The Board of Directors of Dental Services Group (DSG) today announced the retirement of its CEO Kirby G. "Buddy" Pickle after 8 years of building the company. The Board has promoted Matt Morgan, current Chief Operations Officer of the company, to become DSG's next CEO.
"Buddy is a strong and experienced executive who led DSG through the last recession and transformed it into the most innovative, fastest growing company in the dental lab industry through strong relationships with customers and partners. We were fortunate to invest in DSG alongside Buddy at which time he told us that he expected to retire during our ownership. Meanwhile, he recruited executives to strongly position DSG for the future," said Bryan Cressey of Cressey & Company.
"Buddy successfully repositioned the company based on his vision. We are thankful for his service to DSG and wish him well during his retirement," added Merrick Axel, Partner at Cressey & Company.
In announcing his retirement, Pickle said: "It's tough to say goodbye to the DSG family after many years, but it has been fun to work alongside a great team and to help build DSG into the company it is today. I have full confidence that Matt and the team will continue to move our company forward to new levels."
"I am grateful to have had the opportunity to work with Buddy and congratulate him on his achievements at DSG," said Matt Morgan, DSG's newly promoted CEO. "I am honored to follow Buddy as CEO and lead this great company. I am committed to working with our employees and strategic partners to execute DSG's mission, vision, and key strategies to better serve our customers and further grow our business."
Prior to his promotion, Morgan was Chief Operations Officer, leading DSG's operations, sales and marketing functions. Morgan previously served in key executive roles within multiple healthcare businesses, experience which should serve him well in continuing to transform DSG and the dental lab industry.
About Dental Services Group (DSG)
Dental Services Group, a growing network of dental laboratories based in North America, provides dentists with the best of both worlds: the personal relationship and care of a local laboratory, combined with the technical expertise and full suite of offerings of a national laboratory. Headquartered in St. Petersburg, Florida, DSG's full-service laboratory network offers customers a variety of options in fixed, removable, implant, orthodontics and sleep dentistry products and services. As a strong supporter of digital impression dentistry, DSG also has various programs available to help practices join this revolution. More information available at: http://www.dentalservices.net/.
About Cressey & Company
Based in Chicago, IL and Nashville, TN, Cressey & Company ("Cressey & Company") is a private investment firm focused on building leading healthcare provider, service and information technology businesses. With a history spanning nearly 35 years, the Cressey & Company team is one of the most experienced and successful in the healthcare private equity field. More information about Cressey & Company is available at http://www.cresseyco.com