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Empire Portfolio Group Acquires 11 Orangetheory® Fitness Studios Plus Area Development Rights in Northern Virginia and Washington, D C
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Revelstoke Capital Partners Closes 100th Transaction
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Empire Portfolio Group, an Orangetheory® Fitness Area Developer & Franchisee, Acquires 8 Studios in and the Area Development Rights to Maine, Vermont and New Hampshire
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Empire Portfolio Group, a Leading Area Developer & Franchisee of Orangetheory® Fitness, Acquires 4 Studios in Connecticut
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Revelstoke Capital Partners Invests in Empire Portfolio Group Holdings
Supports Growth for Leading East Coast Orangetheory® Franchisee
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DENVER, Jan. 6, 2021 /PRNewswire/ 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