What did Jacobs Holding pay for North American Dental Group?

Jacobs Holding acquired North American Dental Group for $676.0M in 2019. Target EBITDA was approximately $52.0M.

What does North American Dental Group do?

North American Dental Group is a dental practice business.

M&A TRANSACTION · 2019

North American Dental Group acquired by Jacobs Holding

$676.0M· Dental Practice

Target

North American Dental Group

Acquirer

Jacobs Holding

Disclosed financials at time of acquisition

Revenue

Not disclosed

EBITDA

$52.0M

Deal Value

$676.0M

What the price implies

13.0x EBITDA ($676.0M on $52.0M of EBITDA)

Across 17 disclosed dental practice deals in the $500M and up range (2018-2026), the median EV/EBITDA was 14.0x, and the middle half of deals sold between 11.9x and 15.8x. At 13.0x, this deal priced between the lower quartile and the median. Full breakdown by deal size on the Dental Practice benchmarks page.

Deals this size usually carry higher multiples than owner-run businesses: buyers pay for scale, management depth and diversified revenue. Smaller companies in the same sector typically trade lower.

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Context

This $676.0M acquisition of North American Dental Group by Jacobs Holding sits in the dental practice sub-vertical. Run a valuation for your own dental practice business via our Dental Practice valuation hub.

Other dental practice deals

Lightwave Dental acquired by Lindsay Goldberg (2023, $439.0M, 13.5x EBITDA)
U.S. Endodontics Partners acquired by Quad-C Management (2021, $435.0M, 14.5x EBITDA)
12 Dental Practices acquired by DentalCorp (2025, $6.2M, 7.2x EBITDA)
8 Dental Practices acquired by DentalCorp (2025, $3.0M, 6.3x EBITDA)
Dentalcorp Holdings Ltd. acquired by GTCR (2025, $2.40B, 11.0x EBITDA)
Donte Group acquired by Ontario Teachers' Pension Plan (2025, $1.17B, 12.5x EBITDA)

Source

Data sourced from press reporting. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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