Net32 Appoints Andreas Frank as New CEO Amid Strategic Expansion
Investor - People | Mar 11, 2025 | Riverside Partners LLC/MA
Riverside Partners, a Boston-based private equity firm, has announced that Andreas Frank will take on the role of Chief Executive Officer at its portfolio company, Net32. This move is a part of strategic leadership reorganization to drive the company's expansion in the dental marketplace. With over 20 years of experience in the dental and medical industry, Frank was previously the Executive Vice President and Chief Business Officer at Dentsply Sirona, where he oversaw product strategy and management. Along with his appointment, Net32 has bolstered its executive team with the addition of Susan Cahill as Chief Operating Officer and Dr. Pamela Ray as Chief Clinical Officer. These strategic hires are expected to enhance Net32’s position as a leader in online dental supply procurement, emphasizing transparency, affordability, and convenience for dental professionals. Riverside Partners has a strong focus on growth-oriented companies in healthcare and technology, aligning well with Net32’s goals.
Sectors
- Healthcare
- Technology
- Private Equity
Geography
- United States – Both Riverside Partners and Net32 are based in the USA, with headquarters in Boston, MA, and Cary, NC, respectively.
Industry
- Healthcare – Net32 operates within the dental healthcare sector, providing a marketplace for dental supplies and equipment.
- Technology – Riverside Partners and Net32 leverage technology to facilitate eCommerce and information transparency in the dental marketplace.
- Private Equity – Riverside Partners, as a private equity firm, plays a critical role in financing and developing its portfolio companies, including Net32.
Financials
- $1.6 billion – Total capital commitments raised by Riverside Partners since inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Net32, Inc. | Target Company | Company | A leading online marketplace for dental supplies and equipment based in Cary, North Carolina. |
| Riverside Partners | Private Equity Firm | Company | A Boston-based private equity firm focusing on middle-market investments in healthcare and technology sectors. |
| Andreas Frank | Chief Executive Officer | Person | Recently appointed CEO of Net32 with over 20 years in the dental and medical industries. |
| Susan Cahill | Chief Operating Officer | Person | Newly appointed COO of Net32 with experience in leadership roles at American Financing, Bankrate, and Orbitz. |
| Dr. Pamela Ray | Chief Clinical Officer | Person | Appointed as CCO for Net32, she is a Board Certified Periodontist involved in product innovation and a respected educator. |
| David Belluck | General Partner | Person | General Partner at Riverside Partners who commented on the strategic hires at Net32. |
| Prosek Partners | Public Relations | Company | Handled public relations for the announcement of new executive hires at Net32. |