Yellow Wood Partners has added Epsom salt distributor Dr. Teal’s Therapeutic Solutions to its portfolio for an undisclosed price.
The Boston-based private equity firm made the Dr. Teal’s investment as an add-on acquisition for current portfolio company Parfums de Coeur Ltd., a fragrance supplier that Yellow Wood purchased in 2012.
The deal marks an exit for from Advanced Beauty Systems Inc., a Dallas-based health and beauty company that had been exploring a sale of Dr. Teal’s.
In addition to Epson salt, Dr. Teal’s distributes a variety of other products in different consumer categories, including food, drugs and first aid. The brand’s products are sold in more than 30,000 retail outlets in the U.S., Canada and other countries.
Dr. Teal’s should complement Parfums de Coeur’s specialty bath offerings, says Parfums de Coeur CEO James Stammer, who plans to grow the Dr. Teal’s brand with additional marketing resources.
This is the second add-on Yellow Wood has completed since it purchased Parfums de Coeur. In December 2012, the company acquired the Calgon and the Healing Garden brands for an undisclosed price.
Advanced Beauty tapped investment bank Houlihan Lokey to run the sale process of Dr. Teal’s. Law firm Fried Frank Harris Shriver & Jacobson LLP served as the legal adviser to Parfums de Coeur.