Echelon Fitness secures North Castle investment
Leisure Opportunities
Job search
Job Search
see all jobs
Latest job opportunities
Radley College
Good Salary
Abingdon, Oxfordshire
Energie Fitness
Winchester, Hants.
star job
Water Babies
£28,000 - £30,000pa + excellent benefits
Exeter, Devon. Hybrid Working
star job
Adventure Experience
£30,000 - £40,000pa
Barnet and Harrow, London
Wimbledon College
£23.50 ph + holiday pay
Wimbledon, London

Echelon Fitness secures North Castle investment

Job opportunities
Fleckney Parish Council
£25,000 - £27,000pa (Pay Award Pending)
location: Fleckney, Leicestershire, United Kingdom
Anglian Water
£30,000 - £35,000pa depending on experience
location: Oakham, Rutland, United Kingdom
Future Fit Training
location: Nationwide, United Kingdom
more jobs

Private equity firm North Castle Partners has taken a stake in at-home fitness and indoor cycling specialist Echelon Fitness.

The undisclosed investment will be used to expand the company's reach on the US and Canadian markets.

Echelon is looking to muscle in on the lucrative at-home indoor cycling market. It offers personalised workouts and an online community "at a reasonable cost".

By linking the Echelon Connect Bike and Fit App, members can use their own screens — from mobile phones to tablets to smart TVs — to join a variety of live and on-demand classes and special events led by instructors.

Echelon also operates a 4,300 sq ft indoor cycling studio at its HQ in Chattanooga, Tennessee.

According to Lou Lentine, president of Echelon Fitness, the North Castle deal will "bring Echelon’s total valuation to over US$100m".

"With North Castle’s investment and strategic partnership, Echelon will continue to become a leader in connected fitness products," Lentine said.

“Having North Castle on board provides many years of industry knowledge and successful relationships to help further our mission to offer connected fitness for everyone.”

North Castle's existing fitness and wellness investments include stakes in Equinox, Barry’s Bootcamp, Curves International, Octane Fitness, weight loss programme Jenny Craig and CR Fitness – a leading franchisee group in the Crunch Fitness network.

• To read an interview with Jon Canarick, North Castle's fitness lead, click here for the May 2019 issue of HCM magazine.

The investment comes one year after the launch of Echelon’s first Connect bike, which resulted in a 737 per cent increase in sales for the company.

Sign up for FREE ezines & magazines
Private equity firm North Castle Partners has taken a stake in at-home fitness and indoor cycling specialist Echelon Fitness.
HAF
imagesX/THUMB342592_378199_589463.jpg

More News

1 - 15 of 43,570
27 Jan 2022
Trib3 will open a studio in Ealing, West London in March, marking the boutique brand's entry into the capital's fitness market. The 36-trainer capacity site ... More
26 Jan 2022
More than 110,000 premature deaths could be prevented each year in the US if adults over the age of 40 added just 10 minutes of ... More
25 Jan 2022
The number of registered visitors to Dubai's Expo 2020 has passed 10 million. Expo 2020, which was, as the name suggests, originally scheduled for 2020 ... More
25 Jan 2022
Boutique boxing gym brand BXR London will open its second full-service club in London next month. BXR City, will open on 22 February 2022 on ... More
24 Jan 2022
Entries are now open for the annual UK Active Awards. Following two years of unparalleled disruption, UK Active has added two COVID-19-related award categories which ... More
21 Jan 2022
People with early-stage Parkinson’s should do regular exercise to slow down the progression of the disease. The finding comes from a six-year study that followed ... More
FIBO Exhibition
FIBO Exhibition
20 Jan 2022
Hybrid fitness platform FitLab has closed its Series A financing, bringing total capital raised to more than US$15m. FitLab will use the funding to scale ... More
19 Jan 2022
Boutique chain Trib3 will become one of the first fitness operators to establish a presence in the metaverse, making its workouts available in The Sandbox. ... More
19 Jan 2022
At-home fitness brand NordicTrack from iFIT has launched what it says are the first voice-controlled, adjustable dumbbells to work with Amazon's virtual assistant Alexa. The ... More
18 Jan 2022
The Workforce State of Mind Survey, now in its second year, has begun to gather data to gain insights into how the mental health of ... More
18 Jan 2022
Wellness operator and fit tech company, LIT Method, (low-intensity training) is ramping up expansion after launching into the franchising market. The company's hybrid business model ... More
17 Jan 2022
Planet Fitness has signed an agreement to acquire Sunshine Fitness – an operator of 114 Planet Fitness fitness clubs in the US – in a ... More
Floors 4 Gyms / TVS Sports Surfaces
Floors 4 Gyms / TVS Sports Surfaces
14 Jan 2022
People living in London have been advised to avoid or reduce strenuous exercise today (Friday 14 January) – especially outdoors – due to exceptionally high ... More
14 Jan 2022
A marketing partnership between fitness marketplace Hussle and fast-food giant McDonald's resulted in a significant increase in the number of people looking at gyms via ... More
12 Jan 2022
The UK government should encourage – and make it easier – for doctors and other health and care professionals to refer people to fitness facilities ... More
Les Mills
Les Mills
1 - 15 of 43,570
Technogym
Technogym