STAMFORD, Conn., [February 11, 2020] /PRNewswire/ — Gainline Capital Partners (“Gainline”), a private equity firm that invests in U.S. based middle market companies, announces that it has made an investment in Core Health & Fitness (“Core” or the “Company”). The terms of the deal were not disclosed.
Core’s current senior management team, led by Founder, Chairman and CEO Michael Bruno, will remain in place. Michael Bruno said, “this investment will propel Core to its next level of growth and vertical integration. Throughout the process, Gainline proved that it is a terrific partner for founder operated businesses, we are excited to continue our growth with them as partners.”
Rick Sullivan, a Partner at Gainline, said, “We are pleased to partner with such a strong and experienced CEO and management team. Core’s strong stable of brands coupled with an emphasis on innovative products and high-quality manufacturing, [makes for] an extremely impressive business. Core presents an attractive opportunity to implement Gainline’s investment strategy of investing in businesses with strong fundamentals and high-quality management teams to support long-term growth plans.”
About Gainline Capital Partners
Gainline Capital Partners is a private equity firm that invests in U.S. based middle market companies. The firm invests in profitable companies with enterprise values of up to $250 million. Gainline partners with management teams to help execute their vision, drive sustainable growth and create long term value. http://www.gainlinecapital.com/
About Core Health & Fitness
Core Health & Fitness is a vertically integrated global manufacturer of commercial fitness equipment with a strong market presence across cardio, strength, group cycling and high-intensity interval training (“HIIT”) equipment. Core’s innovative, high quality products are sold under the iconic brands StairMaster, Schwinn, Nautilus, Star Trac and Throwdown. https://corehandf.com/
Media Contact
Frank De Maria – Gainline Capital Partners
347 647 0284
[email protected]
SOURCE Gainline Capital Partners
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