Swander Pace Capital, a private equity firm specializing in investments in consumer product companies, acquired Caleel + Hayden Holdings, Inc, d.b.a gloProfessional on April 2, 2013 under undisclosed terms.
“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.”
Gloprofessional is a leader in the professional beauty industry selling mineral-based cosmetics under the glominerals brand, premium skin care products under the glotherapeutics brand and hair care products under the gloessentials brand. The products are used by over 5,000 dermatologists, cosmetic surgeons, aestheticians, and spa and salon professionals in 38 countries.
"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."