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Les Mills
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

TRX secures capital investment deal to recapitalise business

Functional fitness equipment supplier TRX has recapitalised its business by securing capital investment from private equity firm Equity38.

The deal has been structured as a management buyout of previous investors, with Equity38 taking over their stakes.

According to Randy Hetrick TRX founder and CEO, the deal is "ideal" for the company, as it maintains the company's existing infrastructure while arming it with the capital to "further develop the TRX brand and business".

"This partnership came together in the most organic and serendipitous way imaginable," Hetrick said.

"In addition to arming us with a war chest of growth capital, Equity38 brings deep experience in our industry and their active involvement in the business and stewardship will be an important part of our next chapter."

Equity38 is a consumer-focused private equity firm co-founded in 2018 by Brent Leffel and David Cox.

Leffel and Cox have experience of the fitness sector, having previously worked as principal investors, c-level executives and board directors with prominent fitness brands such as New Evolution Ventures UFC GYM, US Fitness, Crunch Fitness, Barry's Bootcamp and Orangetheory Fitness.

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Fitness equipment supplier TRX has recapitalised its business after securing capital investment from private equity firm Equity38.
HAF,FIT,IND,PTS
imagesX/THUMB340530_846477_126383.jpg
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José Teixeira

SC Fitness, Portugal: head of customer experience
People often assume that those who pay more stay longer, but we don’t see this. What we see is that if you have PT you stay longer because you use more, not because you pay more
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News

TRX secures capital investment deal to recapitalise business

Functional fitness equipment supplier TRX has recapitalised its business by securing capital investment from private equity firm Equity38.

The deal has been structured as a management buyout of previous investors, with Equity38 taking over their stakes.

According to Randy Hetrick TRX founder and CEO, the deal is "ideal" for the company, as it maintains the company's existing infrastructure while arming it with the capital to "further develop the TRX brand and business".

"This partnership came together in the most organic and serendipitous way imaginable," Hetrick said.

"In addition to arming us with a war chest of growth capital, Equity38 brings deep experience in our industry and their active involvement in the business and stewardship will be an important part of our next chapter."

Equity38 is a consumer-focused private equity firm co-founded in 2018 by Brent Leffel and David Cox.

Leffel and Cox have experience of the fitness sector, having previously worked as principal investors, c-level executives and board directors with prominent fitness brands such as New Evolution Ventures UFC GYM, US Fitness, Crunch Fitness, Barry's Bootcamp and Orangetheory Fitness.

Sign up for FREE ezines & magazines
Fitness equipment supplier TRX has recapitalised its business after securing capital investment from private equity firm Equity38.
HAF,FIT,IND,PTS
imagesX/THUMB340530_846477_126383.jpg

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1 - 15 of 11,181
Features
Group exercise
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Features
Circuits
Circuits are a powerful way to deliver a controlled and effective workout to people of a range of abilities in a short time frame. HCM reviews some of the leading systems
Features
Supplier showcase
Pulse Fitness has installed a premium fitness facility at The University of Liverpool, fitting the space with its state-of-the-art equipment to appeal to staff and students alike
Features
Supplier showcase
Northumbria University has partnered with Matrix Fitness to fit out its newly refurbished sports centre and gym, using the latest in fitness technology to motivate members
Features
IHRSA Update
IHRSA’s Kristen Walsh shares highlights from The 2019 IHRSA Health Club Consumer Report into the US fitness market, as well as giving universal advice about how to stay relevant
Features
feature
“We can include those yet to take the plunge into wearables,” says Myzone’s Dave Wright
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José Teixeira

SC Fitness, Portugal: head of customer experience
People often assume that those who pay more stay longer, but we don’t see this. What we see is that if you have PT you stay longer because you use more, not because you pay more
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Gita Sjahrir

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Featured supplier news
Featured supplier: Who does your brand belong to?
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Featured supplier news
Featured supplier: CIMSPA Youth Panel to give real insight into Gen Z at active-net 2020
It’s just months away until active-net 2020, the two-day educational, networking and business meetings event, which attracts professionals from across the leisure sector.
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Company profile: MiE FitQuest
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Company profile: Matrix Fitness
At Matrix Fitness, our goal is to make innovative commercial fitness equipment that stands out ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Wearable technology solutions
MyZone: Wearable technology solutions
Fitness software
Go Do.Fitness: Fitness software
Management software
GymSales: Management software
Spa software
ResortSuite: Spa software
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Les Mills
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