International Fitness Holdings, a portfolio company of TriWest Capital Partners

Ayrfit West Inc. has acquired International Fitness Holdings Inc., a portfolio company of TriWest Capital Partners

Ayrfit West Inc. has acquired International Fitness Holdings, a portfolio company of TriWest Capital Partners

Industry:

Entertainment and Recreation

Ayrfit West Inc. has acquired International Fitness Holdings, a portfolio company of TriWest Capital Partners. MNP Corporate Finance Inc. was the exclusive financial advisor to International Fitness Holdings Inc. in structuring and negotiating this transaction.

Transaction Brief

International Fitness Holdings (IFH) operates a chain of 22 fitness facilities in Calgary and Edmonton, Alberta, under the GYMVMT, HER GYMVMT, Banker’s Hall Club, and ClubFit brand names. IFH offers a broad range of fitness service offerings including an industry leading personal training program, an extensive offering of group fitness classes, an online virtual fitness video streaming platform, and established boutique offerings including spin studios and CrossFit studios.

Ayrfit West Inc. is a newly formed entity established to acquire the assets of IFH.