American Laser Centers, a provider of laser hair removal and other noninvasive aesthetic services, has been acquired by Code Hennessy & Simmons LLC and The Edgewater Funds. As part of the acquisition, Gary Graves has been appointed CEO to succeed Founder and CEO Rich Morgan. American Laser Centers was ranked in Inc Magazine’s 2007 list of the fastest-growing private companies in the U.S. and ranked sixth highest in the state of Michigan. The company has experienced more than 53% year- over-year sales growth, and performs approximately 75,000 treatments each month.
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