Revelstoke Capital Partners-backed Empire Portfolio Group completed the acquisition of Orangetheory Fitness Franchisee, 10 studios and the area development rights in Charlotte.

Revelstoke Capital Partners-backed Empire Portfolio Group, a Area Developer & Franchisee of Orangetheory® Fitness, completed the acquisition of Orangetheory Fitness Franchisee, 10 studios and the area development rights in Charlotte. Financial terms were not disclosed. "The Carolina studios enjoy strong participation from a devoted member base and are anchors in their respective communities. We believe they will be a great fit with the Empire culture. We welcome the opportunity to provide members a safe place to improve their physical and mental health using state of the art technology and enhanced cleaning procedures. Our goal is to bring Orangetheory to everyone's back door," Adam Krell, Empire Portfolio Group CEO.