M&A Deal Summary

Nautilus Acquires Octane Fitness

On January 4, 2016, Nautilus acquired consumer products company Octane Fitness from North Castle Partners for 115M USD

Acquisition Highlights
  • This is Nautilus’ 1st transaction in the Consumer Products sector.
  • This is Nautilus’ largest (disclosed) transaction.
  • This is Nautilus’ 1st transaction in the United States.
  • This is Nautilus’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2016-01-04
Target Octane Fitness
Sector Consumer Products
Buyer(s) Nautilus
Sellers(s) North Castle Partners
Deal Type Add-on Acquisition
Deal Value 115M USD

Target

Octane Fitness

Brooklyn Park, Minnesota, United States
website
Octane Fitness LLC is an international fitness products company focused on reinventing zero-impact cardiovascular exercise.

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Buyer(S) 1

Buyer

Nautilus

Vancouver, Washington, United States

website

Category Company
Founded 1986
Sector Consumer Products
Employees410
Revenue 553M USD (2020)
DESCRIPTION

Nautilus is a global fitness products company providing innovative, quality solutions to help people achieve a healthy lifestyle. With a brand portfolio including Nautilus®, Bowflex®, TreadClimber®, Schwinn®, Schwinn Fitness™ and Universal®. Nautilus was founded in 1986 and is based in Vancouver, Washington.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 VAY

Zurich, Switzerland

VAY is specializes in computer vision and AI technology solutions and has developed reliable and precise software solutions for human motion analysis using any normal (RGB) camera from a device, such as a laptop, smartphone, or tablet. VAY is based in Zurich, Switzerland.

Buy -

Seller(S) 1

SELLER

North Castle Partners

Greenwich, Connecticut, United States

Investor

website

Category Private Equity Firm
Founded 1997
Size Middle-Market
Type Sector Focused
DESCRIPTION

North Castle Partners is a specialist private equity firm that targets investments in consumer-driven product and service businesses. North Castle seeks control investments in companies that benefit from consumers looking to live 'healthier' lives as well as businesses that benefit from the baby boomer population. Specific areas of interest include aesthetics and personal care, consumer health, fitness and recreation, home and leisure, and nutrition. North Castle was formed in 1997 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 16 of 25
Sector (Consumer Products) 7 of 10
Type (Add-on Acquisition) 10 of 15
State (Minnesota) 1 of 1
Country (United States) 14 of 23
Year (2016) 1 of 3
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 ProSupps USA

Plano, Texas, United States

ProSupps USA is a developer and marketer of supplements to enhance performance, physique, and recovery levels with a vision to encourage healthy living through exercise, diet, and supplementation. ProSupps USA is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Turnbridge

New Haven, Connecticut, United States

Turnbridge is a residential and outpatient clinical therapy system for substance abuse patients. Turnbridge was founded in 2003 and is based in New Haven, Connecticut.

Buy -
Mergr

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