SGB Update

Life Fitness and Egym Expand Partnership

Life Fitness and Munich, Germany-based Egym are reportedly working on a new Smart Cardio integration project, inspired by Egym’s Smart Cardio system.

BRP, Inc. Amends, Extends Term Loan Facility

The parent of the Ski-Doo, Sea-Doo and Lynx power sports brands successfully amended and extended a substantial portion of its term loan facility, effectively extending U.S. $1,000 million of debt maturities from 2027 to 2031.

Manchester United PLC Appoints New CEO

The club said it is “determined to put football and performance on the pitch back at the heart of everything it does, and Omar Berrada’s appointment represents the first step on that journey.”

Weber Cooks Up Global AR Facility with KKR

The initial $200 million facility is collateralized by certain accounts receivables of Weber in the U.S. and international markets, with subsequent closes of up to $100 million across European markets expected in the first half of 2024.

Sportsman’s Warehouse Appoints Chief Retail Officer

Craig McNair brings strong leadership experience in the outdoor specialty retail space, having worked in key roles at Academy Sports + Outdoors and Cabela’s, Inc., where he was responsible for large regions of stores.

Rapala VMC Appoints New Regional Sales Manager

Mike Baumgartner got his feet wet in the fishing business by working at Scheels as a fish and hunt sales associate while in college. Later, he joined Pure Fishing as a key account manager.

Pickleball Kingdom Opening in Tampa

The expansion marks another milestone in the company’s commitment to bring pickleball directly to consumers. Steve Poborka is the local franchisee for the Tampa club.