acquisitions Archives - Athletech News https://athletechnews.com/tag/acquisitions/ The Homepage of the Fitness & Wellness Industry Fri, 21 Feb 2025 16:35:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://athletechnews.com/wp-content/uploads/2021/08/ATHLETECH-FAVICON-KNOCKOUT-LRG-48x48.png acquisitions Archives - Athletech News https://athletechnews.com/tag/acquisitions/ 32 32 177284290 Hims & Hers Acquire California Peptide Facility https://athletechnews.com/hims-hers-acquire-california-peptide-facility/ Fri, 21 Feb 2025 16:35:16 +0000 https://athletechnews.com/?p=122388 It’s the second acquisition announced by the health and wellness platform this month Hims & Hers has acquired a U.S.-based peptide facility to advance its personalized treatments and stake a claim in peptide innovation. Earlier this week, the Hims & Hers announced its acquisition of Trybe Labs, a New Jersey-based at-home lab testing facility, as it enters…

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It’s the second acquisition announced by the health and wellness platform this month

Hims & Hers has acquired a U.S.-based peptide facility to advance its personalized treatments and stake a claim in peptide innovation.

Earlier this week, the Hims & Hers announced its acquisition of Trybe Labs, a New Jersey-based at-home lab testing facility, as it enters the whole body testing space and new areas, such as low testosterone treatment and perimenopausal and menopausal support.

“The future of healthcare must be centered on the customer, which is why our operational structure is built to scale personalized care to more individuals at the highest standard of quality and safety, and with a focus on long-term consistency and availability,” Hims & Hers chief operating officer Melissa Baird said. “We’re building our supply chain to enable more Americans to access care, including personalized treatments designed around their needs. This acquisition is a reflection of our commitment to those goals and our ongoing investment in the customer from start to finish.”

It’s been a busy month for the health and wellness platform. During Super Bowl LIX, Hims & Hers ran it’s first-ever “big game” commercial, reminding viewers that 74% of Americans are overweight while taking aim at high-priced weight loss medications to the backdrop of “This is America” by Childish Gambino.

“There are medications that work, but they’re priced for profits, not patients,” a narrator said during the spot. “This system wasn’t built to help us. It was built to keep us sick and stuck. But not anymore.”

The ad then highlighted Hims & Hers’ offerings, including affordable, U.S.-formulated weight loss medications and personalized treatment plans.

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Bridges Consumer Healthcare Acquires KT Tape https://athletechnews.com/bridges-consumer-healthcare-acquires-kt-tape/ Thu, 16 Jan 2025 17:51:52 +0000 https://athletechnews.com/?p=119677 The deal comes as biohackers and wellness seekers are discovering the versatile benefits of kinesiology tape KT Tape, makers of the popular kinesiology tape used by athletes, personal trainers and fitness consumers, has been acquired by Bridges Consumer Health Care in a move designed to broaden its over-the-counter portfolio. The terms of the deal were not…

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The deal comes as biohackers and wellness seekers are discovering the versatile benefits of kinesiology tape

KT Tape, makers of the popular kinesiology tape used by athletes, personal trainers and fitness consumers, has been acquired by Bridges Consumer Health Care in a move designed to broaden its over-the-counter portfolio.

The terms of the deal were not disclosed.

Beyond its applications in athletics, kinesiology tape has become a versatile product, gaining popularity among biohackers and wellness enthusiasts for several uses, including mouth taping, which proponents say promotes nasal breathing, improved sleep, and strengthens the muscles around the mouth. In the beauty realm, it has also attracted attention from fans who believe the non-invasive and cheaper-than-Botox solution aids in preventing wrinkles and supports facial toning.

“We are excited to join forces with KT Tape to advance our shared goal of delivering innovative over-the-counter healthcare solutions to improve our customers’ everyday health and quality of life,” Bridges Consumer Healthcare CEO John Speranza said. “KT’s innovative solutions enhance Bridges’ already-strong position in pain relief, alongside our current brands in the external pain category, ThermaCare and Absorbine Jr. As we begin executing on our vision for growth, we look forward to exploring partnerships with similar brands that can help us scale further.”

