Regis Corporation (RGS) announced the acquisition of Alline Salon Group, its largest franchisee, in a transaction valued at $22 million of initial consideration, with the ability for ASG to earn an additional $3 million, or $1 million annually, through earn out payments over the next three years. Regis funded the cash portion of the purchase price with $15 million in proceeds from an upsize of Regis' credit agreement with existing lenders, and $4 million from available cash on hand.
Regis said the transaction is accretive to adjusted EBITDA and leverage giving effect to the transaction will decrease slightly.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.