- Companies
- MB2 Dental Solutions
MB2 Dental Solutions Valuation, Funding & Investors
MB2 Dental Solutions is valued at $3.5B as of November 2024.
Last MB2 Dental Solutions valuation
$3.5B
Undisclosed stage · Nov 2024
Last MB2 Dental Solutions funding round
$525M
Undisclosed stage · Nov 2024
Cumulative funding MB2 Dental Solutions raised
$525M
across 1 funding round
Key investors in MB2 Dental Solutions
Warburg Pincus
About MB2 Dental Solutions
MB2 Dental Solutions is a dental service organization supporting over 140 independently owned practices across Texas, New Mexico, Tennessee, Louisiana, Oklahoma, and Alaska. Headquartered in Carrollton, Texas, the firm delivers back-office management, payroll, marketing, and procurement services to enable doctor autonomy. MB2 facilitates growth through centralized purchasing and continuing education programs. Founded in 2007, it has expanded rapidly, maintaining a partnership model that preserves clinical decision-making for its affiliated dentists.
Founded
2007
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$3.5B (Nov 2024)
Sectors
MB2 Dental Solutions Valuation
MB2 Dental Solutions is currently valued at $3.5B, based on its undisclosed-stage round in November 2024.
The $525M round was led by Warburg Pincus.
MB2 Dental Solutions valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2024 | Undisclosed stage | $3.5B |
MB2 Dental Solutions Funding History
MB2 Dental Solutions has raised a total of $525M across 1 funding round.
MB2 Dental Solutions funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2024 | Undisclosed stage | Warburg Pincus (lead) | $525M | $3.5B | MB2 Dental Solutions is the first and largest dental partnership organization (DPO) in the U.S., founded in 2007 by Dr. Chris Steven Villanueva. It empowers over 700 general and specialty dental practices across 43-44 states to retain clinical autonomy while providing operational, financial, and administrative support. The company completed its third recapitalization on November 13, 2024, with a $525 million investment from Warburg Pincus, alongside continued involvement from Charlesbank Capital Partners. This transaction valued the business at a $3.5 billion enterprise value and provided liquidity to doctor partners while funding growth initiatives. The recap followed MB2's decision to pull a minority stake sale process and pursue a dividend recapitalization funded by Warburg Pincus' $525 million in HoldCo PIK notes. Charlesbank had acquired a majority stake in 2021 for over $1 billion. In February 2024, MB2 secured $2.344 billion in unitranche debt from KKR-managed vehicles for acquisitions. The company remained acquisitive, adding over 450 partnerships since 2021 and 108 new practices in 2024 alone, reaching more than 750 practices and entering new states like Iowa and Massachusetts. MB2 is projected to generate $300 million in EBITDA in 2024, reflecting strong operational performance amid a fragmented dental services market. The investment supports further expansion of value-added services, acquisitions, and liquidity for doctor owners. This deal highlights ongoing consolidation in dental services organizations (DSOs), with MB2 differentiating through its doctor-centric model that preserves professional integrity while scaling nationally. Warburg Pincus cited MB2's innovative approach to efficient practice management and patient care as key attractions. |
Who has invested in MB2 Dental Solutions?
1 investor has backed MB2 Dental Solutions across its funding rounds, including Warburg Pincus.
Lead investors include Warburg Pincus.
MB2 Dental Solutions Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 MB2 Dental Solutions investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by MB2 Dental Solutions
MB2 Dental Solutions has acquired 1 company to date.
Last acquisition by MB2 Dental Solutions was on April 10th 2024. MB2 Dental Solutions acquired Montshire Endodontics for undisclosed valuation.
Latest Acquisitions by MB2 Dental Solutions
| Description | Montshire Endodontics is a Norwich-based dental practice in Vermont specializing in root canal treatments and endodontic surgery. It uses digital radiography and operating microscopes for procedures on molars and incisors, serving patients from the Upper Valley region. The practice maintains affiliations with Dartmouth-Hitchcock Medical Center for referrals. |
| HQ Country | |
| HQ City | Lebanon, NH |
| Deal Date | 10 Apr 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all MB2 Dental Solutions acquisitions and their M&A valuation multiples. Start Free Trial | |
MB2 Dental Solutions Competitors
MB2 Dental Solutions competitors include listed companies like MITIE Group, Wuchan Zhongda Group Co, ABM Industries and Alliance Laundry Systems, and private ones like Foundever and Vanta Ventures.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $7.5B | $385M | $3.6B | 0.6x | ||
| Publicly listed | $89B | $1.5B | $3.8B | 0.1x | ||
| Private | - | - | $3.2B | - | ||
| Private | $220M | - | $4.2B | 18.9x | ||
| Publicly listed | $8.7B | $422M | $2.9B | 0.5x | ||
| Publicly listed | $1.7B | $382M | $4.3B | 3.4x |
MB2 Dental Solutions Public Comps
MB2 Dental Solutions is still privately-owned, but its public comps include MITIE Group, Wuchan Zhongda Group Co, ABM Industries, Alliance Laundry Systems, UniFirst, Badger Infrastructure, Target Hospitality, Grupo GPS, Wintech Nano (Suzhou) Co and Brookfield Business Corp.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $7.5B | $385M | 0.6x | 0.6x | 11.1x | 8.4x | |||
| $89B | $1.5B | 0.1x | 0.1x | 8.5x | 7.3x | |||
| $8.7B | $422M | 0.5x | 0.5x | 11.0x | 8.5x | |||
| $1.7B | $382M | 3.5x | 3.4x | 15.7x | 12.9x | |||
| $2.4B | $326M | 1.9x | 1.8x | 14.2x | 14.1x | |||
| $832M | $184M | 2.9x | 2.6x | 13.1x | 10.6x | |||
| $321M | $36M | 6.5x | 5.1x | 58.4x | 22.2x | |||
| $3.4B | $436M | 0.7x | 0.7x | 5.3x | 6.4x | |||
This data is available for Pro users. Sign up to see all MB2 Dental Solutions competitors and their valuation data. Start Free Trial | ||||||||
Common questions about MB2 Dental Solutions
| When was MB2 Dental Solutions founded? | MB2 Dental Solutions was founded in 2007. |
| Where is MB2 Dental Solutions headquartered? | MB2 Dental Solutions is headquartered in Dallas, TX, United States. |
| Is MB2 Dental Solutions publicly listed? | No, MB2 Dental Solutions is a private, VC-backed company. |
| What is MB2 Dental Solutions' valuation? | MB2 Dental Solutions was last valued at $3.5B in its undisclosed-stage round in November 2024. |
| How much funding has MB2 Dental Solutions raised? | MB2 Dental Solutions has raised $525M across 1 funding round. |
| What was MB2 Dental Solutions' last funding round? | MB2 Dental Solutions' last funding round was a $525M undisclosed-stage round in November 2024, led by Warburg Pincus. |
| Who are MB2 Dental Solutions' investors? | MB2 Dental Solutions' investors include Warburg Pincus. |
| Which companies are comparable to MB2 Dental Solutions? | Companies comparable to MB2 Dental Solutions include MITIE Group, Wuchan Zhongda Group Co, Foundever, Vanta Ventures, ABM Industries and Alliance Laundry Systems. |
| How many companies has MB2 Dental Solutions acquired? | MB2 Dental Solutions has acquired 1 company, including Montshire Endodontics. |
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