Bluestone Dental Partners

Bluestone Dental Partners is a dental support organization that grew from a twelve-practice regional group into a multi-state platform of more than sixty locations during ACME Partners' ownership. The investment was realized in 2026 in a sale that generated a strong outcome for ACME's investors and the company's doctor-partners.

ACME Partners invested in Bluestone Dental Partners through its thematic focus on multi-site healthcare services, where it saw an opportunity to build a doctor-centric dental support organization in a large and highly fragmented market. At the time of ACME's initial investment, Bluestone operated twelve practices across central Texas with a strong clinical culture but limited infrastructure for growth. The founding doctors chose ACME as a partner based on a shared conviction that clinical autonomy and professional management could reinforce, rather than compete with, one another.

Working alongside management, ACME implemented a value creation plan that included recruiting a seasoned multi-site healthcare executive team, building a de novo and acquisition engine that added practices at a disciplined pace, investing in centralized revenue cycle, credentialing, and procurement functions, and establishing a doctor equity partnership model that aligned clinicians with the platform's long-term success. ACME's Portfolio Resource Group supported integrations throughout, ensuring each new practice was onboarded onto common systems within months of closing.

By the time of exit, Bluestone had grown to more than sixty locations across four states, with revenue more than quadrupling over the life of the investment and doctor retention that led its peer group. In 2026, the company was acquired by a larger healthcare investor in a transaction that delivered an excellent result for ACME's limited partners — and, just as importantly, positioned Bluestone's doctors and team members for their next phase of growth.