GCG Advises on the Sale of Alline Salon Group to Regis Corporation

Greenwich Capital Group (“GCG”) is pleased to announce its role as the exclusive financial advisor to Alline Salon Group (“ASG” or the “Company”), a market leader in affordable hair care services with 314 franchised salon locations, on its sale to Regis Corporation (NasdaqGM: RGS), a leader in the haircare industry. This transaction adds to GCG’s extensive experience within the consumer and retail sectors.

About the Transaction

In 2019, Alline Salon Group rapidly executed a roll-up strategy to become the largest Regis franchisee in North America. The management team leveraged decades of multi-unit operating expertise to establish a best-in-class corporate infrastructure capable of managing over 300 locations.

By reintegrating ASG into Regis Corporation’s corporate footprint, Regis now operates salons across multiple brands and geographies. This integration eliminates a layer of separation from the business, strengthening operational ties to franchisees in a dynamic and evolving market. The combination of ASG’s strong infrastructure, culture, team, and best practices with Regis’s operational expertise represents an exciting opportunity for the future.

“Andrew and the Greenwich team had us well prepared through each stage of the transaction process. Their knowledge and ability to navigate our company through all of the intricate deal points were crucial to the transaction’s success. GCG worked tirelessly to deliver a successful outcome for our shareholders,” said Mike Sarafa, CEO of Alline Salon Group”

“We prioritized identifying the right strategic partner to support Alline Salon Group’s continued growth and success while preserving the strong culture and values that have been key to their achievements. Equally important was ensuring a seamless transition for their employees and customers. This focus ultimately made Regis Corporation the perfect fit,” said Andrew Dickow, Managing Director of GCG.”

Matthew Doctor, President and CEO of Regis Corporation, commented:

“This acquisition marks a key milestone for Regis and positions our company for future growth. As we enter a new chapter, we recognize the importance of being closer to salon operations to drive sales and profitability for our franchisees. The evolving market environment presents a pivotal moment for advancing our brands. By bringing these salons into our operations, we gain an additional proving ground to test and refine business-driving initiatives in a controlled environment, ensuring greater success when implemented across our franchise network. We are excited to engage franchisees in these efforts and to continue building stronger relationships.”

About Alline Salon Group

Alline Salon Group is a leader in affordable hair care services, operating a portfolio of 314 franchised salons under the Supercuts, Cost Cutters, and Holiday Hair brands. The Company’s locations span five states, with a primary presence in Michigan, Ohio, and Pennsylvania. For more information, please visit www.allinesalongroup.com.

About Regis Corporation

Regis Corporation (NasdaqGM: RGS) is a leader in the haircare industry, franchising or owning 4,359 locations as of September 30, 2024. Regis’s franchised and corporate salons operate under well-known brands such as Supercuts®, SmartStyle®, Cost Cutters®, Roosters®, and First Choice Haircutters®. For more information, please visit www.regiscorp.com.

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