Private equity firm Swander Pace Capital has completed the acquisition of Caleel + Hayden Holdings, Inc., the company behind gloProfessional.Swander Pace acquired the minerals compay from private equity firm North Castle Partners.
glo serves more than 5,000 dermatologists, cosmetic surgeons, aestheticians, spas and salons both domestically and internationally, as well as select specialty retailers. The company recently launched a line of hair care products under the gloessentials brand name.
Swander Pace’s current portfolio of beauty, personal care and over-the-counter health products companies includes Gilchrist & Soames and Insight Pharmaceuticals. The firm had also owned Prestige Brands among its other investments in the broader consumer products space.
“Swander Pace’s reputation and track record with respected brands in the beauty and personal care field is impressive,” said Sean Butler, president of gloProfessional. “Through this partnership, we look forward to tapping their expertise and insight as we collaborate to maximize gloProfessional’s growth.”
“We’re excited to continue to build our growing beauty and personal care portfolio with such a respected brand,” said Swander Pace managing director Mo Stout. “gloProfessional is a leading, research-driven product of choice in the professional channel and enjoys a strong consumer following. We look forward to partnering with the management team to guide the company toward continued growth and success.”