. We have committed significant equity capital to support a robust growth strategy and are thrilled to partner with a best-in-class management team led by Vito Dacchille in Dimensional’s next phase of growth.”

About Dimensional Management
Founded in 1978, Dimensional is a 30-office dental service organization that operates 23 dental offices in New Jersey under the Eastern Dental® brand and seven offices in Michigan under the Midwestern Dental® brand. Dimensional provides comprehensive general, specialty and cosmetic dentistry services that meet all dental care needs. For additional information on Dimensional, visit the website at www.easterndental.com for its New Jersey locations and www.midwesterndental.com for its Michigan locations.

About Waud Capital Partners
Waud Capital Partners is a leading Chicago-based private equity investment firm founded in 1993 that partners with exceptional management teams to acquire or create platforms in the U.S. lower middle market through control-oriented growth equity investments, industry consolidation, buyouts or recapitalizations. The firm seeks to invest $50 million to $100 million (including follow-on investments) of total equity in each platform company and employs a disciplined three-phase investment strategy with staged investments designed to generate superior risk-adjusted returns. WCP targets services businesses in large, growing, fragmented markets within two industries: healthcare services and business and technology services. Typically, the initial platform companies in which WCP invests have enterprise values between $50 million and $250 million. The firm has approximately $2.1 billion in assets under management. Since its founding, WCP has successfully completed more than 185 investments, including platform companies and follow-on opportunities.

For additional information on WCP, visit waudcapitalpartners.sg.websolutionsbeta.com.

For Further Information:
David O. Neighbours, Partner
(312) 676-8407

Philip Kemp, Principal – Investor Relations
(312) 676-8435