Harvest Partners, a private equity firm, has acquired Hand & Stone from Levine Leichtman Capital Partners.
Hand & Stone is an operator of spas offering massage, skincare and health and wellness services.
John Teza, CEO of Hand & Stone, said, “We are grateful for LLCP’s support and guidance as their strategic insights, management-centric approach, and partnership contributed greatly to the expansion of our business. LLCP’s contributions will continue to be instrumental as we enter our next phase of growth.”
North Point served as financial advisor to Hand & Stone, with support from Harris Williams, and Kirkland & Ellis LLP served as legal counsel in connection with the sale.