Marriott & Co. Serves as Exclusive Financial Advisor to Northern Virginia 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 Northern Virginia Orthodontics (“NVO” or the “Company”) in its sale to Smile Doctors, LLC (“Smile Doctors”), the largest orthodontic dental support organization in the U.S. with more than 240 affiliated practices in 18 states. Smile Doctors is a portfolio company of Linden Capital Partners, a Chicago-based private equity firm focused on the healthcare industry. The transaction closed on August 3, 2020. Terms of the transaction were not disclosed.
Founded in 2008 by Dr. Zach Casagrande, NVO is a leading orthodontic practice serving both pediatric and adult patients in the greater Washington D.C. metro area across four locations based in Northern Virginia. The Company is the #1 Invisalign® provider in North America.
“I can’t thank the Marriott & Co. team enough for the amazing job they did throughout this process,” said Dr. Zach Casagrande, founder of NVO, “They managed an efficient and professional process to ensure that Northern Virginia Orthodontics found a partner that truly understands our unique business model. This new partnership with Smile Doctors is exciting and will enable us to continue to provide outstanding care for our patients and a great culture for our team.”
Justin Marriott, Managing Director of Marriott & Co. said, “We thoroughly enjoyed working with Dr. Casagrande on this important transaction. The cultural fit between Smile Doctors and NVO was evident throughout the process, and I know that the NVO team is poised to continue doing great things to serve its patients and community under this new partnership.”
About Northern Virginia Orthodontics:
Serving the fast-growing greater Washington D.C. metro area, Northern Virginia Orthodontics (www.nvorthodontics.com/) is a leading provider of orthodontic services including braces, Invisalign® and other complementary offerings to both pediatric and adult patients. NVO was founded by Dr. Zach Casagrande who continues to lead the Company today. With four orthodontists and a team of over 50 employees, NVO operates four locations in Northern Virginia with two in Ashburn, one in Reston and one in McLean. The Company is the #1 Invisalign® provider in North America and the official team orthodontist of the NHL’s Washington Capitals.
About Smile Doctors, LLC:
Smile Doctors, LLC is the largest orthodontic dental support organization in the country with more than 240 affiliated practices in 18 states. Founded in 2015 by Dr. Scott Law, Dr. Dana Fender and Dr. Greg Goggans, the company is headquartered in Georgetown, Texas and focuses exclusively on developing and growing affiliated orthodontic practices. Smile Doctors-affiliated practices are owned and operated by licensed orthodontists committed to providing affordable, all-inclusive orthodontic treatment to patients across the country. Smile Doctors’ patient-centric approach and team collaboration result in beautiful, confident smiles striving for the highest standard of patient care. For more information, please visit: www.smiledoctors.com.
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