Imperial Haircare is getting a $2.8 billion upgrade.

The company announced today that it had secured a $300 million investment from private equity firm Fidelity Investments, and said it plans to begin work in the fourth quarter of 2020.

“We are excited to be joining forces with Fidelity to accelerate our expansion and accelerate our future success,” said Imperial founder and CEO John P. Lefebvre.

Lefebre said the company will begin operations in three states in 2020.

He said the project is part of the company’s “largest expansion in the U.S. since 2000.”

The company said it will hire 2,000 workers to create 4,500 new jobs, as well as upgrade and expand its technology, sales and marketing capabilities.

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