LOS ANGELES--(BUSINESS WIRE)--Private equity firm West Lane Capital Partners LLC (“West Lane”) has acquired a majority stake in Body Spa Group LLC (“Body Spa”), a Nevada based provider of high-end flexible work space and services for independent professionals in the broader beauty and health & wellness space. Debra Ritchey, the founder of Body Spa (www.BodySpaSalons.com) will remain as the CEO and a shareholder of the business. No material changes in the operations of the business or its management team are planned. Terms of the transaction were not disclosed.
Nick Sternberg, Managing Partner of West Lane said: “We are very excited to partner with Debra and her team to continue growing the business and open new locations throughout the country and internationally. Body Spa has given hundreds of independent professionals first class facilities and services to allow these professionals to grow their individual businesses and give their customers the best possible experience and service.”
CEO Debra Ritchey commented: “Body Spa has enjoyed tremendous growth over the past decade and we look forward to partnering with West Lane, who will provide valuable support in allowing the business to continue expanding its footprint and services.”
West Lane Capital Partners, LLC based in Los Angeles, CA is a private investment firm that partners with entrepreneurs and management teams to invest in lower middle-market companies. In addition to providing capital, West Lane are actively engaged partners across the strategy, operations and finance functions within their portfolio businesses.