KPS Capital Partners to acquire the fitness business of Brunswick for $490m.

Private equity firm KPS Capital Partners to acquire the fitness business of Brunswick, an American corporation that has been active in developing, manufacturing and marketing a wide variety of products since 1845, for $490m. The acquired business manufactures and sells its strength and cardiovascular equipment and billiards tables and accessories under the brand names Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT, and Brunswick Billiards. "We are very excited to invest in Life Fitness, the leading global brand in fitness equipment. Life Fitness has the largest global installed base of equipment, with approximately two million pieces of cardiovascular and strength equipment used regularly by over 60 million people worldwide. We look forward to working with President Jason Worthy, his management team, and Life Fitness employees globally to build on this great platform and the Company's strong design, innovation, and product development heritage. KPS' track record of leveraging its capital, global platform, and commitment to investing in technology, innovation, growth, and customer service presents a tremendous opportunity for Life Fitness. We are exceedingly confident that Life Fitness will thrive as an independent company." Jay Bernstein, a Partner, KPS.