Lower middle-market private equity fund NewSpring Franchise has invested in Blo Blow Dry Bar.

WHO: Blo Blow Dry Bar is the original blow dry bar and the world’s largest blow dry bar franchise. The company transformed beauty norms and reinvented the salon industry when it launched the “no cuts, no color” concept: only blowouts. Since opening its first location in Canada in 2007, Blo has grown to over 130 locations across North America and continues to expand rapidly. With a mission to enhance the lives of those in the community through the power of flawless blowouts and beauty services, Blo Blow Dry Bar offers perfectly styled hair and exceptional customer experiences seven days a week.

DETAILS:

• NewSpring Franchise has invested in Blo Blow Dry Bar.
• General Partners at NewSpring Sataya Ponnuru and Patrick Sugrue will serve on the Blo Blow Dry Bar board of directors.
• In 2009, Vanessa and Ari Yakobson, Paul Spindler, and a group of investors acquired Blo Blow Dry Bar.