SGB Update

National Golf Buying Association Welcomes Miles of Golf

Miles of Golf is one of the Top 100 golf shops in the U.S. and a Golf Digest Top 100 club fitter since 1997. As part of the NGBA, Miles of Golf has access to a wide range of products and services from top manufacturers.

Tour Edge Appoints Vice President of Brand and Strategic Partners

Ladd comes to the role from Wilson Golf. She brings a strong background in golf knowledge with experience in national account and sales team management, merchandising and global marketing efforts garnered over a decade working for the company.

Dunlop Protective Footwear Gets New Majority Owner

The EQT Mid Market Europe fund has reportedly agreed to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management (GEM). Financial details of the transaction have not been disclosed.

Life Time Completes Credit Revolver Increase and Extension

In connection with the refinancing, the company said it borrowed under the revolver and paid the remaining aggregate principal amount of ~$200 million outstanding under its term loan facility that had an interest rate of SOFR plus 4.00 percent.

B.A.S.S., LLC Appoints Chief Operating Officer

Executive Vice President Phillip Johnson was promoted to chief operating officer. Johnson has 25 years of experience in sales and operations management. He will continue to play a crucial part in ad and sponsorship sales, events and content.

Report: Premium Fitness Flourishing at Life Time and Orangetheory

Placer.ai said in a recent blog post on the growth trends at premium fitness brands like Life time and Orangetheory. The company said it dove into the data for the two premium fitness chains to better understand what’s driving their recent success.

Bicycle Transit Systems to Acquire BCycle from Trek

The acquisition, expected to close in October, will allow Bicycle Transit Systems to expand mobility options in cities nationwide with solutions for building, installing and managing docked e-bike share.

Xponential Fitness Expands Rumble Boxing into Japan

In addition to the new Rumble Boxing franchise, Wellness X Asia acquired Master Franchise rights for Club Pilates in 2019 and has since launched 55 studios across Japan. Following this milestone, the company opened its first CycleBar studio in early 2023.