06.28.16
Roark Capital Group, an Atlanta-based private equity firm, has acquired a minority interest in Drybar.
Founded in 2009 by Alli Webb, Drybar specializes in blowouts by not offering haircuts or color - and the company now has more than 60 locations across the country, including New York, Los Angeles, San Francisco, Chicago, Dallas, Philadelphia, and Washington D.C. Drybar's newest location will open in Las Vegas on July 1st, 2016. Drybar also has a line of beauty tools, including hair dryers - and its new Buttercup foldable travel dryer.
Erik Morris, Managing Director at Roark Capital, said, "The Drybar team has built a category-defining brand through a commitment to people, culture and core values. We are thrilled to be partnering with the founders, management, the Board and Castanea Partners in continuing to build such an amazing brand."
Michael Landau, Co-Founder and Chairman of Drybar, said, "We are extraordinarily proud and excited to welcome Roark to our team and Board. The experience and resources they provide will be enormously valuable as we continue to expand across the globe."
Founded in 2009 by Alli Webb, Drybar specializes in blowouts by not offering haircuts or color - and the company now has more than 60 locations across the country, including New York, Los Angeles, San Francisco, Chicago, Dallas, Philadelphia, and Washington D.C. Drybar's newest location will open in Las Vegas on July 1st, 2016. Drybar also has a line of beauty tools, including hair dryers - and its new Buttercup foldable travel dryer.
Erik Morris, Managing Director at Roark Capital, said, "The Drybar team has built a category-defining brand through a commitment to people, culture and core values. We are thrilled to be partnering with the founders, management, the Board and Castanea Partners in continuing to build such an amazing brand."
Michael Landau, Co-Founder and Chairman of Drybar, said, "We are extraordinarily proud and excited to welcome Roark to our team and Board. The experience and resources they provide will be enormously valuable as we continue to expand across the globe."