We are pleased to announce that today, Young Innovations, a leading global supplier of dental products, announced the acquisition of Salvin Dental Specialties, Inc.
Based in Charlotte, North Carolina, USA, Salvin Dental is a leading supplier of regenerative biomaterials, surgical instrumentation, supplies and equipment specifically for implant dentistry.
“I am exceptionally proud of the company we’ve built for over forty years with our valued employees, customers, and partners,” said Bob Salvin, Founder and CEO of Salvin. “We have achieved our goal of creating a business focused on providing everything for the implant practice but the implants. Thanks to our strong team, culture, and focus, we are well positioned for continued success. We are excited to be partnered with Young in this new chapter of growth for Salvin.”
“Salvin takes great pride in delivering an exceptional customer experience and clinical support to implant practices, with a robust product line specifically designed by the Salvin team to meet the unique needs of this specialty segment,” said Dave Sproat, CEO of Young Innovations. “We are excited to support the ongoing growth of Salvin’s business, employees, customers, vendors and brand as a part of our broader global portfolio.”
“Our acquisition of Salvin reflects our continued commitment to invest in the oral surgery market. The combination of Salvin and Young now makes us the largest dental implant-agnostic supplier in the industry,” added Steve Clareen, Vice President/General Manager at Young Innovations. “The leadership team at Salvin is exceptional. They have built a fantastic business with a respected portfolio. We look forward to working together to drive additional value to Salvin’s customers and the patients they serve.”
Bob Salvin will serve as an adviser to Young Innovations and continue to provide counsel and support for the Salvin team and its customers. Effective today, William Simmons, will become CEO, Greg Slayton will become President, and Kevin Fox will become Vice President of Sales. Business will continue as usual and there are no changes to ordering and service procedures for customers or vendors.
Young Innovations is a leading global manufacturer and distributor of supplies and equipment used by dentists, oral surgeons, periodontists, hygienists, dental assistants and consumers, and is a portfolio company of TJC, L.P., Their brands include products that hold leadership positions in the preventive, restorative, orthodontic, endodontic, surgical and diagnostic segments. With their mission of
Creating Smiles, Creating Possibilities, they focus on delivering innovative, high-quality products and solutions to clinicians and their patients, seeking opportunities to enhance their portfolio of brands and products through organic growth and acquisitions.
Young Innovations is owned primarily by an affiliated fund managed by TJC, L.P. (“TJC”) as well as the Young Innovations management team. TJC (formerly known as The Jordan Company), founded in 1982, is a middle-market private equity firm that has raised funds with original capital commitments in excess of $23 billion and has a 41-year track record of investing in and contributing to the growth of many businesses across a wide range of industries including Diversified Industrials; Technology, Telecom & Power; Logistics & Supply Chain and Consumer & Healthcare. The senior investment team has been investing together for over 20 years and is supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. TJC has offices in New York, Miami, Chicago, and Stamford. For more information, visit
www.tjclp.com.
I will continue to be involved in the business and look forward to being with all of you at upcoming association meetings.
Bob Salvin
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