Regis corporation acquires alline salon group adding $83m revenue and $5.8m ebitda

Minneapolis--(business wire)--regis corporation (nasdaqgm: rgs), a leader in the haircare industry, announces the acquisition of alline salon group (asg), its largest franchisee, in a transaction valued at $22 million of initial consideration, with the ability for asg to earn an additional $3 million ($1 million annually) through earn out payments over the next three years. highlights 314 salon portfolio operating under the supercuts, cost cutters and holiday hair brands across five states, pri.
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