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Lowder Orthodontics Closing

Pictured from left to right: Dr. Tom Lowder (Seller) and Dr. Brittany Stroope (Buyer)

Dr. Brittany Stroope and Dr. Tom Lowder congratulated one another after completing the transfer of Dr. Lowder’s practice to Dr. Stroope. Confidential Business Intermediaries/The CBI+Team of Northwest Arkansas was the Intermediary, bringing Dr. Lowder and Dr. Stroope together. After 40 years of practice, Dr. Lowder decided to exit his practice and contacted the CBI+Team. Working together with the experienced CBI+Team, Dr. Lowder gathered the information necessary to present his practice to a pre-screened group of potential buyers utilizing the exclusive Confidential Auction Program (www.confidentialauction.com) developed by the CBI+Team. Utilizing this method, Dr. Lowder’s practice attracted four (4) offers in a very short time.

Dr. Lowder chose Dr. Stroope as the successful bidder and the transaction closed Friday, December 5th, at the CBI+Team office in Springdale, Arkansas with the closing being conducted by the offices of Stephen Parker, attorney at law.

Casey Grimes, Senior Intermediary for The CBI+Team worked with Dr. Stroope and helped her write her offer and assisted helping her in finding a lender to fund the purchase. Casey has worked extensively with both Sellers and Buyers of dental related businesses, which has allowed him to form great relationships with those in the profession. When Lowder Orthodontics became available for sale, Casey was able to contact these individuals to see if they were interested in the practice. Casey had been working with Dr. Stroope and she was in the market to acquire her own practice and Dr. Lowder’s practice seemed to fit exactly what she was looking for. As soon as the Confidential Auction Program CDR (Confidential Deal Room) opened and Dr. Stroope and her financial advisors were able to view the confidential information, an offer was written and a personal meeting was arranged between Dr. Lowder and Dr. Stroope.

The CBI+Team successfully sold several dental related practices in the past two years and currently has several more great practices for sale. If you’re interested in learning more information about the current practices for sale or how The CBI+Team can help you sell your practice, contact us today at info@cbiteam.com or (877) 582-5200.


 

Fitz D.D.S.

Pictured from left to right: Dr. Paul Fitzgerald, Dr. Chad Matone, Penny Fitzgerald and Dr. Monty Heathman

After practicing dentistry for over 50 years, Dr. Paul Fitzgerald D.D.S. transferred ownership of his business through CBI+Team and has retired. In early October, 2012 Dr. Fitgerald chose to use The CBI+Team to sell the office he owned and operated in Sheridan, Arkansas since 1975.

Casey Grimes, Senior Intermediary for The CBI+Team, helped Dr. Fitzgerald prepare his business sale and also identified the new owner, Dr. Monty Heathman D.D.S., through CBI+Team’s marketing efforts. Casey’s enthusiastic efforts to structure an acceptable offer was instrumental in completing this deal, which was finalized on March 8, 2013.

Not only were great relationships formed between the buyer and seller, but also with The CBI+Team. Both parties gave tremendous recommendations for the work done by Casey Grimes and the rest of The CBI+Team. An interview with Dr. Paul and Penny Fitzgerald can be found below:


 

Sparrow DDS

Pictured from left to right: Dr. Monty Heathman, Dr. Chad Matone (Buyers), Susan and Dr. Jerry Sparrow (Sellers)

After practicing dentistry for over 40 years, Dr. Jerry Sparrow DDS has sold his dental practice through the CBI+Team and is retiring. Dr. Sparrow contacted Casey Grimes, Senior Intermediary for the CBI+Team in late 2013 because he had heard that Casey is a specialist in selling dental practices and was also selling several other practices. Casey helped Dr. Sparrow prepare his practice for sale and also identified the buyers, Dr. Monty Heathman DDS and Dr. Chad Matone DDS, who had also bought another dental practice through Casey and the CBI+Team in March of 2013.

“This is a great transition for both buyers and seller. Dr. Sparrow has worked very hard for a very long time to build up his thriving practice and the buyers will do a great job in continuing that legacy. Everyone is happy and another dental practice continues on for many more years.” said Casey Grimes at closing. “We still have many buyers like these looking to buy good and established dental practices so we need to find more that are ready to sell.”

Jerry Sparrow DDS is an established and respected dental practice located in Stuttgart, Arkansas that has been in business since 1971. It is a fully staffed practice and has a client base of many active patients, which will now be cared for by the new buyers and their associate, Dr. Aaron LaMaster.


 

Sunshine Dental Clinic

Pictured from left to right: Dr. Scott Taylor, Cynthia Taylor, Wayne Pearson (COO, Arkansas Braces), Ashley Burgin (Controller, Arkansas Braces)

Once again, Casey Grimes and the CBI+Team helped a dental practice transfer ownership! Sunshine Dental Clinic, owned and operated by Dr. Scott Taylor, DDS since 1999, is one of Fayetteville, Arkansas’ most well known dental clinics. In the spring of 2014, Dr. Taylor decided it was time to begin thinking about his exit strategy and move toward retirement. Dr. Taylor heard about the CBI+Team through an associate and after meeting with Casey Grimes, Senior Intermediary for the CBI+Team, he knew there was nobody better able to handle the process of selling his practice than Casey and his team. Once the practice was confidentially listed for sale it received a tremendous amount of interest and after being on the market for only 6 months, it was sold on October 15th, 2014.


Arkansas Orthodontics TombstoneThe CBI+Team initiated and was the Mergers and Acquisitions Advisor to Dr. Bill Pickard and Arkansas Orthodontics, the leading orthodontic practice in Arkansas. Dr. Bill Pickard practiced for over 35 years and founded Arkansas Orthodontics in 2003, which he soon expanded to five high-tech locations in Northwest Arkansas and The River Valley. In 2012 Dr. Pickard reached the point where he became ready to “pass the torch” and retire. On March 13, 2013 ownership of Arkansas Orthodontics was officially transferred to Dr. Ben Burris.

Dr. Pickard retained The CBI+Team in September 2012 to sell Arkansas Orthodontics. CBI+Team Founder Carl Grimes recommended that Dr. Pickard use the exclusive Confidential Auction Program (CAP) to confidentially market the practice. Utilizing direct mail, email, telemarketing, the internet and specific target marketing to Private Equity Groups (PEG’s) and large regional orthodontic practices, The CBI+Team identified a large number of interested buyers, obtained Non-Disclosure Agreements and financial information prior to disclosing the name and locations of

Arkansas Orthodontics. Dr. Pickard received several offers from firms across the USA. Dr. Ben Burris of Jonesboro, Arkansas was the successful candidate.

Dr. Burris and his wife Bridget acquired the assets of Arkansas Orthodontics on Tuesday, March 13, 2013.

Arkansas Orthodontics Recommendation (2)