Carousel Capital Recapitalizes Brasseler USA
Leading Provider of Dental and Surgical Instrumentation and Supplies
April 14, 2010 – Charlotte, North Carolina – Carousel Capital and Brasseler USA CEO Don Waters jointly announced today that they have successfully undergone a recapitalization of Brasseler USA, a leading provider of dental and surgical instrumentation and related consumable supplies. The company continues to be well funded by a consortium of long term shareholders led by Don Waters and including key management team members, Carousel Capital, GE Capital and Twin Bridge Capital Partners. Founded in 1976, Brasseler is based in Savannah, Georgia. Carousel and management acquired the company in 2007.
Brasseler markets its products to practicing dentists, dental laboratories, dental schools, hospitals, medical OEMs and surgery centers throughout the United States and Canada. Over its 35 year history, the company has established itself as a leading brand in the dental and surgical supply markets and has an unrivaled reputation for delivering high quality instrumentation to its customers. Brasseler’s dental products are marketed through a highly trained direct sales force of more than 200 people. This direct sales model gives Brasseler direct access to its customers, which allows the company to eliminate the layer of cost typically charged by distributors and pass along the resulting savings to its customers.
Brasseler’s Dental Division offers rotary products, power equipment, endodontic products, hand instruments and other products used in the cleaning, diagnosis, treatment and repair of teeth and underlying tooth structures. The company’s Medical Division markets bone blades and burs; power equipment and twist drills; and other products used primarily in orthopedic, neuro and ENT surgery applications.
About Carousel Capital
Carousel Capital is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 28 companies primarily in three targeted growth sectors: business services; consumer products and services; and healthcare services.