Standard Dental Labs acquires Florida lab Dr. Tooth

Standard Dental Labs Inc. has acquired substantially all operating assets of Dr. Tooth, LLC, a Florida dental laboratory operating as Sheen Dental Laboratory and Hansen Incarnati, effective today. The deal adds an estimated $800,000 in annualized revenue, bringing the company's total estimated revenue base to over $1.6 million. The acquisition expands Standard Dental Labs' Florida customer base. Management plans to relocate production to its Sarasota facility, bringing work currently outsourced to China back to Florida to enhance quality control and communication with dentists. Dr. Tooth's management team, Denis Thaxton and Gavin White, will join Standard Dental Labs. The transaction was structured as an asset purchase with cash and common stock, including performance conditions tied to retained customer revenue. The company believes it can rebuild the acquired business to over $1.1 million in annualized revenue, depending on retaining accounts and successfully executing the production transition.