Oct 5, 2021

Capstone Partners Advised Ogle School Holdings on its Sale to RLJ Equity

Capstone Partners advised Ogle School Holdings, a provider of cosmetology and esthetics education, on its sale to RLJ Equity.

The Capstone team have the deepest understanding of the education market, and were able to guide us through difficult, industry-specific deal issues and provided first-class service. They are trusted advisors that produced superior results.

Michael KornmanCo-Founder, NCK Capital

Founded in 1973, Ogle, a portfolio company of NCK Capital and Greyrock Capital, operates nine campuses providing cosmetology and esthetics education throughout Dallas/Fort Worth, Houston, and San Antonio, TX. The Company differentiates itself through its unparalleled part-time and full-time programs offered to a population of approximately 2,000 future beauty professionals. The goal of the school is for students to walk away with real-world experience made possible by the on-campus student-powered salons.

“Our new partner, RLJ, shares our vision and commitment to invest in our people, academic programs, technology, and facilities to assure the highest standards of excellence. With RLJ’s resources and expertise, we look forward to scaling the Company and continuing the legacy of helping our future beauty professionals achieve their career goals. The entire Ogle team is excited to embark on this next chapter with RLJ,” said John Blair, President & CEO of Ogle, who will also join the Board of Directors. John also added “We’ve worked with several investment banks over the last 10 years and Capstone by far was the best experience and end result.”

We had a lot of great investment bankers that wanted to sell Ogle. Capstone had the right team with the right experience to position the company for a successful exit. They did an excellent job executing the transaction.

Grant KornmanCo-Founder, NCK Capital

Jacob Voorhees, Head of M&A for Capstone Partners, commented, “We are thrilled about the transaction for the entire Ogle family including students, teachers and management and look forward to watching their continued evolution with RLJ.” Shawn Keenan, a Senior Director with Capstone Partners Education & Training group added, “This was an outstanding outcome for the NCK and Greyrock teams. They were true stewards of growth for the company and created the dominant provider of beauty education In the Texas market.”

NCK Capital was founded by entrepreneurs with extensive experience growing businesses, NCK acquires controlling interests in lower, middle-market companies across the United States that have between $2 and $10 million in EBITDA. NCK provides “right-fit” capital structures, inspiring management incentives, and extensive operational support to its partner companies. It invests in many industries, including business and industrial services, value-added distribution, for-profit education, and niche manufacturing. For more information, please click here.

RLJ Equity Partners is based out of Bethesda, MD, RLJ Equity was founded in 2006 by Robert L. Johnson. They are a middle-market private equity firm that focuses on generating long-term capital appreciation by investing in profitable and growing businesses led by strong management teams. The investment team offers depth and expertise in supporting the needs of their portfolio companies in a broad range of industries and regions. Some transactions they partake in are buy-outs, recapitalizations, growth equity, and add-on acquisitions. For more information,  pleas click here.