Marriott & Co. Serves as Exclusive Financial Advisor to Blue Ridge Orthodontics
Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Blue Ridge Orthodontics (“BRO” or the “Company”) in its long-term management arrangement with Lightwave, a high-growth dental leadership organization headquartered in Woodbridge, VA. Lightwave is a portfolio company of Alpine Investors, a private equity investment firm based in San Francisco, CA. The transaction closed on March 18, 2022. Terms of the transaction were not disclosed.
BRO is a leading orthodontics and oral surgery services provider in Western North Carolina with locations in Asheville, Hendersonville and Brevard. The Company is led by Dr. Luke Roberts who will remain in his role with BRO under the new partnership with Lightwave.
“Marriott & Co. did a fantastic job leading me through the process of identifying a partner that understands the unique practice we have built at BRO,” said Dr. Luke Roberts, owner and orthodontist at BRO, “They managed a highly professional process, and their efforts were critical to ensuring an outstanding outcome. I am so excited about our new partnership with Lightwave, which positions our practice for increased growth while also allowing us to continue providing outstanding care for our patients and a great culture for our team.”
Justin Marriott, Managing Director of Marriott & Co. said, “We truly enjoyed working with Dr. Roberts throughout this process. We are honored that he provided us with the opportunity to advise the Company on this important milestone, and I am thrilled that we were able to generate a successful outcome.”
About Blue Ridge Orthodontics:
With three locations in Asheville, Hendersonville and Brevard, NC, Blue Ridge Orthodontics (www.blueridgeorthodontics.com) is a leading orthodontics and oral surgery services provider, providing traditional braces, Invisalign and other related services to both adult and pediatric patients. With a dedicated team and state-of-the-art technology, BRO provides best-in-class care to a growing patient base across Western North Carolina.
About Lightwave:
Founded in 2016, Lightwave is a high-growth company building the group model for the future of the dental industry. Lightwave is passionate about doing things the right way with a tight focus on high quality, core values, and taking care of their people. As a dental leadership organization, Lightwave focuses on partnering, training, and developing dentists as the natural leaders of the dental practice. The company helps dentists launch their careers, supports dentists leading high-growth dental groups, and assists doctors looking to establish their legacy as they transition into retirement. Lightwave is solving the big problems in dentistry: retirement, management, reimbursements, and partnership by providing the benefits of a group while preserving the essence of private practice. Lightwave currently supports 72 dental offices in 4 states with 210 full-time dentists and over 1,500 active employees. For additional information, please visit (www.lightwavedental.com). Follow us on LinkedIn, Facebook, and Instagram.
About Marriott & Co.:
Headquartered in Richmond, VA, Marriott & Co. (www.marriott-co.com) is a premier, independent boutique investment banking firm focused on advising privately-held companies across a wide variety of industries. The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today. By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.
Contact: Justin Marriott
Phone: (804) 344-0952
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