Lee Equity Acquires Cosmetic Solutions
Lee Equity Partners, LLC (“Lee Equity”), a growth middle market private equity firm, announced today that it has partnered with Cosmetic Solutions, LLC (“Cosmetic Solutions”), a premier turnkey outsourced service provider to premium skincare brands. Cosmetic Solutions provides cutting-edge, custom skincare formulation and manufacturing for emerging and established brands, as well as skincare professionals. The company has an extensive library of thousands of active formulations and sells to over 1,000 customers worldwide.
Based in Boca Raton, Florida, Cosmetic Solutions is a founder and family led business. The company’s founder, Chairman Mervyn Becker, and CEO Warren Becker will continue to lead the company and retain meaningful equity ownership in the business. Terms of the transaction were not disclosed.
"We have devoted more than 25 years to establishing our brand as an internationally recognized expert in the research, development and production of technologically advanced skincare products,” said Warren Becker, CEO of Cosmetic Solutions. "With Lee Equity's knowledge and experience in the industry, we look forward to maintaining our standard of excellence with our longstanding customers while expanding to meet the increasing market demand."
Cosmetic Solutions operates out of a 95,000 square foot R&D and manufacturing facility, on a 12-acre campus, and focuses on being an innovation partner to high-growth brands. Cosmetic Solutions’ extensive R&D capabilities and scaleable manufacturing capacity have made the company an ideal partner for emerging brands seeking to launch their first products as well as more established brands seeking innovation and product line extensions.
"Cosmetic Solutions has evolved into one of the highest quality and most innovative service providers to high-growth skincare brands," said Collins Ward, a Partner at Lee Equity. “Management’s stellar reputation for consistent product quality, coupled with state-of-the-art R&D and turnkey manufacturing capabilities, make Cosmetic Solutions a forerunner in the large and growing premium skincare market. We look forward to partnering with Mervyn, Warren and the entire Cosmetic Solutions family to accelerate their growth plans.”
Lee Equity invests in market leaders in high growth, high return on capital industries.
The Sage Group served as exclusive financial advisor to Cosmetic Solutions.