Los Angeles-based private equity firm Levine Leichtman Capital Partners (LLCP) has sold its portfolio company Hand & Stone Massage and Facial Spa (Hand & Stone) to funds managed by Harvest Partners, LP.
Financial terms of the transaction have not been disclosed.
Hand & Stone is a leading franchisor and operator of spas offering affordable, convenient, and professional massage, skincare and health and wellness services. Hand & Stone currently operates nearly 550 locations in the US and Canada and serves a loyal base of over 500,000 members. The Company was founded in 2004 and is headquartered in Trevose, Pennsylvania.
