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.
OIA Appoints Senior Director of Advocacy and Government Affairs
Jaclyn Levy is reported to be a “seasoned public policy leader and brings a unique perspective and a strong track record of implementing innovative solutions across diverse industries into her new role.”
Alterra Names President of Mike Wiegele Helicopter Skiing
Elias Ortner has been named President and COO of Mike Wiegele Helicopter Skiing
Extraordinary Brands Expands Leadership Team Across Multiple Departments
The parent of the Pūrvelo Cycle, Eat the Frog Fitness, Row House, and Neighborhood Barre fitness brands has added to its leadership team as the company continues its expansion efforts.
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.
NBDA Elects Three New Board Members
Shirley Gonzalos of Pedal the Peaks, Chelsea Kulp of Shore Brake Cyclery and Paul Tobio of Ryder Bikes bring a wealth of experience and a passion for strengthening specialty bicycle retailers and the cycling industry.
BRP Expands Presence in Palm Bay, Inaugurates New Design & Innovation Center
The parent company of the Ski-Doo, Sea-Doo and Lynx power sports brands, has opened its Design & Innovation Center in Palm Bay, FL, continuing its regional expansion.
Wintersteiger Hires New Sales Agency for Great Lakes Region
Wintersteiger, Inc. hired Phenix Project sales agency to represent Wintersteiger Sports and Bootdoc Hotronic in the Great Lakes Territory, effective January 1, 2025, replacin longtime sales reps Bill Ehmke and Mason Rickert, who will continue to take orders through the end of 2024.
American Outdoor Brands Postponing Annual Meeting, Filing Revised Proxy Statement
The revised proxy statement will include a binding proposal to approve amendments to its certificate of incorporation, eliminating the requirement for supermajority voting for amendments to its certificate of incorporation and bylaws.
Perfect Moment to Open SoHo Store in October
The London-based company said the new storefront will be situated at the corner of one of SoHo’s picturesque cobblestone blocks at 42 Crosby Street. Planning is underway for the store’s opening in October.
Golfzon Leadbetter and the Golf Rooms to Launch Golf Academy in London, UK
Golfzon Leadbetter and The Golf Rooms plan to expand their partnership to additional locations in the UK and internationally.
Yamaha U.S. Marine BU Appoints Product Management Division Lead
Miguel Avello leads the company’s Product Management Division, providing strategic direction and oversight of the marine product planning functions. He reports directly to Andrea Tetto, director, marine planning, Yamaha U.S. Marine Business Unit.
