Topspin Partners LBO Acquires Equity Interest in HCOA Fitness

HGGC Acquires Majority Stake in PF Atlantic Holdings (Rebranded Grand Fitness Partners)

November 18, 2021

Healthcare Services

HGGC completed a majority investment in PF Atlantic Holdings, which is rebranding as Grand Fitness Partners; co-founders David Bidwell and Scott Linsky will continue to lead the business and retain a significant minority stake alongside current investor Monogram Capital. Grand Fitness Partners, headquartered in Toms River, New Jersey, operates 42 Planet Fitness locations across Florida, California, New Jersey and Pennsylvania; financing for the transaction was provided by Carlyle’s Global Credit and Goldman Sachs Asset Management Private Credit.

Topspin Consumer Partners Invests in Coop Home Goods

August 17, 2021

Consumer Products

Topspin Consumer Partners, a Mamaroneck, NY-based private equity firm, has made a growth investment in Coop Home Goods, a digitally-native designer and marketer of adjustable memory-foam pillows and sleep accessories. Founders Jin and Kevin Chon will remain in place to run the business, and the transaction was financed with debt facilities provided by Star Mountain Capital and BHI (Bank Hapoalim U.S. division).

H.I.G. Capital Acquires Health-E Commerce from BPOC

June 18, 2024

E-Commerce

An affiliate of H.I.G. Capital has completed the acquisition of Health-E Commerce, the Dallas-based e-commerce retailer operating FSAstore.com, HSAstore.com and the Caring Mill private label. The majority stake in Health-E Commerce was previously held by BPOC (since 2019); H.I.G. will partner with management to expand product selection, telehealth services and technology integrations with third-party administrators to drive growth.

Topspin Consumer Partners Makes Growth Investment in MISSION

January 11, 2022

Consumer Products

Topspin Consumer Partners has made a growth investment in MISSION, a developer of proprietary wearable cooling technologies, partnering with the company's founders as well as DCF Capital and Allstar Innovations. The minority growth capital will support MISSION's scaling across consumer, fitness/health and jobsite channels; terms were not disclosed.

Seacoast Capital and E2 Complete Minority Recapitalization of Fitness Holdings North America

January 29, 2020

Healthcare Services

Fitness Holdings North America (FHNA), one of the largest independent Crunch Fitness franchisees, completed a minority recapitalization and growth financing with Seacoast Capital and E2 Venture Partners. The financing will be used to accelerate FHNA's expansion (organic and acquisitive) across the Northeast as it grows from 22 locations toward a 50+ club target.

HealthFitness Acquires Midtown Health from Tennis Corporation of America

April 27, 2021

Healthcare Services

HealthFitness, a Trustmark company based in Lake Forest, Illinois, has acquired Midtown Health, the onsite fitness and corporate-wellness management division of Tennis Corporation of America. Midtown Health — which manages 25 onsite fitness centers nationwide — will join HealthFitness to expand its onsite and virtual wellness capabilities and scale its corporate and hospital wellness management services.