Private equity firm Evolution Capital Partners LLC has announced its latest growth investment, Empire Dental Arts. Established in 2017 and headquartered in Mentor, Empire is a dental partnership organization that provides operational support and services to a network of dental practices in Northeast Ohio. This is the first investment of Evolution’s Fund IV.
Founded by Dr. D. Todd Russell, Empire provides dental practices with centralized administrative services, including human resources, to allow dentists and clinicians the opportunity to devote more time and attention to their practices.
“Partnering with Evolution will enable the next phase of our expansion plan,” said Russell, chief executive and chief clinical officer of Empire, in a statement. “We are excited about the opportunity to establish a small-scale, patient-focused dental partnership organization in Northeast Ohio, starting with our existing four practices through which we have validated our operational best practices.”
Russell has owned and partnered with multiple dental practices, most recently selling to Merit Dental Group, a dental service organization.
Evolution Capital Partners Founding Partner Jeffrey Kadlic added: “We are excited to partner with an accomplished business professional and dental practitioner as he leads a more patient-focused model that we believe will resonate with retiring dentists, patients and new associate dentists seeking to provide their community with excellent dental care.”