Riata Capital Group Announces Sale of Greenix Pest Control
Riata Capital Group (“Riata”) today announced that, together with the senior management team, it has sold Greenix Pest Control (“Greenix” or the “Company”), an industry leading residential pest control platform, to Gridiron Capital. Terms of the transaction were not disclosed.
Salon Republic Expands Western U.S. Presence with Acquisition of Mosaic Salons + Spas
Salon Republic, a leading operator of company-owned salon studios that provide individual salon spaces and value-added services to beauty professionals, is pleased to announce its recent acquisition of Mosaic Salons + Spas (“Mosaic”) in Seattle, WA. This acquisition marks a significant step in Salon Republic’s expansion across the West Coast and meaningfully enhances its presence in the Pacific Northwest. Terms of the acquisition were not disclosed.
Riata Capital Group Closes RCG Equity Fund II at $285 Million, Exceeding Target
Riata Capital Group (“RCG” or the “Firm”), a private equity firm focused on control investments in the lower middle market, today announced it has successfully closed RCG Equity Fund II, LP (“RCG II”) with commitments of $285 million, exceeding the Firm’s hard cap. RCG II will target six platform companies within the Firm’s three industry sectors of business services, consumer, and healthcare services. RCG has made three platform investments from RCG II and is approximately 50% deployed. As of March 31st 2024, RCG’s assets under management exceeded $1 billion1.
