M&A Deal Summary

Rainier Partners Acquires Omega Fitness Holdings

On November 16, 2023, private equity firm Rainier Partners acquired consumer services company Omega Fitness Holdings

Acquisition Highlights
  • This is Rainier Partners’ 1st transaction in the Consumer Services sector.
  • This is Rainier Partners’ 6th transaction in the United States.
  • This is Rainier Partners’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2023-11-16
Target Omega Fitness Holdings
Sector Consumer Services
Buyer(s) Rainier Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Fifth Third (Financial)
Perkins Coie (Legal)

Target

Omega Fitness Holdings

Monona, Wisconsin, United States
Omega Fitness Holdings is a franchisee of Anytime Fitness clubs, with nearly 70 gyms. Omega Fitness Holdings is based in Monona, Wisconsin

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Buyer(S) 1

Buyer

Rainier Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2020
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rainier Partners is a private equity firm focused on acquiring and investing in lower middle-market service-based companies. Areas of interest include business services, education, marketing, information services, financial services, consumer services, healthcare services, testing, industrial services, and engineering. Rainier Partners will consider businesses throughout North America with a preference for companies in the Western US and Canada. Prospective transaction situations include buyouts, divestitures, and turnarounds. Rainier Partners was formed in 2020 and is based in Seattle, Washington.


DEAL STATS #
Overall 6 of 8
Sector: Consumer Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 6 of 8
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-11 SCI Floor Covering

Romulus, Michigan, United States

SCI Floor Covering is a distributor and installer of floor covering products for the repair, maintenance, and restoration of commercial, healthcare, multi-family and insured residential properties in Michigan. SCI Floor Covering was founded in 1980 and is based in Romulus, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-19 WPAS

Mercer Island, Washington, United States

WPAS manages benefit plans as a third-party administrator (TPA) serving over 150,000 union members and their dependents on behalf of top Taft-Hartley trust funds, associations, and government entities in the region. WPAS was founded in 1953 and is based in Mercer Island, Washington.

Buy -