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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Nautilus snaps up Octane Fitness for US$115m

Nautilus has acquired Octane Fitness from private equity firm North Castle Partners in a deal worth US$115m (€107m, £78m).

Nautilus – which has a fitness brand portfolio comprising Nautilus, Bowflex, TreadClimber, Schwinn, Schwinn Fitness and Universal – has been seeking a strategic acquisition for more than 18 months.

Nautilus believes the takeover of Octane – known for its Zero Runner and XT-One cross trainer – will help it to accelerate growth by being able to extend into higher price point products, penetrate new channels of distribution and expand into new international markets.

"This transaction adds a leading fitness brand, unique products and technologies, broadens distribution and deepens our talent pool,” said Nautilus COO Bill McMahon.

“Octane is highly complementary from both product and channel perspectives, and we believe this acquisition will create numerous revenue synergies.”

Having founded Octane in 2001, Dennis Lee and Tim Porth will now join the management team at Nautilus, according to Nautilus CEO Bruce M. Cazenave.

The deal adds to the flurry of activity in the fitness supplier market over the past six months as companies seek to enhance their portfolio. Life Fitness recently expanded its presence in the active ageing fitness market through the acquisition of specialist equipment supplier SCIFIT, while Precor upped the ante on its functional fitness ambitions by buying Queenax.

Amid the activity in the supplier market, the decision by North Castle Partners to sell Octane signals a shift by the private equity firm to focus on its operator investments. Having previously been involved with fitness brands including Equinox and Curves International, North Castle believes its invetsment in Barry’s Bootcamp can help the boutique fitness brand realise its aggressive expansion plan for 2016 under CEO Joey Gonzalez.

On the decision to sell Octane, North Castle Partners managing director Alison Minter said: "As a focused fund with nearly two decades of experience in the Healthy, Active and Sustainable Living market, and eight investments in the fitness sector over the last 15 years, we were able to leverage deep expertise in the fitness industry in partnership with the Octane team to build on their track record of innovating award-winning, patent-protected zero-impact cardiovascular fitness products."

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People
HCM people

Luca Maggiora

Co-founder, House of Wisdom
People think making a change is easy and fast, but that isn’t true. It’s hard and it takes time
People
Our pre-sale deal is AED99 a month and if you join up on that rate you keep it for a lifetime
People
People in Club V trust me and I want to do the best for them and help them progress
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11 - 25 Union St, London SE1 1SD
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News

Nautilus snaps up Octane Fitness for US$115m

Nautilus has acquired Octane Fitness from private equity firm North Castle Partners in a deal worth US$115m (€107m, £78m).

Nautilus – which has a fitness brand portfolio comprising Nautilus, Bowflex, TreadClimber, Schwinn, Schwinn Fitness and Universal – has been seeking a strategic acquisition for more than 18 months.

Nautilus believes the takeover of Octane – known for its Zero Runner and XT-One cross trainer – will help it to accelerate growth by being able to extend into higher price point products, penetrate new channels of distribution and expand into new international markets.

"This transaction adds a leading fitness brand, unique products and technologies, broadens distribution and deepens our talent pool,” said Nautilus COO Bill McMahon.

“Octane is highly complementary from both product and channel perspectives, and we believe this acquisition will create numerous revenue synergies.”

Having founded Octane in 2001, Dennis Lee and Tim Porth will now join the management team at Nautilus, according to Nautilus CEO Bruce M. Cazenave.

The deal adds to the flurry of activity in the fitness supplier market over the past six months as companies seek to enhance their portfolio. Life Fitness recently expanded its presence in the active ageing fitness market through the acquisition of specialist equipment supplier SCIFIT, while Precor upped the ante on its functional fitness ambitions by buying Queenax.

Amid the activity in the supplier market, the decision by North Castle Partners to sell Octane signals a shift by the private equity firm to focus on its operator investments. Having previously been involved with fitness brands including Equinox and Curves International, North Castle believes its invetsment in Barry’s Bootcamp can help the boutique fitness brand realise its aggressive expansion plan for 2016 under CEO Joey Gonzalez.

On the decision to sell Octane, North Castle Partners managing director Alison Minter said: "As a focused fund with nearly two decades of experience in the Healthy, Active and Sustainable Living market, and eight investments in the fitness sector over the last 15 years, we were able to leverage deep expertise in the fitness industry in partnership with the Octane team to build on their track record of innovating award-winning, patent-protected zero-impact cardiovascular fitness products."

