LOS ANGELES — Motley Models has been acquired by an investment group, with industry veteran Kristen Kaye appointed to manage the agency.

The agency’s new ownership released the following statement:

“Motley Models, a leading adult entertainment talent agency, today announced that it has entered into a definitive agreement to be acquired by a private investment group.

“Effective immediately, Dave Rock has been relinquished from all duties and is immediately exiting the adult industry. Kristen Kaye, an experienced industry executive, has been chosen to run Motley Models day-to-day during the transition.”

“‘I’m excited about the new group’s vision for the agency as they look to corporatize and innovate. Especially in light of the shocking allegations of misconduct against Dave Rock, it is high time that the agency model be scrutinized and elevated,’ said Kaye.

“Kaye will lead Motley Models as it executes its vision to become the premier adult talent agency by building upon its 14-year history of managing some of the top talent in the business. To achieve that goal, Motley Models plans to rebrand and has several initiatives planned to provide industry-leading advantages for its studio and talent clients alike.”

Former owner Dave Rock stepped down Saturday following allegations made on Instagram on Friday by model Aurora Fox that he had surreptitiously recorded her while she stayed in the agency’s model house when she was a prospective client.

Fox also posted on her Instagram feed a snippet from a video recording showing her trying on lingerie in a bathroom, stating that it was one of Rock’s “spy videos.”