With the acquisition of Pure Barre, Xponential Fitness adds a seventh boutique fitness brand to its portfolio.
Boutique fitness brand parent company Xponential Fitness announced the addition of a seventh brand to its portfolio with the acquisition of Pure Barre, according to a release. Pure Barre joins Club Pilates, CycleBar, StretchLab, Row House, AKT and Yoga Six under the Xponential Fitness umbrella.
Pure Barre is a fitness concept built on small, isometric movements and the incorporation of a ballet barre. The 500-plus unit brand was founded in 2001, began franchising in 2009 and has since become the largest barre franchise in the nation. As part of the transaction, private equity firm L Catterton, which invested in Pure Barre in 2015, will contribute its investment into the acquisition.
"The addition of Pure Barre to our already robust portfolio of brands enhances our company and establishes Xponential as the number one curator of the best brands in the boutique fitness industry," said Xponential Fitness CEO Anthony Geisler.
Read the full release here.