NCK Capital has acquired Chicago-based Tricoci University of Beauty Culture, a provider of cosmetology, aesthetics and barbering education in the Midwest. No financial terms were disclosed for this deal that was done in partnership with Greyrock Capital Group and NBH Bank.
DALLAS–(BUSINESS WIRE)–NCK Capital, a Dallas-based private equity firm specializing in management buyouts, corporate divestitures and recapitalizations of lower, middle-market businesses, announced today it has acquired Tricoci University of Beauty Culture (“Tricoci University”), a leading provider of cosmetology, esthetics and barbering education in the Midwest.
Founded by beauty industry entrepreneur Mario Tricoci in Chicago, Tricoci University is a fast-growing, outcome-focused institution with 16 campuses located in Illinois, Indiana and Wisconsin. The school has exceptional graduation and job placement rates and offers a myriad of programs in the beauty industry including cosmetology, esthetics, barbering, nail technician and teacher training with flexible, tailored scheduling.
“We are very excited to partner with the incredible team at Tricoci University. The school is led by a passionate group of educators and executives that have built the operation into one of the leading educators in the beauty industry,” said Michael Kornman, a Managing Partner at NCK Capital.
Tricoci University is NCK Capital’s second investment in the post-secondary education industry. “We have really enjoyed being a part of the post-secondary training and education world,” said Grant Kornman, a Managing Partner at NCK Capital. “Each year, we get to see the smiles on the faces of the thousands that graduate from these institutions. It is incredibly rewarding to provide the world-class training these students need to pursue their passions and achieve their personal and professional goals.”
Tricoci University will continue to be led by the existing management team that has deep industry experience and will continue to benefit from the strategic advice of Mario Tricoci.
“I couldn’t be more excited to partner with NCK Capital,” added Ross Bravo, CEO at Tricoci University. “They are a group that has delivered proven results in our industry and I am looking forward to collaborating to further the success of our students. Tricoci will be more capable than ever with capital partners that have hands-on experience in the field and believe in our mission of providing the highest-quality beauty education to prepare students to succeed in their careers.”
NCK Capital financed this transaction in partnership with Greyrock Capital Group and NBH Bank.
About Tricoci University of Beauty Culture
Tricoci University is headquartered in the Chicago, IL metropolitan area with 16 campuses in the Midwest. Tricoci University of Beauty Culture is the premier provider of fresh and innovative cosmetology, esthetics and barbering education in the Midwest, providing students with advanced technical skills, ethics, professionalism and leadership values. www.tricociuniversity.edu
About NCK Capital
NCK Capital is founded by entrepreneurs with extensive experience growing businesses. NCK acquires controlling interests in lower, middle-market companies across the United States that have between $2 and $10 million in EBITDA. NCK provides “right-fit” capital structures, inspiring management incentives, and extensive operational support to its partner companies. NCK Capital invests in business and industrial services, value-added distribution, education, and niche manufacturing. www.nckcapital.com