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Meet MB2 Dental’s Chief Financial Officer: Jackson Hildebrand

Jackson Hildebrand, Chief Financial Officer of MB2 Dental, brings over 15 years of private equity and public accounting experience to the executive leadership team. In his role overseeing Finance and Accounting operations, Jackson aims to provide timely, transparent reporting to all MB2 doctor partners. In addition to financial operations at the practice level, he manages the company’s consolidation reporting and financing efforts, ensuring seamless and continued growth. Let’s get to know him better through this Q&A session. 

Q: Can you tell us about your background and how you came to join MB2 Dental?

I joined MB2 Dental in 2018 after spending several years in private equity, as finance director for TPG’s legacy funds. I had always had interest in working within a private company, and was more excited about the opportunity, after meeting with Dr. V and Justin Puckett. MB2 had about 85 practices and $100 million in revenue when I started. We’ve grown significantly since then, now managing over 750 practices. As the Chief Financial Officer, I oversee our finance and accounting teams, focusing on providing timely and transparent reporting to our doctor partners. My role extends beyond practice-level financial operations, including company consolidation reporting and financing efforts.  

Q: How has MB2’s financial strategy evolved as the company has grown?

Since I joined in 2018, our financial strategy has transformed dramatically. We’ve grown from a relatively small operation to managing extensive financial operations across hundreds of practices. Our finance team has expanded significantly, handling everything from intricate reporting to complex financing efforts. I’ve worked closely with our leadership to develop robust systems that support our continued growth, moving beyond our initial financial tracking methods. Our approach has become more sophisticated, always maintaining our core commitment to transparency and supporting our doctor partners. 

Q: What sets MB2 Dental apart from other dental groups or DSOs in the industry? 

What sets us apart is our unwavering commitment to our doctor partners. Unlike traditional DSOs that prioritize corporate interests, we’ve created a model that preserves clinical autonomy while providing robust support. Our no-fee sidecar funds, strong financial positioning, and leadership team’s continuity create a unique value proposition. We’re not just a support organization but a partner in our doctor partners’ professional journeys. Our approach is about empowerment, growth, and creating opportunities beyond typical dental support models. 

Q: What’s unique about MB2’s financial approach, particularly regarding the sidecar funds?

Our sidecar funds are special. I’m passionate about how we’ve created an investment approach that’s different from traditional financial models. These funds allow our doctor partners to invest alongside MB2 in new practice acquisitions, creating a unique alignment of interests. We operate these funds without any fee structure, which is unheard of in the finance world. This approach isn’t just about financial strategy; it’s about building genuine partnerships and giving our doctors a real stake in MB2’s collective success. 

Q: MB2 has gone through three recapitalization processes. Can you explain what this means and how it impacts our doctor partners?

These recapitalization events have been crucial in supporting our continued growth. Essentially, a recapitalization involves restructuring our company’s finances, often bringing in new investment partners to fuel our expansion. 

For our doctor partners, these processes have several positive impacts. First, they provide liquidity opportunities, allowing our partners to realize some of the value they’ve built in their practices. Second, the influx of capital enables us to invest in better technology, support systems, and growth initiatives that benefit all our practices. Lastly, these recapitalizations have helped us maintain our strong financial position, ensuring we can continue to support our partners effectively. 

Throughout each transaction, we’ve remained committed to our core values and partner-centric approach. It’s been rewarding to see how these processes have strengthened our organization while creating value for each of our doctor partners. 

Q: How does MB2 Dental ensure alignment with its doctor partners?

Alignment is at the core of everything we do at MB2. The day-one partnership typically begins with a 60/40 ownership structure that allows doctors to retain meaningful ownership in their practices, ensuring they remain invested in their professional legacy. Transparency is key – we provide detailed, timely financial reporting that keeps our partners informed and engaged. Our approach goes beyond financial transactions; we’re building a collaborative ecosystem where doctors can focus on patient care while we handle the business side of running the dental practice. 

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MB2 Dental and our doctor owners usually partner with practices with over $1.25 million in revenue and 5 operatories or more.