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Announced

Completed

VMG Partners completed the investment in [solidcore].

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
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Tags

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Private

Domestic

Friendly

Single Bidder

fitness company

Minority

Acquisition

Completed

United States

Recreational Services

Private Equity

Synopsis

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VMG Partners, a private equity firm specializing in building iconic consumer brands, completed the investment in [solidcore], a nationwide boutique fitness company. Financial terms were not disclosed. "We’re thrilled to be partnering with VMG for several reasons, but the most important is that we have shared values on how to run a business and that the financial return must follow that, it doesn’t lead it. Our people and our community come first and VMG gets that. Our company takes our mission statement of helping people create the strongest versions of themselves seriously. This investment allows us to bring our community to more people across the country and in due time, around the globe," Anne Mahlum, [solidcore] Founder, CEO and Chairwoman.

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