Atlas Credit Partners, an asset management firm specializing in investing and partnering with medium-sized businesses, provided a $65 million financing facility to FitLab, a multi-brand fitness company with a fully integrated platform. The deal includes approximately $35 million funded at closing and $30 million of remaining availability.
This strategic facility from Atlas Credit Partners marks a significant step forward for FitLab. With this financing, FitLab acquired a cutting-edge fitness equipment manufacturer, further empowering FitLab to integrate every aspect of its customers’ fitness journey.
“Our pursuit of excellence extends beyond fitness and wellness innovation, encompassing strategic partnerships that elevate our company,” Mike Melby, co-founder and co-CEO of FitLab, said. “We’re thrilled to secure the financing from Atlas to allow us to accelerate our expansion and offer our integrated platform to a broader audience seeking unparalleled fitness experiences.”
“FitLab uniquely integrates every channel of the fitness ecosystem into a single, differentiated platform,” Andrew Sung, head of research at Atlas Credit Partners, said. “With this acquisition, combined with the company’s ramp of boutique fitness studios and partnership with a best-in-class global brand, we believe that our investment will help accelerate the pace at which the company continues to innovate the fitness experience.”
Billings & Company and Compass Point acted as financial advisors to FitLab in connection with this strategic acquisition financing.
