Springfield, Mo., Sept. 14, 2023 – Salon Service Group (SSG), the largest independent distributor of professional salon products in the U.S., has announced its recent acquisition of National Salon Resources (NSR), a Minneapolis-based professional salon products distributor serving the Upper Midwest.
Upon closing, SSG, which is backed by Kansas City-based private equity firm Great Range Capital, significantly expands its brand portfolio and customer reach. The acquisition increases SSG’s presence to 71 stores and a combined salesforce of more than 160 sales consultants across 20 states.
“I’ve known NSR’s CEO Mike Hicks for several decades now, and I’m honored to partner on this deal with a friend and colleague for whom I have so much respect,” said Gino Barbo, founder and CEO of SSG. “Mike and his family have built a business with a reputation for the highest levels of service and quality, which mirror SSG’s core values. It will be thrilling to see how our companies leverage each other’s strengths to the benefit of our customers.”
“As we transition our company into its next phase, we couldn’t be happier to have SSG at the helm,” said Hicks. “We were very selective when making this decision. Gino and the SSG team share the same dedication to customer service and the professional beauty industry, and we know our clients are in great hands.”
The addition of NSR aligns with SSG’s plans for continued organic and acquisition-driven growth. “At SSG, we are relentlessly focused on providing the salon community with best-in-class service,” said Barbo. “If you’re an independent distributor and are interested in joining the largest and most successful independent distributor network, I welcome the opportunity to have a discussion.” Contact Gino at gbarbo@salonservicegroup.com.
About National Salon Resources
National Salon Resources is a professional salon products distributor based in Minneapolis, Minnesota, with store locations in the Upper Midwest. Learn more at nationalsalon.com.
About Salon Service Group
Salon Service Group is a full-service beauty supply distributor headquartered in Springfield, Missouri, offering professional brands directly to salons and salon stylists. Learn more at salonservicegroup.com.
About Great Range Capital
Great Range Capital, a private equity firm based in greater Kansas City, primarily targets equity investments in Midwestern companies with revenues ranging from $20 to $150 million. Learn more at greatrangecapital.com