By Josh Beckerman

OneSpaWorld, which provides health and wellness products and services on cruise ships and at resorts, has agreed to merge with blank-check company Haymaker Acquisition Corp. (HYAC) in a deal valued at about $948 million.

OneSpaWorld is expected to post about $535 million of revenue in 2018. The business is part of Steiner Leisure Ltd., a portfolio company of private-equity firm L Catterton. Steiner was taken private in late 2015 for about $925 million including debt.

Haymaker completed its $300 million initial public offering in late 2017. Haymaker Chief Executive Steven Heyer is a former chief executive of Starwood Hotels & Resorts Worldwide Inc.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

November 01, 2018 19:49 ET (23:49 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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