Keystone Dental has agreed to merge with Paltop Advanced Dental Solutions via a stock exchange transaction. Keystone is the largest independent dental implant company operating in North America, and Paltop is an emerging Israeli-based dental implant company with expertise in precision manufacturing and state-of-the-art digital dentistry solutions, the companies report.
The companies will merge operations and see nearly $50 million in combined revenues while offering an expanded product portfolio targeting the premium and value market segments. An additional $20 million in capital investment, principally dedicated to growth acceleration initiatives, will be infused simultaneous to the merger by Accelmed Growth Partners. Other terms of the agreement were not disclosed.
“Keystone targeted Paltop because they bring one of the world’s most efficient precision machining operations, innovative end-to-end digital solutions for implant dentistry, and an exceptionally high-quality product portfolio that represents a strong value proposition for clinician users,” said Russ Bonafede, CEO of Keystone.
“Paltop has been developing new and innovative technologies for the past decade, and Keystone is a company with a strong brand and a highly qualified sales and marketing team led by skillful and experienced management,” said Paltop chair Sam Topaz. “There are two main goals to this merger. First is to establish a fast-growing global player in the field of dental implants, and second to realize our vision to lead the digital transformation of dental treatments.”
“We believe that the combination of Keystone’s strong brand, commercial infrastructure, and the newly installed top-tier management team led by Russ Bonafede, together with Paltop’s manufacturing capabilities and innovation, will create one of the world’s fastest growing dental implant companies,” said Dr. Uri Geiger, managing partner of Accelmed and chair of Keystone.
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