The Beekman Group Invests in Riccobene Associates


Waller Lansden Dortch & Davis, LLP and David Keys of BB&T Capital Markets advised Dr. Riccobene in his partnership discussions. Choate, Hall & Stewart LLP advised Beekman on the transaction.

Riccobene Associates Family Dentistry has partnered with The Beekman Group, a New York based private equity firm.

Beekman’s capital investment in Riccobene Associates – affiliate BAF Management Services, LLC, creates a regionally-focused dental services organization (“DSO”) supporting a network of 16 dental offices in North Carolina.

Headquartered in Cary, NC, Riccobene Associates was founded by Michael Riccobene, DDS, and provides comprehensive general and multi-specialty dental services through modern, well-appointed dental offices including several dedicated pediatric and orthodontic practices. Dr. Riccobene employs over 40 dentists in a team-oriented environment that reinforces a patient-first approach. Starting from his original location in Selma, Dr. Riccobene has built sixteen high-end practices with state of the art equipment to serve the dental needs of the fast growing population surrounding Cary and the Raleigh–Durham Research Triangle. Riccobene Associates’ strategy is to continue its rapid growth in North Carolina and into adjacent states through de novo openings and add-on affiliations with high quality providers who share Dr. Riccobene’s commitment to patient care.

The Beekman Group, LLC is a private equity firm specializing in lower middle market investments. The firm seeks to invest in management buyouts, recapitalizations, turnarounds, industry dislocation, consolidation platforms, owner-operated businesses, corporate spin-offs, distressed or special situations, and growth capital for closely-held private enterprises. The firm, led by John G. Troiano, typically invests in a privately held company, family business in transition.

Choate advised The Beekman Group with a team including Lee S. Feldman (Picture), John F. Ventola (Banking & Finance), Julia R. Hesse, David E. Katz, Katherine F. Reynolds and Mark A. Bellis.

Involved fees earner: Lee Feldman – Choate; David Katz – Choate; Mark Bellis – Choate; John Ventola – Choate; Katherine Reynolds – Choate; Julia Hesse – Choate;

Law Firms: Choate;

Clients: The Beekman Group, LLC;

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Author: Ambrogio Visconti