Golub Capital Provides $120 Million One-Loan Debt Facility to Support the Refinancing of EOS Fitness by Bruckmann, Rosser, Sherrill & Co.
NEW YORK, Jan. 7, 2019 /PRNewswire/ — Golub Capital recently announced that, as Administrative Agent, it provided a $120 million GOLD facility to support the refinancing of EōS Fitness (“EōS” or the “Company”) by Bruckmann, Rosser, Sherrill & Co. (“BRS”). GOLD financings are Golub Capital One-Loan Debt facilities.
EōS Fitness is a leader in the fitness industry with their High Value Low Price (HVLP®) gyms, which combines the pricing of a low cost gym with a full suite of amenities including personal training, group fitness, cycling studios, swimming pools, turf functional training areas, full locker rooms and Kids’ Clubs. Currently, the Company operates 30 locations in Phoenix, Las Vegas and Southern California.
The financing from Golub Capital will be used to expand EōS’s footprint and open more gyms throughout the US, bringing affordable fitness to more Americans.
“BRS has a longstanding track record of identifying companies in the retail space which offer consumers high value,” said Greg Cashman, Senior Managing Director at Golub Capital. “We have a strong relationship with the BRS team, having financed several prior consumer retail investments, and were able to provide a flexible financing solution to help EōS grow.”
“Golub Capital’s expertise in the fitness and retail sectors, combined with the flexibility and scalability of the GOLD financing, gave us a lot of confidence about being able to achieve our growth goals,” said Rashad Rahman, Managing Director at BRS. “We look forward to continuing our partnership with the Golub team.”
About Golub Capital Middle Market Lending
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $600 million and is an arranger of credit facilities up to $1 billion. Golub Capital’s award-winning team specializes in delivering reliable, creative and compelling financing solutions to U.S. middle market companies backed by private equity sponsors.
Golub Capital is a market-leading, award-winning private debt platform with over $25 billion of capital under management. The Middle Market Lending team has particular domain expertise in select industries, including software, technology services, healthcare, consumer and restaurant and retail. The firm’s credit expertise also forms the foundation of its Late Stage Lending business and its Broadly Syndicated Loan investment program. Across its activities, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from its private equity sponsor clients and investors. Founded in 1994, Golub Capital today has over 350 employees and lending offices in Chicago, New York and San Francisco. For more information, please visit golubcapital.com.
About Bruckmann, Rosser, Sherrill & Co.
BRS is a New York based private equity firm with $1.6 billion of committed capital under management in four investment partnerships, focused on investing in middle market consumer goods and services businesses. Since 1996, BRS has purchased over 50 portfolio companies for aggregate consideration of over $6.9 billion. In addition, BRS portfolio companies have completed over 40 add-on acquisitions. For more information, please visit https://www.brs.com/.
About EOS Fitness
EōS Fitness is a rapidly growing high value low price (HVLP®) fitness gym chain operating 30 locations in Arizona, Las Vegas and Southern California. EōS’s model is a disruptive force within the fitness club industry providing serious fitness for everyone, offering an unmatched array of amenities starting at just $9.99 per month. Visit eosfitness.com to learn more.
SOURCE Golub Capital