Lometa Capital Partners Acquires National Gym Supply
March 6, 2023
Lometa Capital Partners, in partnership with company management and junior investor Aldine Capital Partners, acquired a majority stake in National Gym Supply (NGS). Founders Jon Webster and Rob Jacobs sold the majority interest but retain significant minority ownership and will remain involved; the transaction was funded with senior debt from Sunflower Bank and junior debt/equity from Aldine to support NGS's growth as an aftermarket parts distributor for commercial fitness equipment.
- Buyers
- Lometa Capital Partners, Aldine Capital Partners, Management and certain outside investors
- Targets
- National Gym Supply, LLC
- Sellers
- Jon Webster, Rob Jacobs
- Industry
- Industrial Services
- Location
- California, United States
- Transaction Type
- Buyout
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