Public Company Consumer

Interactive Strength

Austin, Texas, United States

Interactive Strength Inc. (NASDAQ: TRNR) has established a leading portfolio of premium fitness brands—Wattbike, Ergatta, CLMBR, and FORME—that combine advanced hardware, smart technology, and immersive content to deliver training experiences for both commercial and home use.

Focus Areas
Connected fitness equipment, Fitness hardware manufacturing, Digital fitness content/services

Tracked deals

3

3 tracked deals across 2024-2026.

Recent pace

2

2 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

Interactive Strength Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Interactive Strength. 1 2024 ~3 est. 2 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Interactive Strength Inc.
    Target
    STEPR, Inc.
    Seller
    STEPR founders (Dan Alenaddaf mentioned; employment arrangements noted), STEPR PTY (seller parties referenced in SEC-filing summary)
    Location
    United States
    Type
    Buyout

    Interactive Strength Inc. (Nasdaq: TRNR) signed a definitive agreement to acquire 100% of STEPR, Inc., a connected stair-climbing brand for home and commercial training. The deal is valued at a $6.7 million base consideration (cash, debt, and TRNR equity with performance-based earn-outs) and is expected to close in Q4 2026, subject to customary conditions and an audit of financial statements.

  • Buyer
    Interactive Strength Inc.
    Target
    Ergatta, Inc.
    Industry
    Cloud & SaaS
    Location
    United States
    Type
    Buyout

    Interactive Strength Inc. (Nasdaq: TRNR), owner of Wattbike, CLMBR, and FORME, has signed a definitive agreement to acquire Ergatta, a pioneer in game-based connected fitness. The deal is expected to close in the first quarter of 2026, subject to customary closing conditions, with TRNR acquiring 100% of Ergatta and using a mix of cash, debt, stock, and earn-outs.

  • Buyer
    Interactive Strength Inc. (TRNR)
    Target
    CLMBR, Inc.
    Seller
    CLMBR equity holders
    Type
    Buyout

    Interactive Strength Inc. (Nasdaq: TRNR) completed the acquisition of substantially all assets of CLMBR, Inc. on February 2, 2024, in an asset deal that included equity issuance and assumption of debt. The deal (enterprise value $15.4 million) is intended to accelerate TRNR's move into the B2B channel — leveraging CLMBR's connected vertical climber and consumer installed base to drive combined revenue of $15–20 million in 2024 and near-term profitability.

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