Russellville-based Ward DDS, a family dental office with two Arkansas locations in Russellville and Clarksville has been acquired by a dentist out of Kansas City.
Ward DDS owner, Tim Ward, retained the services of CBI TEAM to serve as advisors, identify numerous prospective buyers and negotiate the sale.
The new owner is Dr. Kerry Carlson, according to CBI Chairman Carl Grimes and Northwest Arkansas Managing Partner Jon Holbert. Senior Intermediary Casey Grimes was the listing and selling professional on this deal.
Grimes said, “We’re pleased and honored to have served as Confidential Business Intermediaries to Mr. Ward on the sale of his dental practices.”
Dr. Carlson was the third buyer on the business to fill out an LOI and undergo Due Diligence. While the details of the sale were finalized, he began working for Dr. Ward, which allowed for a smooth transition of ownership.
With over 30 years of dental experience, Dr. Ward’s dental clinic provides a complete range of dental health services including general dentistry, cosmetic dental services, and invisalign. He will continue to to work in orthodontics as Dr. Carlson transitions into the dental practices.
“It took us a while to find the right buyer,” said Ward, “but we feel like we found them in Dr. Carlson.”
The CBI TEAM has assisted in over twenty dental practice sales, and they utilized their Loans for Business Program and BORSA (Business Owner’s Retirement Savings Account) to secure the Ward DDS acquisition.
CBI TEAM was founded in 1994 to confidentially help people sell and buy businesses to secure their financial future. They currently have four locations- Northwest Arkansas, Central Arkansas, Fort Smith/River Valley, Arkansas and Tulsa, Oklahoma.
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