Revelstoke Capital Partners has taken a majority stake in Empire Portfolio Group Holdings, an Orangetheory Fitness franchisee. Empire founder and CEO Adam Krell will retain a stake and continue to lead the business.
“After a multi-year outbound search in the health and wellness sector, we are very excited to partner with Empire. Orangetheory Fitness is designed to produce results for its members inside and out, giving people a healthier, happier and more vibrant life,” says Revelstoke co-founder and managing partner Simon Bachleda.
Winston & Strawn LLP is acting as legal counsel to Revelstoke. Greenberg Traurig LLP is acting as legal counsel, and Piper Sandler & Co. is acting as financial advisor to Empire.