The Spa Mart, one of the fastest growing spa and wellness distributors in the country, is excited to announce its partnership with Starling Capital. Starling Capital is a boutique investment firm from Austin, TX. The investment by Starling Capital reflects The Spa Mart’s desire to push boundaries in the spa industry.
“We were thrilled to have the opportunity to partner with Teddy and The Spa Mart. When evaluating our potential partners, we are always looking for those executives and founders with special qualities that give us assurance we can be successful together even when times are difficult or uncertain. Over the past few years, we have seen Teddy and The Spa Mart truly emerge as leaders in this industry when we all needed it the most and we could not be more excited to see what is still yet to come.” – Ashley Thomas, the President of Starling Capital.
The Spa Mart has recorded amazing feat in recent times, having its highest Q1 ever and becoming the fastest-growing USA Spa distributor. The partnership with Starling is particularly laudable and has been yielding fantastic results, with Starling Capital helping to propel the company forward with their financial guidance and resources.
“I have found Ashley and her team’s input invaluable from the very beginning of our partnership especially during this pandemic and with ongoing supply chain challenges. Her team has helped us maneuver strategically with inventory growth and new product development, gain market share over our competitors, and strengthen our operational and fiscal positions.” – Teddy Lester, co-founder of The Spa Mart.
The Spa Mart has also upped their recruitment process and the team at the helm of affairs, as the company now has a Board of Managers, including co-founders, Teddy Lester, CEO and Ricky Marshall, VP of Operations, and Ashley Thomas. The board will lead the company forward following the pandemic and will continue to drive its unprecedented growth.
The Spa Mart has also made some recent strategic hires, including Christine Jones as the new Procurement Specialist, to ensure a strong, consistent supply chain. The Spa Mart also recruited Leslie Owen, a spa industry veteran, as the new National Account Manager, bringing her expertise to the company’s multi-location and corporate accounts. Leslie is a strong relationship builder and product and supplies expert with experience in international distribution as well. “Leslie’s addition to the team cements our commitment to our customers to build long-lasting partnerships, focus on cost savings and economies of scale, and provide all the benefits of one and done supply and equipment house,” says Lester.
The Spa Mart continues its consultative approach to working with spa partners and strives to create long-lasting relationships operating from its central Texas headquarters near Austin. It is staying true to its core principles of affordable pricing, fast shipping, a consistent supply chain and exceptional customer service, which have continued to drive the success of the business.
For further information about The Spa Mart and the plethora of products offered, visit – www.thespamart.com.