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Precor UK
Precor UK
Precor UK
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UNITING THE WORLD OF FITNESS
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.

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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Diary dates
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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.

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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World Gym International has launched a strength-only gym concept, which it says will cater for
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1 - 20 of 12,300
HCM Magazine
Editor's letter
We must move from mainly measuring participation to also measuring outcomes – social, personal and economic value
HCM Magazine
HCM People
It was important to create a high-end gym that offers as much value to the local community as it does to hotel guests
HCM Magazine
Evidence
Tom Walker investigates how £2.2bn worth of London 2012 legacy investment has failed to empower teachers
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Questex’s Sibec Europe-UK, Europe’s leading hosted buyer event for the fitness industry, will take place on 27-30 September 2022 at the Anantara Vilamoura Algarve Resort, in Portugal.
Featured supplier news
Featured supplier news: EGYM: A digital ecosystem that works for everyone
EGYM has been pioneering the connected gym floor for more than a decade, partnering with operators and other third-party integrations, to create a free-flowing training environment that places the member at the very centre of the experience.
Featured operator news
Featured operator news: Parkwood Leisure celebrates four award wins and named Outstanding Organisation of the Year at the 2022 ukactive Awards
It was a night to remember at the 2022 ukactive Awards for Parkwood Leisure, as the leisure facilities operator picked up four awards.
Featured operator news
Featured operator news: New £42m Moorways Sports Village to open on 21 May
Everyone Active will open Moorways Sports Village to the public on Saturday 21 May with a grand opening weekend – in time for the half term holidays.
Video Gallery
Total Vibration Solutions / Floors 4 Gyms / TVS Sports Surfaces
Sport Alliance GmbH
Company profiles
Company profile: Pulse Fitness
With an award-winning portfolio of over 450 pieces of cutting-edge, premium fitness equipment, Pulse Fitness ...
Company profiles
Company profile: Everyone Active
Everyone Active operates leisure centres in partnership with local councils across the UK. Today, Everyone ...
Supplier Showcases
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Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
Featured press releases: Pulse Fitness offers market-leading equipment at a fraction of the price with the launch of Pulse Resale
Pulse Fitness offers market-leading equipment at a fraction of the price with the launch of Pulse Resale
Featured press releases
Featured press releases: Serco Leisure makes major new appointment
Serco Leisure has named Leigh Brooks as its Director of Marketing, the first time in the company’s history it has appointed a marketing professional at director-level.
Directory
Salt therapy products
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Management software
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Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Whole body cryotherapy
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Lockers/interior design
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Fitness equipment
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Spa software
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Architects/designers
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Property & Tenders
Pendine Sands, Carmarthenshire
Carmarthenshire County Council
Property & Tenders
Runcorn
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Property & Tenders
Diary dates
12-13 Sep 2022
Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
Diary dates
21-21 Sep 2022
Various, London, United Kingdom
Diary dates
25-28 Oct 2022
Messe Stuttgart, Germany
Diary dates
25-28 Oct 2022
Ibiza, Ibiza, Spain
Diary dates
01-07 Dec 2022
tbc, Dunedin, New Zealand
Diary dates
17-18 Mar 2023
Tobacco Dock, London, United Kingdom
Diary dates
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