Acquiring Company
Blo Blow Dry Bar
Acquired Company
MYNC
Description
Blo Blow Dry Bar, North America’s original blow dry bar, announced today that it has acquired Canadian-owned MYNC Beauty Inc. (MYNC), a premier brow and lash bar with six locations across the GTA. The acquisition paves the way to also announce the introduction of the new MYNC franchise system for entrepreneurs looking to own their own business in the beauty industry. As an industry leader, Blo is also amongst the top five Canadian-founded retail brands operating in the U.S. today when measured by store count.
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