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Lone Peak Dental Group completes $170 million recapitalization in Colorado
ColoradoBiz Staff //July 15, 2026//
Lone Peak Dental Group completes $170 million recapitalization in Colorado
ColoradoBiz Staff //July 15, 2026//
In Brief:
- Lone Peak Dental Group completes $170 million recapitalization
- TCW Steel City leads financing as arranger and administrative agent
- Financing includes term loan, revolving credit, and delayed draw term loan
- Lone Peak operates over 75 offices in 14 states including Colorado
ENGLEWOOD, Colo. — Lone Peak Dental Group has completed a $170 million recapitalization led by TCW Steel City, which served as lead arranger and administrative agent for the financing.
The financing package includes a term loan, revolving credit facility and delayed draw term loan to support future acquisitions.
Lone Peak, a dental partnership organization headquartered in Englewood, operates more than 75 offices across 14 states. The company was founded in 2003 by two pediatric dentists with three Denver-area locations.
“We are pleased to support Lone Peak Dental Group in this recapitalization,” Walt Hill said on behalf of TCW Steel City. “This transaction reflects our commitment to providing flexible capital solutions that support continued growth, including strategic acquisitions.”
Lone Peak CEO Ray Caruso said the financing will support the company’s expansion while continuing its focus on increasing access to pediatric dental care.
“This recapitalization positions Lone Peak to accelerate our growth while staying true to our mission of increasing access to care in the communities we serve,” Caruso said.
Brightwood, CIFC and CalSTRS also participated as lenders.
Lone Peak operates practices in Alabama, Arizona, Colorado, Georgia, Idaho, Maryland, Nebraska, Nevada, Ohio, South Carolina, Tennessee, Texas, Virginia and Washington. The company expands through new practices and affiliations with existing dental offices.
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