M&A Deal Summary

WellBiz Brands Acquires Drybar Holdings - 141 Drybar shops

On February 11, 2021, WellBiz Brands acquired retailer Drybar Holdings - 141 Drybar shops from Drybar

Acquisition Highlights
  • This is WellBiz Brands’ 1st transaction in the Retail sector.
  • This is WellBiz Brands’ 2nd transaction in the United States.
  • This is WellBiz Brands’ 1st transaction in California.

M&A Deal Summary
Date 2021-02-11
Target Drybar Holdings - 141 Drybar shops
Sector Retail
Buyer(s) WellBiz Brands
Sellers(s) Drybar
Deal Type Divestiture

Target

Drybar Holdings - 141 Drybar shops

Irvine, California, United States
Drybar shops is an industry disruptor specializing in blowouts. Drybar's philosophy is simple – No Cuts. No Color. Just Blowouts.

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Buyer(S) 1

Buyer

WellBiz Brands

Denver, Colorado, United States
Category Company
Founded 1983
Sector Consumer Services
DESCRIPTION

WellBiz Brands is a provider of therapeutic massage, and Fitness Together, personalized fitness training solutions. WellBiz Brands was founded in 1983 and is based Denver, Colorado.

DEAL STATS #
Overall 2 of 3
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Amazing Lash Studio Franchise

Scottsdale, Arizona, United States

Amazing Lash Studio Franchise LLC is a provider of affordable eyelash extensions, was founded in 2010 and operates over 200 franchise locations in 33 states. Amazing Lash Studios are retail salons that apply semi-permanent eyelash extensions with a proprietary, patented process to the client’s own lashes, replicating the curve and size of natural lashes. Entrepreneur Magazine ranked Amazing Lash Studio #5 on their 2018 Top New Franchises list. The brand was also #260 on the Inc. list of America’s 500 Fastest Growing companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 LunchboxWax

Boise, Idaho, United States

LunchboxWax is a waxing salon that brings the speed-waxing experience to women and men in an inclusive and comfortable environment that features private waxing rooms and refined waxing techniques from professionally trained waxologists. The company has grown from one location in Boise, Idaho to almost 50 locations nationwide. It offers both elevated waxing services and specially formulated products that consumers can incorporate into daily self-care regimens at home. LunchboxWax was formed in 2010 and is based in Boise, Idaho.

Buy -

Seller(S) 1

SELLER

Drybar

Irvine, California, United States
Category Company
Founded 2009
Sector Consumer Services
DESCRIPTION

Drybar is an operator of a multi-unit retail brand that provides professional blowouts (hair washing, drying, and styling). Drybar also offers an award-winning branded consumer product line of hair care and styling products. Drybar was founded in 2009 and is based in Irvine, California.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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