Description
Revelstoke Capital Partners ("Revelstoke"), a Denver-based private equity firm, announced it has acquired a majority interest in Empire Portfolio Group Holdings ("Empire" or the "Company"), a leading franchisee and area representative of Orangetheory® Fitness ("Orangetheory"). Empire currently owns and operates a portfolio of 15 Orangetheory studios and 27 sub-franchised studios across New York, New Jersey, and Connecticut. The investment will support Empire's new studio growth across the country providing expanded access to Orangetheory Fitness' trifecta of science, coaching, and technology which leads to enhanced health and wellness for members. Empire's founder and CEO, Adam Krell, will retain a substantial ownership stake in the business and continue to lead the business going forward.