# Thurston Group

Chicago, Illinois. A healthcare-services firm dating to 1986 whose Alpha Aesthetics platform assembles independent med spas nationally, backed by a $93M financing closed in early 2026 to keep buying.

- Website: https://www.thurstongroup.com/

## The Firm

Thurston Group is a Chicago healthcare investor with more than thirty-five years behind it, dating to 1986, whose stated target is quality businesses at $1 to $20 million of EBITDA led by entrepreneurial owners. Its four declared pillars are quality, experience, collaboration, and patient care, and its pitch to sellers is legacy: equity partnership meant to grow long-lasting businesses rather than flip them.

The $1 million bottom of its range puts Thurston in the searcher's own market, and its registry presence shows the mechanics. Alpha Aesthetics Partners, the med-spa platform it formed around Esthetics Center in 2023, closed a $93 million financing in early 2026 specifically to keep acquiring independent med spas nationally.

A med-spa searcher should treat Alpha's newswire as market intelligence, since each partnership announcement is a clinic that will not be for sale again. Meeting Thurston, the facts that matter are the 1986 lineage, the entrepreneur-led requirement, the patient-care pillar it leads with in healthcare conversations, and the low entry threshold that distinguishes it from mid-market health investors.

Read again in September 2026: the sponsor has no newsroom at all, so the platform's newswire is the whole record. It prints its dates two ways, month first beside the title and day first in the published field, which is how the formation row had been read six months wrong; the platform counts thirty-six locations in twelve states.

## In Its Trades

- Med Spa: https://searchspheresource.com/guides/buying-a-med-spa

The other confirmed bidders: New Harbor Capital (https://searchspheresource.com/buyers/new-harbor-capital), SIG Partners (https://searchspheresource.com/buyers/sig-partners), Shore Capital Partners (https://searchspheresource.com/buyers/shore-capital).

## Confirmed Deals

Deals traced to announcements, newest first. Firms that announce every deal show a fuller run here than firms that report acquisitions as quarterly counts, so read this as the evidence that clears the bar rather than as the firm's whole record.

- Preva Aesthetics (into Alpha Aesthetics) (2026-05-19): An aesthetics practice in Encinitas, California and Denver, taken as a partnership, the platform's first Colorado location. Source: https://www.partnerwithalpha.com/newswire/alpha-aesthetics-partners-expands-presence-in-california-and-enters-colorado-through-partnership-with-preva-aesthetics
- Privé Med Spa (into Alpha Aesthetics) (2025-12-17): A Lexington, Kentucky injectables and aesthetics practice joining the Alpha network. Source: https://www.partnerwithalpha.com/newswire/alpha-aesthetics-partners-proudly-announces-prive-med-spa-as-its-newest-partner
- LexRx (into Alpha Aesthetics) (2025-12): A Charlestown, Massachusetts practice with three more state locations, listed as a partner since December 2025 without a release. Source: https://www.partnerwithalpha.com/partner/lexrx
- Esthetics Center (2023-04-10): A Sacramento-area aesthetics group of four California clinics, the founding partner of the Alpha Aesthetics platform. Source: https://www.partnerwithalpha.com/newswire/thurston-partners-with-esthetics-center-forms-alpha-aesthetics-partners

Also on this site: https://searchspheresource.com/buyers
Source: https://searchspheresource.com/buyers/thurston-group
Last checked: 2026-05-19

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