Investment Summary

Synergy Capital Investments and Seacoast Capital Invest In Fitness Holdings

On April 17, 2019, private equity firm Synergy Capital Investments and growth capital firm Seacoast Capital invested in consumer services company Fitness Holdings

Investment Highlights
  • This is Synergy Capital Investments’ 1st and Seacoast Capital’s 2nd transaction in the Consumer Services sector.
  • This is Synergy Capital Investments’ 1st and Seacoast Capital’s 39th transaction in the United States.
  • This is Synergy Capital Investments’ 1st and Seacoast Capital’s 1st transaction in Connecticut.

Investment Summary

Date 2019-04-17
Target Fitness Holdings
Sector Consumer Services
Investor(s) Synergy Capital Investments
Seacoast Capital
Deal Type Growth Capital

Target

Fitness Holdings

Greenwich, Connecticut, United States
Fitness Holdings Northeast is a franchise group in the Crunch Fitness network. Fitness Holdings Northeast provides fitness experience for its members. Fitness Holdings Northeast was founded in 2012 and is based in Greenwich, Connecticut.

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Investor(S) 2

DESCRIPTION

Synergy Capital Investments is a private equity firm that specializes in the acquisition, joint venture, and management of small to mid-market operating businesses. Synergy seeks value-add transactions where it can partner with management to pursue growth initiatives and opportunities. Synergy Capital Investments was established in 2016 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Services) 1 of 1
Type (Growth Capital) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 CSI Laboratories

Alpharetta, Georgia, United States

CSI Laboratories provides a client- and patient-focused model of cancer diagnostic testing for pathologists, community hospitals and their patients. CSI Laboratories offers flow cytometry, cytogenetic analysis, fluorescence in-situ hybridization (FISH), immunohistochemistry, molecular genetics, next-generation sequencing, and consultations to hematopathology and surgical pathology clients. CSI Laboratories was founded in 1997 and is based in Alpharetta, Georgia.

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Investor

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 39 of 45
Sector (Consumer Services) 2 of 2
Type (Growth Capital) 11 of 16
State (Connecticut) 1 of 1
Country (United States) 39 of 45
Year (2019) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Stone Road Energy

Bridgton, Maine, United States

Stone Road Energy LLC is a retail distributor of propane and heating oil and service providers in New England. Stone Road portfolio consists of many brands in many regions, as we acquire local companies we retain their brand identity and presence in the communities they have served for many generations. Stone Road Energy LLC was founded in 2008 and is based in Bridgton, Maine.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-24 Cinetopia

Beaverton, Oregon, United States

Cinetopia is an operator of premium combination movie theatre/bar and restaurant concepts in Beaverton, OR, Vancouver, WA, and Overland Park, KS. Each of Cinetopia’s locations offers a mix of different theatre concepts – which include GXL, Grand, Living Room and Movie Parlor theatres – as well as a captive premium dining bar and restaurant, Brewtopia or Vinotopia.

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