National dental practice acquisition firm partners with New York Investment firm
SUNRISE, Fla. (Dec. 15, 2016) – Tralongo, LLC, a Florida-based firm specializing in dental practice acquisitions, announced today that it has closed debt and equity financing totaling $55 million led by Freedom 3 Capital LLC, a New York based private investment firm. Additonal investors participating in this financing round include Bankers Healthcare Group and existing Tralongo shareholders.
“We are thrilled to jumpstart the next step in further developing our unique approach to dental practice consolidation,” said Dr. Ken Tralongo, Tralongo’s founder and CEO. “Freedom 3 Capital has provided us with a thoughtful capital solution and a flexible structure to help achieve our goal of being the fastest growing and most successful DSO and DPMO in the United States.”
The new investment will be used to finance Tralongo’s continued growth throughout the United States. All growth capital from the raise will be funneled into acquiring dental practices, accelerateing the firm’s growth plans and executing its unique and innovative business model. The firm has chosen to partner with SEC registered investment advisor Freedom 3 Capital because of its track record working with middle market companies on behalf of its private funds and institutional managed accounts.
“Tralongo fits squarely within Freedom 3 Capital’s criteria of an attractive investment– a company with a strong position within it’s industry and an excellent management team able to execute on its strategy,” said Erik Glover, a Freedom 3 Capital Partner. “We worked closely with Tralongo’s management team to create a capital structure that provides flexible capital to accelerate the company’s growth.”
Since its founding in 2013, Tralongo has grown immensely and is entering the first quarter of 2017 with positive momentum. Tralongo has made a name for itself by partnering with entrepreneurial dentists who are looking to grow their businesses by acquiring and operating multiple practices, taking professionals out of the chair and into management and ownership.
About Tralongo, LLC
Headquartered in Sunrise, Florida, Tralongo, LLC is a firm that partners with dentists throughout the United States to help them expand their practices through the acquisition of existing dental offices. With more than 90 years of combined experience in dental management, as well as dental transitions and acquisitions, the Tralongo team assists clients by finding the practices that meet their criteria, performing the due diligence, obtaining the appropriate financing and, ultimately, acquiring the office. The firm also provides clients with behind-the-scenes management support, including finance, human resources, marketing and ongoing education. For more information on Tralongo LLC, call 678-288-4712 or visit tralongo.net.