Audax Private Equity completed the investment in Salon Lofts.

Audax Private Equity, an alternative investment manager with offices in Boston, New York, San Francisco and London, completed the investment in Salon Lofts, one of the largest developers and operators of company-owned salon suites. Financial terms were not disclosed. "We are thrilled to partner with Audax and look forward to benefitting from their deep expertise with both consumer and multi-site business models. This partnership will allow us to meet the growing demand from BCPs to become their own business owners. With the support of Audax, we will continue to expand our salon footprint through acquisition, new unit openings and service offerings. Moreover, we will maintain our focus on the highest possible quality experience for our Loft Owners and their clients," Steve Schillinger, Salon Lofts CEO.