Boardroom Salon for Men received growth investment by affiliates of LightBay Capital to fuel national expansion and accelerate new store growth.
WHO: Texas-based Boardroom Salon for Men was founded in 2004 by Bruce and Heather Schultz. The men’s grooming concept combines the community and nostalgia of an old-time barbershop, outstanding client service, and a 1920s country club environment where men can relax, unwind, and confidently enjoy the highest-quality haircut, shave, and spa services. The company is an operator and franchisor with 30 company-owned and franchised units across Texas, Oklahoma, Georgia, and Tennessee.
LightBay Capital is a Los Angeles-based private equity firm that applies a flexible capital approach to middle-market investing. Primarily focused on the consumer, healthcare, and business services industries, LightBay invests across the capital structure and in all market environments to help accelerate the growth of high-quality companies. LightBay is currently investing out of its $655 million inaugural institutional private equity fund.
IN THEIR OWN WORDS: “Bruce, Heather and the leadership team have done a remarkable job of building a differentiated, premium experience for Boardroom’s clients and team members,” said Adam Stein, partner and co-founder of LightBay Capital. “We are excited to partner with management to support the company’s national expansion, and bring Boardroom’s high-quality services to new markets.”
“I want to thank all of our outstanding team members for their teamwork and dedication to deliver exceptional client service over the last 14 years to make Boardroom the ‘Authority in Men’s Grooming,’ as well as the preferred place to work,” said Bruce Schultz. “I also want to thank our valued clients, whose support has helped us grow to 30 locations, and who will be integral to our nationwide expansion. We are thrilled to welcome LightBay Capital as our partner, whose capital, network of relationships and experience will be valuable as we grow our brand and expand our footprint.”
“Boardroom is a market leader in an attractive and growing industry, and enjoys a passionate following and loyal client base,” added David Burcham, managing director at LightBay Capital. “The team’s ability to provide authentic and personalized services on a subscription basis fills a growing need in the marketplace. We look forward to working with Bruce, Heather and their team in the years to come.”
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