Schoeneman Beauty Supply, Inc. is the leading supplier of beauty products and related accessories to beauty professionals in the Pennsylvania, Southern New Jersey, Northern Delaware, and West Virginia markets where it has 43 store locations and an outside sales force of approximately 100. Additionally, its direct sales consultants further extend its distribution reach to Maryland, Washington D.C. and Northern Virginia. Schoeneman carries approximately 10,000 SKU’s with a focus on the mid-to-high end of beauty professional products. Fiscal 2009 sales for the business are estimated to be between $86 million and $89 million. Founded in 1936, Schoeneman Beauty Supply, Inc. is headquartered in Pottsville, Pennsylvania.

Beauty Systems Group LLC is the largest full service beauty supplier in the world with more than 900 store locations and annual sales over $945 million. Beauty Systems Group LLC is one of two segments of Sally Beauty Holdings, Inc.(NYSE: SBH), an international specialty retailer and distributor of professional beauty supplies with sales of more than $2.6 billion annually. Founded in 1964, Sally Beauty Holdings, Inc. is headquartered in Denton, Texas.

Crowe Capital Markets LLC acted as exclusive financial advisor to Schoeneman Beauty Supply, Inc.