ICV Partners LLC-backed Cherry Tree Dental has acquired Richard Patelski DDS Family and General Dentistry.
In February, Miami-based ICV made a majority investment in Cherry Tree, in partnership with co-CEOs Steve Sorrel and Jack Young.
Qian Elmore, ICV managing director, stated, “We congratulate the Cherry Tree team on the first expansion outside of Wisconsin. This acquisition represents the culmination of months of work to prepare the organization to scale into additional states in the Midwest. Cherry Tree continues to be well positioned to capitalize on the shifting market dynamics in Wisconsin and surrounding states as more dentists choose to transition from owning their own practice and prefer to focus on serving patients. Cherry Tree is also benefiting as dentists choose to relocate from large cities to secondary markets.”