Snapdragon Capital Partners, a private equity investment firm focused on consumer companies, has invested over $30 million in Spartan Fitness Holdings Inc.
Spartan is a boutique fitness company. Since opening its first Club Pilates in March 2019 in Frisco, Texas, Spartan now owns and operates 60 Club Pilates studios across Texas, Florida, North Carolina, Ohio, Massachusetts, Missouri and Illinois, as well as additional units in other boutique beauty and wellness franchised systems, including Hand & Stone and V/O Med Spa. The funds will be used to drive Spartan’s Club Pilates expansion as well as to acquire and build other health and wellness concepts.
“We are excited to partner with Snapdragon, whose team has a strong track record of supporting and growing a wide range of category-defining consumer brands, as well as intimate knowledge of Xponential Fitness,” comments David Schuck, founder and CEO of Spartan. “Their investment will accelerate our expansion as we build the market-leading multi-brand health & wellness franchisee platform.”