Stride Fitness Franchising, Inc. acquired Studio Tread, Inc. from Xponential Fitness, Inc. for $0.3 million.
February 14, 2024
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Stride Fitness Franchising, Inc. entered into an asset purchase agreement to acquire Studio Tread, Inc. from Xponential Fitness, Inc. (NYSE:XPOF) on February 13, 2024. Xponential did not receive any consideration for the divestiture and will provide transition support to the new owner. The divestiture of STRIDE Fitness is not expected to materially impact revenue in 2024.
Stride Fitness Franchising, Inc. completed the acquisition of Studio Tread, Inc. from Xponential Fitness, Inc. (NYSE:XPOF) for $0.3 million on February 15, 2024. The cash payments of approximately $0.265 million payable over the next twelve months.
Xponential Fitness, Inc. is the global franchisor of boutique fitness brands. The Company operates a diversified platform of ten brands spanning across verticals, including pilates, indoor cycling, barre, stretching, rowing, dancing, boxing, running, functional training and yoga. The Company's portfolio of brands includes Club Pilates, a Pilates brand in the United States; CycleBar, the indoor cycling brand in the United States; StretchLab, a concept offering one-on-one and group stretching services; Row House, the franchised indoor rowing brand in the United States; AKT, a dance-based cardio workout combining toning, interval and circuit training; YogaSix, a yoga brand in the United States; Pure Barre, a total body workout that uses the ballet barre to perform small isometric movements; BFT, a functional training and strength-based program; Rumble, a boxing-inspired full-body workout, and Lindora, a provider of medically guided wellness and metabolic health solutions.
XPONENTIAL FITNESS, INC. 
