Sola Salon Studios Receives Majority Investment from Three Major Firms

Three investment groups have funded Sola Salon Studios // Photo courtesy of Sola Salon Studios

Sola Salon Studios, a leading provider of studios and suites in North America, has announced a consortium of three investment groups have made a strategic investment in the brand. The three groups, MPK Equity Partners, AHR Growth Partners, and PNC Riverarch Capital, now hold a majority stake in the company, though the current management team, led by Randall Clark, CEO of Sola Salon Studios, will remain in place.

“We are very excited as this new investment and ongoing capital commitment from our new partners will provide us with significant financial resources and the ability to successfully and quickly deliver on key strategies and goals,” says Clark. “This is an incredible milestone for our business and a validation not only of the Sola business model and concept, but a milestone as the first in the beauty industry in this category. Our commitment to the industry, our beauty professionals, our location owners and the culture and community we have developed over the past 14 years remains unwavering.”

Sola Salon Studios plans on using the investments to accelerate growth in a number of areas, including increasing innovations, enhancing technology and resources, increasing the number of company-owned locations, and accelerating international expansion, in addition to providing existing locations, owners, and staff with more tools, education, support, and business marketing programs.

Spa and Wellness Show

IECSC Florida | October 6-7, 2019

Join us in Fort Lauderdale for the 22nd IECSC Florida event! The conference program features dozens of sessions and a variety of specialized tracks taught by industry experts. Don’t miss our Beauty Education, free Healthcare & Wellness Session and six CBD-focused classes – all new for 2019! Register by September 3 and save $10 per day on admission and up to $100 on conference. Exhibit hall admission includes access to 200+ exhibitors and 30+ free classes. Don't miss IECSC Florida – the southeast’s leading spa and wellness show!

“We could not be more thrilled to make this investment,” said Doug Kennealey, managing partner at MPK Equity Partners, who will join the Sola Board of Directors. “The founders and management team have built an absolutely fantastic business, and we’re excited to become their partners as the company embarks on this exciting next phase in its evolution.” 

Founded in 2004 by Stratton Smith and Matt Briger, Sola Salon Studios currently serves more than 11,000 beauty professionals across more than 400 locations. Both Smith and Briger will continue to maintain an interest in the company post-investment.


Strategies to Ensure Workplace Wellness for Spas and Salons

Five Things to Remember When Opening a New Spa

Sirius Day Spa to Open Three New Western Florida Locations

Suggested Articles

Prioritizing your own health in the weeks and months before surgery is essential for proper recovery. Here are a few doctor-recommended tips to get you…

Le Marché by NP products make it easy for spa-goers to continue their self-care at home.

The news comes shortly after Hong Kong has been in the spotlight as political protests have made travel to the region increasingly difficult.