WASHINGTON, D.C., DECEMBER 3, 2019 – Potomac Equity Partners, LLC, a Washington, D.C.-based investment firm, announced today the acquisition by their portfolio company Laser MD Medspa, of Laser Gentle Medspa. Terms of the transaction were not disclosed.
The acquisition of Laser Gentle adds two new locations (Burlington, MA and Natick, MA) to Laser MD Medspa, expanding the Company’s footprint within the Massachusetts area. Laser Gentle offers a full suite of cosmetic and aesthetic treatments, including laser hair removal services, Botox® and other injectables, body contouring solutions (such as CoolSculpting®), and other rejuvenation and wellness services.
“The addition of Laser Gentle’s Burlington and Natick locations further expands the Laser MD Medspa brand. Since its partnership with Potomac Equity Partners, Laser MD Medspa has invested in operations, marketing and technology advancements which will enable the Company to offer its best-in-class medical spa services across an ever-growing platform of locations and loyal customers,” said Pascal Denis, Principal of Potomac Equity Partners.
Potomac Equity Partners plans to capitalize on the positive macro tailwinds of the medical spa industry through additional acquisitions and the opening of de novo medical spa locations.
About Potomac Equity Partners, LLC
Potomac Equity Partners is a Washington, D.C.-based private equity investment firm focused on providing superior equity returns through the close partnership and collaboration with its portfolio company management team members. The firm strives to invest in companies with leading products and services, superior management teams, and in which its invested capital and collaborative efforts can enable companies to exponentially ramp their long-term growth prospects and overall performance. The principals of Potomac Equity Partners have a long and successful history of investing with management teams across a wide range of industries including healthcare, software and technology, education and training, and information services. For more information, visit www.potomacequitypartners.com.
About Laser MD Medspa, LLC
Laser MD Medspa, LLC was formed by the combination of Laser MD Medspa, LLC and SculptMe, LLC. Founded in 2012 and headquartered in Braintree, MA with five locations throughout the greater Boston metropolitan region, Laser MD Medspa is a leading provider of medical spa services. Primary services include laser hair removal, body contouring services (such as CoolSculpting®) and Botox®, supplemented by additional injectable, skin and other aesthetic procedures. The Company has grown systematically through de novo location additions, targeting visible high traffic areas with attractive demographic characteristics and where it can create relaxing spa-like environments for its clients. For more information, visit www.lasermdmedspa.com and www.sculptme.com.
About Laser Gentle Medical Spa
Founded in 2003 with locations in Burlington, MA and Natick, MA, Laser Gentle Medical Spa is a full-service provider of medical spa services. The Company offers the latest in modern skin care and aesthetic treatments in a relaxing spa like environment. For more information, visit www.lasergentle.com.