Core Health & Fitness Acquires Wexer, Unveils Digital Sector Consolidation Strategy

Core Wellness & Physical fitness LLC (“Core”), a portfolio enterprise of US-primarily based private equity firm Gainline Funds Partners LP (“Gainline”), declared these days that it has acquired Wexer Holding LLC (“Wexer”), a leader in digital overall health and fitness choices. Financial phrases of the transaction are non-public. 

The offer will deliver Wexer with the funding to scale its enterprise – like by considerable acquisitions to consolidate the digital health sector – and drive digital adoption across the international overall health club sector. 

Jason Leone, President of Main, claimed: “Coming out of Covid, commercial customers throughout gymnasium and vertical sector categories are positioning an enhanced emphasis on linked physical fitness. Nevertheless a lot of customers are returning to in-human being exercises, they be expecting to continue on to complement these with connected health and fitness workouts, highlighting the great importance of offering an omnichannel practical experience.” 

Paul Bowman, Wexer CEO, mentioned: “This is a momentous move for Wexer, at the same time granting us the help, financial investment and distribution we have to have to significantly scale our business enterprise and accelerate towards our mission of hybridising the health field. 

“The opportunity to perform intently with Main Health & Health and fitness, collaborating across its portfolio of globally recognised brands to construct an even a lot more assorted digital ecosystem, is yet another big advantage of this acquisition. We are delighted with our new ownership and excited by its implications not only for Wexer, but for the sector as a complete.” 

Rick Sullivan, Husband or wife at Gainline, included: “As a foremost B2B supplier for the international health and fitness and physical fitness industry, we see Wexer as a purely natural extension of Core’s business design.” 

The collaboration will start out with a worldwide roadshow created to educate and encourage the health sector around the require to embrace omnichannel health and fitness. Discovering the effective impact that a digital providing has on wellness club membership revenue, up-gross sales and member retention, the roadshow will aid operators with insights not only into why but also how to make the enterprise-essential change to a sustainable hybrid product. 

About Core Health & Fitness 

Core Wellbeing & Fitness is a vertically built-in world manufacturer of exercise products with a solid sector presence throughout cardio, strength, group cycling and substantial-intensity interval training (HIIT) tools. Core’s revolutionary, significant-top quality products are offered under the legendary brand names of StairMaster, Schwinn, Nautilus, Star Trac and Throwdown. Main sells its goods into extra than 100 nations around the world around the world. 

About Wexer 

As a digital conditioning marketplace leader, our mission at Wexer is to bring earth-class electronic conditioning to your local community. In the physical fitness sector, we partner with our clients to make certain overall health golf equipment stay at the coronary heart of the member experience. Our technology generates a bridge involving the digital and physical worlds, maximizing in-club items and encounters broadening the viewers for clubs’ abilities, expertise and programming via new ‘always-on’ channels and enabling every single person touchpoint to be formed by details and customized insight. 

About Gainline Cash Companions

Gainline Funds Partners is a personal equity business that invests in US-based mostly center sector businesses. The business invests in profitable providers with company values of up to US$250m. Gainline partners with administration groups to assist execute their eyesight, drive sustainable progress and generate long-phrase benefit.