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Carlsquare advised Kleer on its merger with Membersy and on the acquisition of the combined entity by Charlesbank Capital Partners

Carlsquare advised Kleer on its merger with Membersy and on the acquisition of the combined entity (the “Company”) by Charlesbank Capital Partners.

Founded in 2015 and 2017, respectively, Membersy and Kleer have provided dental practices and dental service organizations (DSOs) with vital tools to build and grow successful membership programs, including consultative plan design, an advanced technology platform, plan branding and marketing collateral, regulatory compliance, and robust support for patients and dental office staff.

Charlesbank Capital Partners is an experienced middle-market private equity firm with offices in Boston and New York. Their flagship funds invest across a range of industries, supporting skilled management teams in building strong businesses, primarily in North America. Limited partners include college endowments, foundations, public and corporate pension funds, financial institutions and family offices.

Following the strategic merger, the combined Company will support an aggregate footprint of 20,000 dentists and millions of patients across all 50 states, covering the entire spectrum of care, from solo practices to the largest DSOs in the country. Charlesbank believes Kleer-Membersy will leverage two industry leaders’ strengths to create significant value for DSOs, dental practices, and their patients, as well as to expand access to care for all uninsured and underinsured Americans.

“We are thrilled to announce the merger of Kleer and Membersy. Both companies have achieved exceptional market share and growth, bringing a new subscription-based care paradigm to the dental care market.” – Mayur Desai, Managing Director, Charlesbank

“I couldn’t be happier to partner with the Membersy team and Charlesbank as we aim to accelerate investment and create value for dental practices at an unprecedented scale. Carlsquare’s experience executing complex transactions proved instrumental to Kleer. I greatly appreciated their advice and expertise throughout the process.” – Dave Monahan, CEO, Kleer

Carlsquare served as the exclusive financial advisor to Kleer.