West Coast Fitness Acquires Northern California Orangetheory Fitness Franchisee from John Rowdon

Empire Portfolio Group Acquires 11 Orangetheory Fitness Studios in Northern Virginia and Washington, D.C.

October 27, 2021

Healthcare Services

Empire Portfolio Group, a portfolio company of Revelstoke Capital Partners, acquired 11 Orangetheory Fitness studios and related area development rights in Northern Virginia and Washington, D.C. Farlie Turner Gilbert & Co. advised the selling shareholders; terms were not disclosed. The deal represents an add-on/geographic expansion for Empire’s Orangetheory franchise footprint under Revelstoke’s ownership.

Honors Holdings Acquires Four Orangetheory Fitness Studios and Area Development Rights in Tennessee and Mississippi

September 6, 2022

Healthcare Services

Honors Holdings, the largest Orangetheory Fitness franchisee, acquired Area Development Rights and four owned Orangetheory Fitness studios in Tennessee and northern Mississippi. The transaction is Honors' 21st acquisition since partnering with Prospect Hill Growth Partners in 2017 and coincides with leadership changes—Jason Carter promoted to CEO and Jamie Weeks becoming Executive Chairman.

Afterburn Holdings Acquires Orangetheory Washington State Area Representative

December 16, 2021

Healthcare Services

Afterburn Holdings, a Brentwood-backed Orangetheory Fitness franchisee, acquired the Washington state area representative including 18 owned studios, 13 sub-franchised studios and area development rights. Brentwood Associates partnered with Garnett Station Partners to finance the transaction and will continue supporting Afterburn's expansion into the Pacific Northwest.

Empire Portfolio Group Acquires 10 Orangetheory Fitness Studios and Area Development Rights in Charlotte, NC and South Carolina

October 7, 2021

Healthcare Services

Empire Portfolio Group, a portfolio company of Revelstoke Capital Partners, acquired 10 Orangetheory Fitness studios and associated area development rights in Charlotte, North Carolina and regions of South Carolina. Farlie Turner Gilbert & Co. advised the selling shareholders; terms of the transaction were not disclosed.

OT Growth Partners Acquires FIT Enterprise (Orangetheory Fitness Iowa Area Developer)

January 24, 2019

Restaurants & Hospitality

OT Growth Partners, a portfolio company of Kian Capital, has acquired FIT Enterprise, the Orangetheory Fitness area developer for Iowa. The deal brings seven operating studios (with additional studios under development) into OT Growth Partners' platform and expands its footprint in the Midwest; terms were not disclosed.

Brentwood Associates Acquires Majority Interest in Afterburn Holdings

January 11, 2019

Healthcare Services

Brentwood Associates has acquired a majority interest in Afterburn Holdings, a leading Orangetheory Fitness franchisee headquartered in Houston, Texas, which operates 12 studios and oversees an additional eight in the greater Houston market. Company founders/operators Jim Potesta and Marty Reichenthal retain substantial ownership and will continue to run the business as Brentwood partners with management to drive multi-unit growth and geographic expansion.