Equity38 invested in TRX, a training equipment maker.

TRX announced recapitalization of the business with a strategic growth capital investment from Equity38. Financial terms were not disclosed. Structured as a management buyout of previous investors by Equity38, the partnership was ideal for TRX in that it maintains the company’s existing infrastructure, while also arming TRX with the capital and significant additional category expertise and resources from Equity38, to further develop the TRX brand and business to an even higher level. “I couldn’t be more excited to welcome the Equity38 team into the TRX family. In addition to arming TRX 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.” Randy Hetrick, TRX Founder and CEO.