News

Chancellor Rishi Sunak's proposals to support the economy through the next six months of the
The UK government's 'Rule of Six' has come into force in physical activity facilities today
The UK's physical activity sector has come together to get millions of people active during
A study by Rutgers University has suggested that it could be possible to predict which
Health club and gyms operators in California are suing state governor Gavin Newsom in an
The Global Wellness Summit (GWS) has announced the appointment of C. Victor Brick, CEO of
fibodo Limited
fibodo Limited
As the government announced its new obesity strategy to limit the impact of a potential
More than 100 sport and physical activity bodies have sent a letter to UK Prime
Gyms in the UK are continuing to successfully control COVID-19 transmisssion, according to the latest
Electronics giant LG has entered the fitness and wellness market with the launch of a
Exercise has been voted the number one way the public can help the NHS –
Hundreds of thousands of small companies in the UK – including those operating in fitness
Boutique gym attendance and class bookings in some world regions have bounced back to around
MyZone Group Ltd
MyZone Group Ltd
According to software solutions provider, Xn Leisure, the uncertainty surrounding COVID-19 has made it more
The government has further extended protection from rent enforcement activity until the end of the
Town Sports International – which operates a raft of brands, including the New York Sports
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Features
Supplier showcase
Sporteve has enhanced its in-club digital experience by working with Funxtion to install multiscreens to power the member experience
Features
Supplier showcase
SIX3NINE opened its second London studio in August, and will continue to partner with Physical Company as it aims to open up to five studios across the city
Features
Body scanning
COVID-19 is driving huge consumer interest in health, creating the opportunity for operators (with the right kit) to offer body scanning and analysis. We look at some of the top options
Features
feature
Wattbike’s lead sport scientist Eddie Fletcher discusses the importance of health assessments, changes in consumer behaviour post-lockdown and the latest UK government strategy
Features
Editor's letter
The hard work is paying off and we’re earning a reputation for safe operations. Now it’s time to tackle the next set of challenges – increasing capacity, yield and memberships, deepening engagement and rebuilding profits says liz Terry
Features
Supplier showcase
Prestigious estate, Stoke Park, has invested in a new fitness technology upgrade by Matrix
Features
Insight
As the physical activity and sports sector unites to fight its corner in making a case for government investment, Sport England has commissioned a research study to prove the economic value of activity, giving weight to the argument. Tom Walker reports
Features
People
HCM people

Luca Maggiora

Co-founder, House of Wisdom
People think making a change is easy and fast, but that isn’t true. It’s hard and it takes time
People
Our pre-sale deal is AED99 a month and if you join up on that rate you keep it for a lifetime
People
People in Club V trust me and I want to do the best for them and help them progress
People
Member confidence is the single most important factor, and I say – without doing so lightly – that our cleanliness standards, protocols and marketing are the best I’ve seen in the industry
People
I invite every organisation to become part of our consultation on workplace wellbeing, active ageing and long-term health conditions
People
HCM people

Mark Tweedie

CEO, Community Leisure UK
Once facilities are mothballed they are unlikely to reopen ever again
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We have residents who have come out of mobility scooters and can now walk around the village. We have people who, in their 80s, are learning to swim. These are real-life benefits
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I’m Confident we can deliver 50 coach gyms in the uk, however, I feel the opportunity is really much larger
People
Opinion
promotion
The pandemic has thrown a new focus on health, with sales of body composition analysis equipment at an all-time high, as InBody’s Francesca Cooper explains.
Opinion: Gyms add body composition analysis and health screening to their offering following pandemic
Featured supplier news
Featured supplier: Speedflex develops new personalised HIIT programme to support the overweight getting into fitness
As the government announced its new obesity strategy to limit the impact of a potential second wave of COVID-19, HIIT specialists, Speedflex are also doing their bit to help tackle the issue.
Featured supplier news
Featured supplier: Carbon Trainer raises the bar in strength training with next-generation AI Fitness Mirror
Carbon, creators of the first AI-powered at-home fitness mirror that tracks workouts announces the launch of Carbon Trainer.
Video Gallery
Temple Gym - Nautilus Equipment
Core Health & Fitness
Temple Gym - Nautilus Equipment Read more
More videos:
Company profiles
Company profile: MiE FitQuest
FitQuest (MiE Medical Research) are specialists in the field of human performance measurement. We have ...
Company profiles
Company profile: Harlands Group
Harlands Group is the leading provider of membership management services to leisure operators, processing over ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Direct debit solutions
Harlands Group: Direct debit solutions
Red Light Therapy
 Red Light Rising: Red Light Therapy
Skincare
Sothys: Skincare
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Fitness Software
FunXtion International BV: Fitness Software
Fitness equipment
TRX Training: Fitness equipment
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Exercise equipment
EXF Fitness Equipment: Exercise equipment
Wearable technology solutions
MyZone: Wearable technology solutions
Property & Tenders
11 - 25 Union St, London SE1 1SD
Bankside Open Spaces Trust
Property & Tenders
Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
07 Oct 2020
Online, Singapore, Singapore
Diary dates
17-23 Oct 2020
Pinggu, Beijing, China
Diary dates
03-06 Nov 2020
Online,
Diary dates
17 Nov 2020
Loughborough University, Loughborough, United Kingdom
Diary dates
27-28 Nov 2020
Athena, Leicester, United Kingdom
Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
Diary dates
23-26 Feb 2021
IFEMA, Madrid, Spain
Diary dates
03-04 Mar 2021
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Diary dates
03-06 Jun 2021
Expo Centre & Riviera di Rimini, Italy
Diary dates
16-17 Jun 2021
ExCeL London, London, United Kingdom
Diary dates
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