Affiliate of American Securities enters into definitive agreement to recapitalize Aspen Dental

American Securities LLC, Ares Management, L.P., and Leonard Green & Partners, L.P. today announced that an affiliate of American Securities has entered into a definitive agreement to recapitalize Aspen Dental Management Inc. ("Aspen Dental" or the "Company") in partnership with the management team and funds affiliated with Ares and Leonard Green. Terms of the transaction were not disclosed.

Aspen Dental is a leading dental support organization that assists dentists in providing a unique healthcare delivery model focused on affordable, high-quality and comprehensive dental services. The dentists supported by the Company served approximately 1.2 million patients in 2014 through 481 locations across 29 states. With approximately 6,000 team members and supported doctors, Aspen Dental is one of the nation's largest dental support organizations.

"We are proud of the tremendous care and compassion provided by the significantly growing number of dentists that Aspen Dental supports, and are excited about our new partnership with American Securities, a firm that we have known for over a decade, and the value they will bring to our commitment to be the leading dental support organization in the country," said Bob Fontana, Chief Executive Officer. "We are also grateful for our long-term partnerships with Ares and Leonard Green, as well as both firms' continued commitment to the business."