ACON Investments LLC and its affiliates closed the purchase of New York-based J&D Brush Co. from Topspin Partners II LP, a fund managed by Topspin Partners LP.
J&D Brush, doing business as JD Beauty, offers the Wet Brush branded hair care tools, Bio Ionic hair styling tools and Ouidad hair care treatments. It will be combined with fellow ACON platform company Goody Products Inc., which makes hair styling tools and accessories.
JD Beauty CEO Jeffrey Davidson will hold the same role at the merged entity upon closing.
ACON is a Washington, D.C.-based private equity firm that invests in the U.S., Latin America and Europe.