Platt Park Capital Acquires Hiatus Spa + Retreat
December 12, 2023
Platt Park Capital, with debt financing and a co-investment from Source Capital (via SCCO IV) and partnership support from Gemini Investors, has acquired Hiatus Spa + Retreat, a multi-unit wellness and medical spa headquartered in Dallas, Texas. Hiatus operates eight locations across Dallas, Austin, Houston, and San Antonio and offers membership-based wellness programming alongside spa and medspa services; the investors intend to scale the business through multi-unit growth and unit-level profitability improvements.
- Buyers
- Platt Park Capital, Source Capital (SCCO IV), Gemini Investors
- Targets
- Hiatus Spa + Retreat
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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