Riser Fitness October 2024 Private Equity Funding Round

Riser Fitness, LLC, a major operator of Club Pilates studios, has secured a $72 million growth capital commitment from Fortress Investment Group. This structured financing aims to expand Riser Fitness's presence by constructing new studios and acquiring existing ones. The company operates over 60 locations in the western U.S., with 100 more in development. Mike Gray, Riser's President and COO, emphasized that the funding would accelerate their growth domestically and internationally. Fortress's commitment highlights confidence in Riser's future, reinforcing its position in the boutique fitness sector.