The latest round of financing completed by Tralongo LLC, a Sunrise, Florida. firm that buys and consolidates dental practices, is expected to fuel expansion throughout 2017.
Tralongo said Monday that the $55 million debt and equity financing cements the company’s standing as one of the fastest growing dental practice management organizations in the U.S.
Funding was raised via Freedom 3 Capital LLC in New York, along with Bankers Healthcare Group and Tralongo’s own shareholders.
“We are thrilled to jump-start the next step in further developing our unique approach to dental practice consolidation,”Tralongo founder and CEO Ken Tralongo said.
Managers at Freedom 3 Capital said Tralongo’s reputation and its management team’s combined 90 years of expertise made it an attractive funding partner.
“Tralongo fits squarely within Freedom 3 Capital’s criteria of an attractive investment – a company with a strong position within its industry and an excellent management team able to execute on its strategy,” Erik Glover, a Freedom 3 Capital partner, said. “We worked closely with Tralongo’s management team to create a capital structure that provides flexible capital to accelerate the company’s growth.”
Tralongo said it helps investors acquire dental practices other offices and assists with management, marketing and human resources.
999 Peachtree St NE
Atlanta, GA - 30309