Caymus Equity Partners LLC (“Caymus Equity”) announces the completion of its tenth platform investment. A group formed by Caymus Equity, including Caymus Equity, Midwest Mezzanine Funds (“MMF”), RGA Private Debt & Equity (“RGA”) and management have completed the recapitalization of Pan-Am Dental, LLC (“Pan-Am” or the “Company”). Headquartered in Savannah, GA, Pan-Am is a full-service, outsourced dental laboratory that manufactures and distributes high-quality custom dental products such as crowns, implants and sleep appliances.
Founded in 2007 after Jim Hitch, current President & CEO, purchased a single dental laboratory, Pan-Am has grown into a leading outsourced dental lab with offshore and onshore fabrication capabilities. The Company maintains differentiation through its ability to offer a comprehensive menu of high-quality dental lab products at attractive price points to a nationwide client base.
The transaction provides Pan-Am with the necessary capital and resources to continue to provide high-quality services to its existing customers, while further growing its business through the expansion of its product portfolio in existing and new geographic territories, as well as future add-on acquisitions.
“We are excited to partner with Caymus Equity, MMF and RGA” said Jim Hitch, President & CEO of Pan-Am, who retained a significant equity share of the Company. “This is an important transaction for Pan-Am to fuel our growth and further develop our position as a national dental laboratory. Caymus Equity’s strategic approach to creating value, along with a conservative balance sheet, positions the Company to rapidly scale in the coming years.”
“We look forward to supporting Jim Hitch and the entire Pan-Am team in the next phase of the Company’s evolution,” commented Geoffrey Faux, Managing Partner of Caymus Equity. “Pan-Am has many compelling opportunities for growth, so we anticipate guiding the Company as it expands its capabilities into new and existing markets, both organically and potentially through acquisitions.”