Mario Tricoci has purchased The Mario Tricoci Hair Salon and Day Spa business from North Castle Partners, a Greenwich, Conn.-based private equity firm that has owned it since 2000.
The Tricoci business includes 14 salons and day spas in the Chicago market, plus two smaller salons that do not offer spa services.
Speaking to Crain’s as he drove from location to location to inform his 1,300 workers of the news, Tricoci—who stayed on as a partner during the Red Door years—said he was excited about the future.
“North Castle has been a wonderful partner for us and we’ve gotten along extremely well,” he said. “Being as passionate a man as I am in regards to what I do, I believe the Tricoci family will once again be at the forefront of the beauty industry.”