Bansk Group to acquire Foundation Wellness from Gridiron Capital.

Bansk Group, a consumer-focused private investment firm, agreed to acquire Foundation Wellness, a consumer health & wellness platform managing a family of specialty orthotics brands, from Gridiron Capital, a private equity firm. Financial terms were not disclosed. "As we see consumers increasingly focus on health, wellness and fitness, along with an aging U.S. population seeking to live a more active lifestyle, demand for effective, pain-relieving orthotic solutions is poised for long-term, secular growth. For nearly 90 years, Foundation Wellness has built a reputation for prioritizing the health and wellness of consumers. We look forward to leveraging our track record in the consumer health sector to capitalize on strong demand for Foundation Wellness' clinical orthotics offering and thoughtfully expand the Company's platform in adjacent categories," Chris Kelly, Bansk Senior Partner.