Los Angeles, CA – December 5, 2024 – Salon Republic, a leading operator of company-owned salon studios that provide individual salon spaces and value-added services to beauty professionals, is pleased to announce its recent acquisition of Mosaic Salons + Spas (“Mosaic”) in Seattle, WA. This acquisition marks a significant step in Salon Republic’s expansion across the West Coast and meaningfully enhances its presence in the Pacific Northwest. Terms of the acquisition were not disclosed.
With the addition of Mosaic, Salon Republic now operates 37 locations supporting over 2,750 beauty professionals across seven major markets in California, Colorado, Texas, and Washington.
Eric Taylor, Founder and CEO of Salon Republic, expressed his enthusiasm about the acquisition, stating, "With our existing presence in the Greater Seattle market, we have long known and respected Mosaic as the leading salon studio provider with some of the best locations and beauty professionals in the area. We are excited to bring their beauty professionals and locations into the Salon Republic family and continue our goal of providing the best possible work environment to the beauty community.”
Paul Griff, Co-Founder of Mosaic, stated, “It is a real compliment to be working with Eric Taylor and Salon Republic who have been and continue to be the innovators and leaders in the premium salon suite segment. As we built Mosaic and evaluated our options, we did so with the vision of combining with Salon Republic at the right time. That time is now. We are excited to join the Salon Republic family and to continue to be investors in the Salon Republic platform going forward.”
Since opening its first location in Studio City, CA in 2000, Salon Republic has established itself as a premier provider of salon suite studios with an unwavering dedication to providing the highest quality environment and suite of services to both beauty professionals and their customers. The Company provides a full range of services to its operators, including individual private salon studios, complimentary towel services, on-site beauty supply store, full time on-site management, free education and community events, and other value-added services.
About Riata Capital Group
Salon Republic is a portfolio company of Riata Capital Group (“RCG”), a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately held companies with a focus on three industry sectors: business services, consumer, and healthcare services. The firm takes a selective approach to investing in high-potential businesses whose owners and management teams want an investment partner with the capital, experience, and track record of successful collaboration required to achieve their liquidity and value-creation objectives. Over the course of their careers, the principals of RCG have deployed over $2 billion of capital into more than 45 platforms and 300 add-on acquisitions totaling in excess of $7 billion in transaction value. The firm targets equity investments of $25-$150 million in companies with $5-$30 million of EBITDA. With significant investment experience, a balanced team with financial and operating expertise, a strong team of seasoned operating partners, and significant experience in the firm’s targeted sectors, Riata provides a compelling value proposition to business owners and entrepreneurs. For more information, please visit www.riatacapital.com.
About Salon Republic
Salon Republic is a leading operator of company-owned salon studios that provide individual salon spaces and value-added services to beauty care professionals in seven large western markets clustered in California, Colorado, Texas and Washington. The Company provides a full range of services to its beauty professionals, including complimentary towel services, on-site beauty supply store, full time on-site management, free education and community events, among other services. Since opening its first location in Studio City, CA in 2000, Salon Republic has grown to 37 locations today while staying true to its total dedication to providing the highest quality suite of services and environment for both its beauty pros and their customers and building the strongest brand in its local market areas. For more information, please visit www.salonrepublic.com.
