Core Health & Fitness, an affiliate of U.S. private equity firm Gainline Capital Partners LP, announced June 8 that it has acquired Jacobs Ladder. Jacobs Ladder is a leading provider of ladder climbing fitness services. Financial terms of the transaction are confidential.
The acquisition by Core Health & Fitness provides Jacobs Ladder with the financial resources to further grow its business.
"Before and after Covid, the focus continues to be on high intensity products. Many customers are going back to the gym for their personal training, where Core is seeing record year-over-year growth in commercial fitness."
Jason Leone, president of Core Health & Fitness
"This is a significant step for Jacobs Ladder, while granting us the support, investment and distribution we need to significantly grow our business and pursue our mission in the fitness industry. Another great benefit of this acquisition is the opportunity to work closely with Core and build an even more diverse network through its portfolio of globally renowned brands. We are pleased to have a new owner and excited about the opportunities this presents not only for Jacobs Ladder, but for the industry as a whole."
Bob Palka, CEO of Jacobs Ladder
Source and image credit: BODYMEDIA
Published on: 17 June 2022