Genstar Capital and existing investor GI Partners, have recapitalized Daxko, the health, fitness, and wellness industry software and integrated payments provider.
Ron Lamb, CEO of Daxko, said, “Daxko is the leading integrated software and payments provider to the health and wellness industry and our software is the lifeblood of our customers’ daily operations. Our end-to-end platform offering continues to expand from attractive organic growth initiatives as well as ongoing execution of our proven acquisition strategy. We have worked closely with GI Partners who have supported us and helped make meaningful enhancements to the business. We now look forward to also partnering with Genstar to further transform the offerings we provide customers as Daxko progresses as an unrivaled leader in the industry.”
Travis Pearson and Sendil Rajendran of GI Partners, commented, “Daxko’s product portfolio is uniquely positioned across the full customer continuum, serving multi-purpose fitness centers as well as boutique operators. We have worked with the management team to help their customers’ members lead healthier lives and are pleased to re-invest in Daxko alongside Genstar to help develop and deliver new products that will further build out Daxko’s suite.”
Eli Weiss and Rob Clark of Genstar Capital, said, “Daxko operates in the dynamic and growing health and wellness software market, and we are very excited by the ability of its software solutions to help customers re-evaluate their operations, develop new strategies, and better engage their members. We see further significant opportunity to penetrate markets globally and look forward to partnering with Daxko and the GI Partners team to further effect change that will benefit Daxko, its customers, and employees.”
Credit Suisse Securities (USA) LLC and William Blair & Co LLC acted as financial advisors to Daxko. Ropes & Gray served as legal advisor to Daxko and GI Partners. Kirkland & Ellis served as legal advisor to Genstar Capital.