TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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July 14, 2025
Source: Boathouse Capital
Boathouse Capital is pleased to announce the closing of its platform investment in Aligned Fitness. Boathouse Capital provided debt financing and an equity co-investment in support of Eagle Merchant Partners’ recapitalization of Aligned Fitness, a leading Southeast-based franchisee in the Club Pilates system.
Boathouse Capital joined with Everberg Capital and Western Alliance Bank to provide a $52 million credit facility. Proceeds from the facility were used by Aligned Fitness to fund the acquisition of two additional Club Pilates franchisees and to support future new studio development across the Southeast.
Aligned Fitness was founded in 2016 and is led by CEO Jon Smith, along with founders Joe and Kerry Ruggieri. Inclusive of the acquisitions, Aligned Fitness operates 34 studios across North Carolina, Georgia, and South Carolina making it one of the largest franchisees in the rapidly growing Club Pilates system.
Aligned Fitness marks Boathouse Capital’s fourth investment in a franchised business following its investments in KBP Foods (KFC franchisee), Fresh Dining Concepts (Auntie Anne’s franchisee), and RBJK Marketing (Jan Pro franchisee). Aligned Fitness represents Boathouse’s first investment in partnership with Eagle Merchant Partners and the 19th platform investment in Boathouse’s third fund.
The merger is the latest chapter in the value creation that Ducker Carlisle has achieved with the backing of Boathouse Capital, which has supported the expansion of the company’s consulting services portfolio to meet the evolving needs of clients and dealmakers around the world.
“Club Pilates is the marquee brand in the Pilates industry and Aligned Fitness has significantly expanded the Club Pilates footprint in the eastern US. Consumers are turning to more restorative fitness concepts and Club Pilates offers a consistent and high-quality experience for all ability levels and a supportive and welcoming community of instructors and members,” said Lorelei Gaus, Vice President at Boathouse Capital.
“We are excited to join with Eagle Merchant Partners on the Aligned Fitness transaction. Aligned Fitness fits well with Boathouse’s experience in franchised businesses. Further, Eagle Merchant Partners boasts a distinguished track record growing franchised businesses, fitness, and consumer brands. We look forward to working with them and the Aligned Fitness team to grow the company,” said Andrew Olsen, Partner at Boathouse Capital.
