Private equity firm acquires DSO Smile Brands

Private equity firm Gryphon Investors has acquired the dental service organization (DSO) Smile Brands.

Smile Brands has nearly 350 affiliated Bright Now Dental, Monarch Dental, and Castle Dental offices. Gryphon previously owned Bright Now Dental from 1998 to 2005.

Steven Bilt, current CEO of Gryphon's DSO OneSmile, will take over as CEO of Smile Brands, a position he has previously held. Gryphon did not disclose financial terms of the acquisition.