Regency Beauty Institute
Before 1950 (Batson purchased the business in 2002)
Background: As a high school student, Batson ran a residential landscaping business; later, he founded Epotec, a software company, while enrolled in the MBA program at the University of Chicago. In 2002, he purchased Regency, reworking its curriculum and business model. The school has since grown from its original two locations to what will be 17 locations in six states by the end of 2006. Batson plans to expand the school to as many as 80 campuses by 2010.
In His Own Words: “Regency has moved from a company that was similar to all of the other small, locally operated companies in the industry to one that has a very strong centralized business plan, operating model, technology and curriculum platform.”