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Twist Brands LLC completes acquisition of Pinot's Palette to strengthen its position in the Arts & Crafts as entertainment sector

Sep 04, 202412 months ago

Acquiring Company

Twist Brands

Acquired Company

Pinot's Palette

HalethorpeHoustonArtEvents

Description

Twist Brands LLC, the parent company of Painting with a Twist, has strategically acquired Pinot's Palette, a similar art and wine concept with 69 studios across the U.S. and Canada. This acquisition further solidifies Twist Brands' position as the dominant leader in the Arts & Crafts as entertainment sector, allowing for the sharing of best practices and resources to streamline productivity and increase revenue and profitability for franchisees of both paint and sip brands.

Company Information

Company

Twist Brands

Location

Halethorpe, Maryland, United States

About

Twist Brands is the parent company and dominant leader in the growing Arts & Crafts as entertainment vertical. It includes Painting with a Twist, America's original and largest paint-and-sip franchise brand; Color Me Mine, the originator in contemporary paint-your-own ceramics, Chesapeake Ceramics, a leading global ceramics supplier and TD Art Supply, a niche arts and crafts supplier.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed