Boston, MA - Capstone Partners LLC, a national investment banking advisory firm, announced today that it has successfully advised Martin’s College of Cosmetology on its recent acquisition by Regis Corporation (NYSE:RGS), the global leader in the $150 billion hair care industry. Capstone initiated the transaction, acted as the financial advisor, and assisted in the negotiations for the shareholders of Martin’s College of Cosmetology. The terms of this transaction were not disclosed.
James Beakey, the Capstone Director that led the transaction commented, “This transaction marks the continued consolidation in the industry and Regis’ ongoing commitment to build leading cosmetology training capabilities on a national level. We believe Martin’s will provide Regis with a growing presence in the Midwest and utilize Martin’s industry leading information management technology as a foundation for its rapidly expanding training business.”
John Kwitek, owner of Martin’s added, “This is an exciting time for our employees and students as we are now part of Regis, the leading employer in the salon industry and the fastest growing cosmetology education company. The combination of Martin’s legacy in cosmetology training and commitment to develop state of the art technology solutions tailored to the education industry and Regis’ commitment to become the national leader in cosmetology education will benefit our current students and those to come.”
Capstone’s team identified Martin’s as an emerging leader in the post-secondary education and training sector. Supported by its research efforts and distribution network in the cosmetology industry, Capstone represented Martin’s in the capital markets and ultimately delivered to Mr. Kwitek, what he considered to be the best available strategic fit.
Martin’s College of Cosmetology is the premier provider of post secondary, private occupational cosmetology programs in the Midwest and is comprised of an established chain of five schools located in Wisconsin. www.mcofc.com
Regis Corporation is the beauty industry's global leader in salons, hair restoration centers and education. Regis Corporation is located in Minneapolis, Minnesota. The Company's common stock is traded on the New York Stock Exchange under the symbol RGS. www.regiscorp.com