Fitness Connection, a portfolio company of WestView Capital Partners, has been acquired by LNK Partners.
Fitness Connection is a developer, acquirer and manager of health clubs. The company currently has 28 locations in North Carolina, Texas, and Nevada, which typically range from 35,000 to 60,000 sq. ft. Fitness Connection is headquartered in McLean, VA (www.fitnessconnectionusa.com).
LNK Partners invests up to $150 million of equity per transaction in consumer and retail businesses. The firm is flexible in the type and structure of its investments and is comfortable being a minority or majority shareholder. The firm is based in White Plains, NY (www.lnkpartners.com).
WestView Capital Partners invests from $10 million to $30 million of equity in lower middle market companies with EBITDAs between $3 million and $20 million. Industries of interest include business and healthcare services; software and IT services; industrial and manufacturing; distribution and logistics; media and publishing; and consumer products and retail. The firm will invest both as a minority or majority investor. WestView currently manages over $500 million of equity and is based in Boston (www.wvcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-9-13
