Announced
Completed
Financials
Tags
United States
fitness
Recreational Services
Acquisition
Domestic
Majority
Private
Completed
Friendly
Single Bidder
Synopsis
Stride Fitness Franchising completed the acquisition of STRIDE Fitness, a boutique fitness franchise, from Xponential Fitness, a franchisor of health and wellness brands. Financial terms were not disclosed. “We continuously evaluate our portfolio of brands to ensure profitable growth, optimize global customer experiences, and drive long-term value creation for our stakeholders. We are pleased to transition the STRIDE brand to an operator with almost a decade of experience owning and operating franchises prior to joining Xponential. After considering the potential alternatives for STRIDE, we concluded that this transaction was the best option for Xponential and the STRIDE brand,” Anthony Geisler, Xponential Fitness CEO.
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