Beach Point Capital Management LP (“Beach Point”), a global alternative investment manager with over $20 billion in assets under management, today announced the successful sale of Smile America Partners (“Smile America” or the “Company”), the largest school-based mobile dental program in the U.S.

Beach Point Hybrid Solutions strategy first partnered with Smile America in December 2020, structuring a solution to support the Company as it navigated COVID-related operational disruptions and school closures. As the Company recovered, Beach Point had the opportunity to make a follow-on equity investment to acquire majority ownership of the company. This flexibility is a cornerstone of Beach Point’s Hybrid strategy which emphasizes partnering closely with companies and supporting their capital needs across the balance sheet as the opportunities ahead of them evolve.

“We have been proud partners with Smile America and their management team over the past five and a half years,” said Robert Bergmann, Partner and Co-Head of Beach Point Hybrid Solutions. “What began as an urgent COVID-related financing need has grown into a deeper partnership, with Beach Point initially providing a structured credit solution and eventually becoming a majority equity investor as well.”

“Our flexible capital, willingness to look beyond the recent numbers and speed of execution enabled us to structure a creative financing solution within weeks, supporting Smile America's growth and helping to position the company for long-term success,” said Jay Takefman, Partner and Co-Head of Beach Point Hybrid Solutions. “We are proud of the partnership we built with Smile America and pleased to have supported the company through an important phase of growth.”

Beach Point’s investment enabled the Company to execute a significant post-COVID recovery plan. Smile America grew beyond its pre-COVID base through substantial geographic and service-line expansion, including establishing the brand and capabilities in Florida. Smile America served more than 370,000 children in over 8,000 schools across 20 states in 2025 alone.

Beach Point’s Hybrid Solutions strategy is led by Robert Bergmann and Jay Takefman, who manage Beach Point Capital’s Tactical Funds. The Hybrid Solutions team partners with business owners, sponsors and management teams to structure bespoke capital solutions tailored to meet companies’ unique strategic and financing needs and seek differentiated returns for investors. The investments are flexible and highly structured capital investments that typically sit in the middle of the capital structure and exhibit both credit and equity characteristics.

About Smile America Partners
Founded in 1997 with headquarters in Farmington Hills, Michigan, and additional administrative offices in Arizona, Smile America Partners is the world’s leading Dental Service Organization (DSO) specializing in portable and mobile dentistry. Its mission is to bring smiles and good oral health where they are needed. Working with dental practice partners, they bring the care to the need to more than 370,000 underserved children annually at over 8,000 schools in 20 states.

About Beach Point
Beach Point Capital is a global alternative investment manager focused on opportunities across the credit spectrum. The firm's integrated platform spans Performing Credit, Opportunistic Credit, Structured Credit & Asset-Based Finance, and Private Credit, investing in hybrid solutions, high yield bonds, senior loans, CLO origination, securitized credit, direct lending, real estate credit, and capital solutions. Founded in 2009, Beach Point is employee-owned and manages over $20 billion in assets on behalf of a predominantly institutional client base, with offices in Los Angeles, New York, London, and Dublin. For more information, visit https://beachpoint.capital

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