Founders East Capital Partners Announce Acquisition of Maritime Beauty Supply
HALIFAX, N.S., July 4, 2022 /CNW/ – Founders East Capital Partners is proud to announce the acquisition of Maritime Beauty Supply. Based at Halifax, Nova Scotia, Maritime Beauty is the largest professional distributor of beauty products serving the salon and spa industry throughout Atlantic Canada. Maritime Beauty has a proven culture of service within its team of over 150 employees, including a trained direct sales force and 17 locations across New Scotland, New Brunswickand Prince Edward Island.
Maurice Doucetfounder and owner of Maritime Beauty for over 56 years, said, “We are delighted to partner with Founders East. I personally chose Founders East to succeed Maritime Beauty. I wanted to make sure that our team and our valued customers through Atlantic Canada continue to benefit from the culture and values that support our mutual success. »
Michael CrouseManaging Partner of Founders East, said, “Maurice and the Maritime Beauty management team have built a market-leading business that has thrived on its relentless focus on customer service. We are grateful that Maurice has placed his trust in Founders East to continue to grow the business and build on his legacy. Maritime Beauty’s management team will continue to lead and operate the business, and we are very pleased to partner with them.
About the Founders East Capital Partners
Founders East Capital Partners is an investment firm backed by four Atlantic Canadian entrepreneurial families. Founders East partners with proven companies based in Atlantic Canada or those with significant ties to the region. Founders East has flexible structures, no set investment time horizons, and works collaboratively with business owners and their families to ensure their legacy not only continues but thrives.
About Maritime Beauty Supply
Founded in 1966, Maritime Beauty Supply is a professional, full-service beauty supply distributor for the Maritimes. With 17 locations, Maritime Beauty has forged close ties with salon professionals across New Scotland, New Brunswickand Prince Edward Island. Maritime Beauty’s continued growth is made possible by its commitment to its mission: to provide salon professionals with the products, education and services they need to succeed.
SOURCE Founders East Capital Partners
For further information: Michel Crouse, [email protected]