Gainline Capital Partners, a private equity firm is planning to expand in fitness equipment business sector. It has announced to make investment in Core Health & Fitness, a global leader in commercial fitness equipment manufacturing. Financial terms of the transaction aren’t revealed yet.
“Throughout this process, Gainline has proven that it is a terrific partner for founder operated businesses. This investment will propel Core to its next level of growth and vertical integration, and we are eager to continue our growth with them as partners.” Said Chairman and CEO Michael Bruno of Core Health & Fitness.
A number of Core’s leading brands are coupled with stress on innovative products and high-quality manufacturing units for an extraordinary business. Strenuous fundamentals and high-quality management teams back long-term expansion ideas and Core offers an appealing opportunity to execute Gainline’s investment strategy of investing in businesses.
Pioneering and unique Products developed by Core Health & Fitness specializing in cardio, high-intensity interval training (HIIT), group cycling and strength equipment are sold under the iconic brand names like Nautilus, StairMaster, Schwinn, Star Trac and Throwdown.
Gainline Capital Partners has already made investments in U.S. based profitable middle market companies with enterprise values of up to $250 million. It also partners with a number of management teams to execute their vision and drive long-term sustainable growth.
In May Last year, Gainline has reached a $155m hard cap for the final close of its first private equity fund.