Golub Capital acted as administrative agent on a $120 million GOLD facility to support the refinancing of EOS Fitness by Bruckmann, Rosser, Sherrill & Co. (BRS).
EOS Fitness runs High Value Low Price (HVLP) gyms, which combine the pricing of a low cost gym with a full suite of amenities including personal training, group fitness, cycling studios, swimming pools, turf functional training areas, full locker rooms and Kids’ Clubs. It currently operates 30 locations in Phoenix, Las Vegas and Southern California.
The financing from Golub Capital will be used to expand the company’s footprint and open more gyms throughout the U.S.
“BRS has a longstanding track record of identifying companies in the retail space which offer consumers high value,” said Greg Cashman, senior managing director at Golub Capital. “We have a strong relationship with the BRS team, having financed several prior consumer retail investments, and were able to provide a flexible financing solution to help EOS grow.”
“Golub Capital’s expertise in the fitness and retail sectors, combined with the flexibility and scalability of the GOLD financing, gave us a lot of confidence about being able to achieve our growth goals,” said Rashad Rahman, BRS managing director. “We look forward to continuing our partnership with the Golub team.”
GOLD financings are Golub Capital One-Loan Debt facilities.
Founded in 1996, Bruckmann, Rosser, Sherrill & Co. is a New York-based private equity firm with $1.6 billion of committed capital under management in four investment partnerships. The firm focuses on investing in middle market consumer goods and services businesses.
