Audax Private Equity Completes Investment in Salon Lofts
Summary
The unique salon-suite model empowers BCPs to operate their own businesses, set their own hours and pricing, use their own preferred products, and ultimately retain more profits. Additionally, the salon-suite model provides BCPs with access to value-add services and support, including booking and client-management support, social media coaching, and educational events.Steve Schillinger, CEO of Salon Lofts, said, We are thrilled to partner with Audax and look forward to benefitting from their deep expertise with both consumer and multi-site business models. Terms of the transaction were not disclosed.Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco and London. Through its disciplined Buy & Build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. With more than 360 employees and over 150 investment professionals, the firm is a leading capital partner for North American middle market companies.