Twist Brands LLC completes acquisition of Pinot's Palette to strengthen its position in the Arts & Crafts as entertainment sector
Sep 04, 2024•12 months ago
Acquiring Company
Twist Brands
Acquired Company
Pinot's Palette
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.
M&A Insights
Based on deal dataIntegration 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