Potomac Equity Partners LLC said July 30 that it acquired Laser MD Medspa and SculptMe. Financial terms weren’t announced. Laser MD Medspa is a medical spa services company. SculptMe provides the fat reduction treatment CoolSculpting.
Potomac Equity Partners Announces Acquisitions of Laser MD Medspa and SculptMe
WASHINGTON, D.C., JULY 30, 2019 – Potomac Equity Partners, LLC, a Washington, D.C.-based investment firm, announced today the acquisitions of Laser MD Medspa, a premier medical spa services company, and SculptMe, a leading provider of the non-invasive fat reduction treatment CoolSculpting®.
Laser MD Medspa and SculptMe (together, the “company”) offer a comprehensive suite of medical spa services across five locations within the greater Boston metropolitan region. Services include body contouring solutions (such as CoolSculpting®), laser hair removal services, Botox® and other injectables, medical grade facials, B-12 injections, and other wellness products and services.
“Laser MD Medspa and SculptMe are well-positioned to continue to benefit from growing market demand for minimally-invasive cosmetic procedures performed in a relaxing spa-like environment,” said John Bates, Founder and Partner of Potomac Equity Partners. “Potomac Equity is honored to be partnered with Laser MD Medspa and SculptMe, and looks forward to working with the company going forward to help it realize its full potential and capitalize on its existing brands and the numerous organic and add-on acquisition opportunities available to the company.”
“We are genuinely excited to be partnered with Potomac Equity” said Manuk Degirmencian, the Founder of Laser MD Medspa. “Potomac Equity’s expertise and track record investing in high-growth companies combined with its ability to support various growth opportunities will be invaluable as the company builds on the strong growth it has achieved over the years.”
Potomac Equity Partners plans to capitalize on the positive macro tailwinds of the medical spa industry through a more focused and aggressive growth strategy including de novo site additions and add-on acquisitions.
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
Founded in 2012 and headquartered in Braintree, MA with four 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 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.
About SculptMe, LLC
Founded in 2017 and headquartered in Boston, MA, SculptMe is a leading specialist in the non-invasive fat reduction treatment CoolSculpting®. For more information, visit www.sculptme.com.