Eagle Merchant Partners Recapitalizes Aligned Fitness; Aligned Acquires Two Club Pilates Franchisees

Aligned Fitness (Eagle Merchant Partners) Acquires 13 Club Pilates Studios

December 9, 2025

Healthcare Services

Aligned Fitness, a portfolio company of Eagle Merchant Partners, acquired 13 Club Pilates studios across North Carolina, South Carolina and Georgia in a series of add-on transactions. The bolt-on deals expand Aligned's Club Pilates footprint to 47 locations and support Eagle Merchant Partners' strategy to build a scaled health and wellness platform in the Southeastern United States.

The Beekman Group Recapitalizes Eclipse Fitness Group

January 24, 2023

Healthcare Services

An affiliate of Beekman Investment Partners IV (The Beekman Group) completed a majority recapitalization of Eclipse Fitness Group, a Planet Fitness franchisee operating 20 clubs across Georgia and Florida. The transaction partners Beekman with Eclipse's management team, led by co-founder and CEO Toby Hines, to fund new club openings and potential acquisitions of other Planet Fitness franchisee networks.

New Enterprise Associates-Led Syndicate Recapitalizes AllyAlign Health

July 19, 2021

Insurance

An investment syndicate led by New Enterprise Associates, Inc. completed a significant recapitalization of AllyAlign Health, a Medicare Advantage insurer focused on residents of senior housing communities. Health Enterprise Partners, an existing investor and founder backer, partnered with AllyAlign since inception; terms of the recapitalization were not disclosed and the capital is intended to support scaling the company's model across skilled nursing and senior housing.

Align Capital Partners Recapitalizes Premier Biotech

December 7, 2022

Medical Devices

Align Capital Partners has completed a recapitalization of Premier Biotech, a Minneapolis-based provider of point-of-care drugs of abuse testing devices and accredited laboratory services. Cascadia Capital served as exclusive financial advisor; Align will partner with management to scale the business, accelerate product development and expand the company's reach across workplace, government and clinical end markets.

CrestPeak Acquires Millennium Health and Fitness

December 12, 2023

Healthcare Services

CrestPeak, a Boathouse Capital‑sponsored company, has acquired Millennium Health and Fitness. The deal places Millennium under new executive leadership and aims to expand the company's footprint in population health management, human performance and health & wellness services for corporate and government clients.

Snapdragon Capital Invests Over $30 Million in Spartan Fitness Holdings

April 20, 2023

Healthcare Services

Snapdragon Capital Partners has invested more than $30 million in Spartan Fitness Holdings, the largest Club Pilates franchisee, to accelerate expansion of Club Pilates studios and to acquire and develop additional wellness brands including Hand & Stone and V/O (VIO) Med Spa. The capital will be used for new builds, acquisitions and to build Spartan’s multi-brand boutique fitness and wellness platform across multiple U.S. states.