Announced
Completed
Synopsis
Riata Capital Group, a Dallas-based private equity investment firm, completed the investment in Salon Republic, an operator of company-owned salon suites that provides individual salon studio venues and value-added services to beauty care professionals. Financial terms were not disclosed. "We are excited to partner with such a well-positioned and well-managed platform. We believe Eric and the Salon Republic leadership team have built an impressive business with a differentiated service offering and a strong economic model. Salon Republic locations are designed to meet the strong secular demand from BCPs seeking the independence, autonomy, and economic advantages of having their own business in upscale environments with value-added services offerings and stimulating overall beauty care ecosystems. We expect to continue to deploy additional capital in the platform to support the Company's continued organic expansion along with pursuing strategic add-on acquisitions," Jeff Fronterhouse, RCG Managing Partner.
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