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Meaningful Partners, LLC completes acquisition of Fitness Ventures, LLC, the second largest Crunch Fitness Franchisee

Aug 01, 2024•over 1 year ago

Acquiring Company

Meaningful Partners

Acquired Company

Fitness Ventures

Los Angeles

Description

Meaningful Partners, LLC has announced the closing of its acquisition of Fitness Ventures, LLC. This partnership reflects Meaningful Partners' progressive view on Purposeful Growth Capital, aligning perfectly with Crunch Fitness's commitment to innovation and excellence in the fitness industry.

Company Information

Company

Meaningful Partners

Location

Los Angeles, California, United States

About

Meaningful Partners, with offices in Los Angeles, CA and Austin, TX, invests in purposeful consumer businesses that have earned customer trust and loyalty, demonstrate a commitment to all stakeholders and are led by management teams empowering positive purpose and performance. Meaningful Partners makes control and minority investments ranging from $10 million to $50+ million in lower-middle market and high growth companies. The firm is led by an experienced investor and operator management team that leverages an Expert Community of 45+ CEO/Founders and discipline experts with over 800+ years of collective experience who bring relevant domain expertise to help accelerate the growth and impact at our partner companies. More at https://meaningfulpartners.com. SOURCE Meaningful Partners

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed