Seacoast Capital and E2 Complete Minority Recapitalization of Fitness Holdings North America

Seacoast Capital Invests in Focus Technology Solutions (Majority Recapitalization)

November 29, 2023

IT Services

Seacoast Capital has made its first investment from Seacoast Capital Partners V by providing equity and debt to support a majority recapitalization of Focus Technology Solutions alongside the company's management team. The financing enables a management-led recapitalization, promotes Chris Caprio to CEO, and provides working capital to support Focus's growth in managed IT, cloud and cybersecurity services.

Fitness Holdings Northeast Acquires Crunch York

April 29, 2019

Healthcare Services

Fitness Holdings Northeast, a leading Crunch Fitness franchise operator based in Greenwich, Connecticut, has acquired Crunch York, a Crunch Fitness club in southern Pennsylvania. The buyer also formed a strategic development relationship with CAS Management (led by Chad Smith) to develop an additional 4-5 clubs as Fitness Holdings expands its Northeast footprint.

Fitness Holdings Northeast Acquires Crunch Fitness Norwalk

January 10, 2022

Restaurants & Hospitality

Fitness Holdings Northeast, a leading Crunch Fitness franchise group, acquired Crunch Fitness Norwalk in January 2022. The acquisition brings Fitness Holdings' total club count to 28 (over 110,000 members) and advances the group's strategic plan to reach 50 clubs through add-ons and new-site development.

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.

North Castle Partners Invests in CR Fitness (Crunch Fitness Franchisee)

July 11, 2019

Healthcare Services

North Castle Partners has made a strategic growth investment in CR Fitness, a leading Crunch Fitness franchisee headquartered in Brandon, Florida, to accelerate club expansion across the U.S. Terms were not disclosed; CR Fitness operates roughly 20 clubs in Florida and Atlanta and plans to pursue aggressive expansion (greenfield and acquisition) toward a ~100-club goal.

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

June 26, 2025

Healthcare Services

Eagle Merchant Partners completed a recapitalization of Aligned Fitness (a leading Southeast-based Club Pilates franchisee) as its first investment from Fund II, with Boathouse Capital providing a $52 million credit facility and equity co-investment. Proceeds funded Aligned’s acquisition of two add-on franchisees — Crescent Concepts, LLC and Next Twenty, LLC — and will support new studio development and expansion across the Southeastern and Mid-Atlantic United States, bringing the combined platform to 34 studios.