KT Tape CEO Jessica Klodnicki stated that Bridges’ leadership and expertise in several consumer health verticals impressed the kinesiology tape brand. 

“Today’s announcement marks an exciting new chapter for KT, positioning us to reach more customers and continue to drive meaningful innovation through the added scale of the Bridges platform,” Klodnicki said. “We are thrilled to have found another collaborative strategic partner that shares a similar vision for the future of our business.”

Last summer, KT Tape added Turf Tape to its product lineup, designed to protect football players from turf burns while also providing pain relief and muscle support. 

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26North Acquires Onelife Fitness https://athletechnews.com/26north-acquires-onelife-fitness/ Fri, 04 Oct 2024 19:11:40 +0000 https://athletechnews.com/?p=112522 The deal will introduce Onelife Fitness clubs to new cities 26North Partners, an alternative assets firm founded by investor Josh Harris, has agreed to purchase Onelife Fitness and introduce new clubs in additional cities. Although the financial terms of the deal were not disclosed, anonymous sources close to the matter told Bloomberg that the transaction…

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The deal will introduce Onelife Fitness clubs to new cities

26North Partners, an alternative assets firm founded by investor Josh Harris, has agreed to purchase Onelife Fitness and introduce new clubs in additional cities.

Although the financial terms of the deal were not disclosed, anonymous sources close to the matter told Bloomberg that the transaction values the company at roughly $500 million.

The value fitness chain currently serves over 400,000 members across 61 clubs in Maryland, Virginia, West Virginia, Washington, D.C., North Carolina, and Georgia. Onelife Fitness has an extensive list of offerings depending on membership tier and club location, including group fitness classes, personal training, pools, saunas, whirlpools, HydroMassage, Hyperice Hypervolt and NormaTec Compression equipment, sports facilities, online nutrition and meal planning and child care.

In September, Onelife Fitness expanded to South Carolina after acquiring five MUV Fitness clubs, which have been rebranded under the Onelife Fitness name. 

“Onelife is a fantastic opportunity to back what we believe to be a best-in-class operator and enduring platform in a growing category that is underpinned by a long-term consumer focus on physical fitness and wellness,” said Mark Weinberg, 26North partner and head of private equity. “We are excited to use 26North’s Alpha Creation Team (ACT) to enhance Onelife’s growth.”

Onelife CEO Ori Gorfine noted that the fitness club has organically grown over the years, attracting fitness consumers searching for a high-value experience and rich amenities at an affordable price.

“We could not be more excited to marry our successful formula with 26North’s experience, resources, and guidance to bring Onelife Fitness to the next level,” Gorfine added.

Onelife founders Kirk and John Galiani reflected on the fitness club’s growth, crediting the brand’s value proposition and team.

“While we couldn’t be prouder of what has been accomplished, after developing a trusting relationship with Josh Harris and his team, we are convinced the best years of Onelife Fitness are ahead,” the pair said in a joint statement.

Investments Underscore the Health of the Fitness and Gym Market

A slew of noteworthy investments in the fitness industry have made headlines this year.

Last month, Seattle-based Rainier Partners and its subsidiary Omega Fitness acquired 21 Anytime Fitness gyms in Wisconsin from MDS Fitness. In another notable move, Los Angeles-based private equity firm Meaningful Partners acquired Fitness Ventures LLC, the second-largest Crunch Fitness franchise group. The move mirrors other investments that Crunch franchisees have received over the past year

Investments in the fitness sector have also expanded beyond the U.S. This past spring, Rhode Island-based Providence Equity Partners announced it would acquire VivaGym Group, a budget-friendly Iberian gym operator with over 100 clubs in Spain and Portugal.

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