Wahoo Fitness Acquires RGT Cycling

Rhône Makes Equity Investment in Wahoo Fitness

July 7, 2021

Consumer Products

Rhône, a global private equity firm, agreed to make a significant equity investment in Wahoo Fitness, with Wahoo founder Chip Hawkins and the management team reinvesting alongside Rhône. Norwest Equity Partners will remain a minority investor; the deal aims to support Wahoo's global expansion and growth of its connected-fitness hardware, software and content offerings.

ROUVY Acquires FulGaz from The IRONMAN Group

January 21, 2025

Software

ROUVY has acquired competitor indoor-cycling app FulGaz from The IRONMAN Group and will add FulGaz's most popular routes to its platform. The deal accompanies a multi-year partnership naming ROUVY the Official Digital Sports Platform of IRONMAN and IRONMAN 70.3, expanding ROUVY's content, AR features, and global reach for triathletes and cyclists.

Zwift Acquires Milestone Sports, LTD.

February 13, 2018

Manufacturing

Zwift, LLC has purchased Milestone Sports, LTD. and assumed the Milestone development team to integrate MilestonePod technology into Zwift’s running platform. 3-21 Capital acted as Milestone’s exclusive financial advisor; the deal brings foot‑pod and treadmill connectivity and advanced running metrics into Zwift’s indoor fitness ecosystem.

CI Financial Acquires Majority Interest in RGT Wealth Advisors

November 24, 2020

Wealth Management

CI Financial Corp. will acquire a majority ownership stake in RGT Wealth Advisors, a Dallas-based registered investment advisor with approximately US$4.7 billion in client assets, in a deal to be paid in cash and CI shares. The transaction, expected to close in Q4 2020 subject to regulatory and stock exchange approvals, expands CI's U.S. wealth footprint (bringing U.S. wealth assets to ~US$21 billion) while RGT principals will retain a meaningful ownership stake.

ROUVY Acquires BKOOL Indoor Cycling Platform

July 24, 2025

Cloud & SaaS

ROUVY has completed the acquisition of Spain-based indoor cycling platform BKOOL for an undisclosed sum. BKOOL will continue to operate as a standalone brand within The ROUVY Group, with employees retained and the platform used to bolster ROUVY's presence in Spain, France and Denmark while adding complementary route-creation capabilities.

RSG Group Acquires Gold's Gym

July 13, 2020

Healthcare Services

RSG Group GmbH was selected as the winning bidder in a court-approved auction and is set to acquire Gold's Gym, with an estimated purchase price of $100 million. The acquisition will allow Gold's Gym to emerge from Chapter 11 with 61 company-owned locations and more than 600 franchise-owned clubs, expanding RSG's global footprint.