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Core Health & Fitness acquires Jacobs Ladder, meeting demand of a growing high intensity market segment
15 Jun 2022 . BY Megan Whitby
Core Health & Fitness, a portfolio company of US-based private equity firm Gainline Capital Partners LP, has acquired Jacobs Ladder, the leader in ladder climbing fitness offerings.

Financial terms of the transaction are private but the deal will provide Jacobs Ladder with the funding and distribution to scale its business.

Jason Leone, president of Core, said: “Prior to and coming out of Covid, commercial customers across gym and vertical market categories placed or are placing an increased emphasis on high intensity products.

“Many consumers are returning to in-person workouts at fitness facilities where Core is seeing record year-over-year commercial fitness growth.”

Bob Palka, Jacobs CEO, added: “This is a momentous step for the business which simultaneously grants us the support, investment and distribution we need to dramatically scale our business and accelerate towards our mission in the fitness industry.

“The opportunity to work closely with Core, collaborating across its portfolio of globally recognised brands to build an even more diverse ecosystem, is another huge benefit of this acquisition.

“When we launched in 2004, we realised it was an unparalleled fitness experience. What we have lacked for the past 18 years is a partner to help us share in an economy of scale. Core not only brings economy of scale, but an iconic set of brands.

“We’re delighted with our new ownership and excited by its implications not only for Jacobs Ladder, but for the sector as a whole.”

Harry Clouston, vice-president at Gainline, concluded: “As a leading B2B supplier for the global health and fitness market, we see Jacobs as a natural extension of Core’s business model.”

The collaboration will begin with the two companies jointly exhibiting at IHRSA this month.
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Power Plate UK named as finalist at ukactive Awards 2022
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Core Health & Fitness launches Schwinn X and Z Bikes
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Oss Fitness wins tender for three sports centres in Burgos, Spain
Oss Fitness has won a public tender to provide new fitness equipment from Core Health & Fitness to three sports centres in the City of Burgos in Spain.
Magicline celebrates UK market entry at Elevate
With a focus on globalisation, Magicline has officially launched its software in the UK. As Europe’s leading gym management software company, the company strives to provide the best tools for gym owners to be successful, win new members and elevate their businesses.
ACTIV partners with Fisikal to deliver custom branded member experience
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Thousands flock to register for Elevate 2022 in London this summer
The health and fitness industry is eagerly awaiting the return of Elevate, which will take place on 15-16 June 2022 at ExCeL London.
New £42m Moorways Sports Village to open on 21 May
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Virtuagym raises €3m investment to fuel innovation in health and fitness technology
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UK health clubs hit by rising cost of energy
Health clubs across the UK are facing huge rises in business energy bills which are forcing difficult decisions.
Virtuagym raises 3 million Euro investment to fuel innovation in health and fitness technology
Virtuagym, the leading global fitness technology provider, has raised a new 3 million Euro investment from Icecat, an Amsterdam-based technology company which invests in innovative technology organisations.
ELASKO showcases the innovative mobile stretch & posture bar at FIBO Cologne.
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03-04 Sep 2022

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Jobs    News   Products   Magazine
PRODUCT NEWS
Core Health & Fitness acquires Jacobs Ladder, meeting demand of a growing high intensity market segment
15 Jun 2022 . BY Megan Whitby
Core Health & Fitness, a portfolio company of US-based private equity firm Gainline Capital Partners LP, has acquired Jacobs Ladder, the leader in ladder climbing fitness offerings.

Financial terms of the transaction are private but the deal will provide Jacobs Ladder with the funding and distribution to scale its business.

Jason Leone, president of Core, said: “Prior to and coming out of Covid, commercial customers across gym and vertical market categories placed or are placing an increased emphasis on high intensity products.

“Many consumers are returning to in-person workouts at fitness facilities where Core is seeing record year-over-year commercial fitness growth.”

Bob Palka, Jacobs CEO, added: “This is a momentous step for the business which simultaneously grants us the support, investment and distribution we need to dramatically scale our business and accelerate towards our mission in the fitness industry.

“The opportunity to work closely with Core, collaborating across its portfolio of globally recognised brands to build an even more diverse ecosystem, is another huge benefit of this acquisition.

“When we launched in 2004, we realised it was an unparalleled fitness experience. What we have lacked for the past 18 years is a partner to help us share in an economy of scale. Core not only brings economy of scale, but an iconic set of brands.

“We’re delighted with our new ownership and excited by its implications not only for Jacobs Ladder, but for the sector as a whole.”

Harry Clouston, vice-president at Gainline, concluded: “As a leading B2B supplier for the global health and fitness market, we see Jacobs as a natural extension of Core’s business model.”

The collaboration will begin with the two companies jointly exhibiting at IHRSA this month.
PRODUCT NEWS
Premier Software raises over £1,000 cycling for Prostate Cancer UK
Throughout May, Premier Software’s team of cyclists aimed to ride 300 miles to increase cancer awareness, and raise important funds as part of Prostate Cancer UK’s Cycle the Month challenge.
Power Plate UK named as finalist at ukactive Awards 2022
Power Plate has been shortlisted for the “Developing & Supporting Communities following on from Covid-19” award at this year’s ukactive Awards.
Oss Fitness wins tender for three sports centres in Burgos, Spain
Oss Fitness has won a public tender to provide new fitness equipment from Core Health & Fitness to three sports centres in the City of Burgos in Spain.
New £42m Moorways Sports Village to open on 21 May
Everyone Active will open Moorways Sports Village to the public on Saturday 21 May with a grand opening weekend – in time for the half term holidays.
Virtuagym raises 3 million Euro investment to fuel innovation in health and fitness technology
Virtuagym, the leading global fitness technology provider, has raised a new 3 million Euro investment from Icecat, an Amsterdam-based technology company which invests in innovative technology organisations.
ELASKO showcases the innovative mobile stretch & posture bar at FIBO Cologne.
ELASKO, a London based stretch fitness brand has just released the first mobile stretch and posture bar at the FIBO Cologne. This new venture is in collaboration with NOHrD, the innovators of wooden fitness equipment and part of the established WaterRower brand.
Peloton Commercial announces new Distribution Partner in the Nordic Region
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PerformX Live Delivers The Event The Fitness Industry Has Been Demanding
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Founded in 2007 in Gersthofen, Germany, miha bodytec is the market-leading supplier of Electro Muscl [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

VIDEO GALLERY

Technogym Ride
Technogym is proud to unveil the new Technogym Ride. Born from Technogym’s long standing experience in cycling field and as official supplier to the best cyclists and teams around the world, Technogym Ride is the first all-in-one bike that connects all your favorite apps in just one click. Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

03-04 Sep 2022

HEALING SUMMIT 2022 - The Healing of Everything

Pine Cliff Resort, Portugal
12-13 Sep 2022

2022 Salt Therapy Association Conference

Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
+ More diary  
 


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©Cybertrek 2022

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