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Core Well being & Health LLC (Core), a portfolio firm of U.S.-based non-public fairness agency Gainline Capital Companions LP (Gainline), introduced that it has acquired Jacobs Ladder, a maker of ladder-climbing health choices.
Monetary phrases of the transaction are non-public.
The deal will present Jacobs Ladder with the funding and distribution to scale its enterprise. That is the second acquisition for Core Well being in 2022. It acquired Wexer in April.
“Previous to and popping out of COVID-19, industrial clients throughout health club and vertical market classes positioned or are inserting an elevated emphasis on excessive depth merchandise,” mentioned Jason Leone, the president of Core. “Many customers are returning to in-person exercises at health services the place Core is seeing document year-over-year industrial health development.”
“This can be a momentous step for Jacobs Ladder, concurrently granting us the assist, funding and distribution we have to dramatically scale our enterprise and speed up in direction of our mission within the health trade,” mentioned Bob Palka, the CEO of Jacobs Ladder. “The chance to work carefully with Core Well being & Health, collaborating throughout its portfolio of worldwide recognised manufacturers to construct an much more various ecosystem, is one other large good thing about this acquisition. In 2004, after we began, we realized it was an unparalleled health expertise. What we now have lacked for the previous 18 years is a companion to assist us share in an financial system of scale. Core not solely brings financial system of scale, however an iconic set of manufacturers. We’re delighted with our new possession and excited by its implications not just for Jacobs Ladder, however for the sector as an entire.”
Core Well being & Health is a portfolio firm of US-based non-public fairness agency Gainline Capital Companions LP. Core’s manufacturers embrace StairMaster, Schwinn, Nautilus, Star Trac, Throwdown and Wexer.
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