Workout Anytime Ushers in New Leadership with Jerry Pugh
Company - People | Apr 11, 2025 | EIN
Workout Anytime has appointed Jerry Pugh as its new owner and Chief Executive Officer, marking a significant leadership transition for the fitness franchise. Pugh, who was the brand's largest franchisee, brings a wealth of experience and a decade-long connection with the company. He emphasizes the potential for growth and aims to enhance member experiences alongside exploring new opportunities. The company's mission is to empower franchisees and provide high-quality fitness experiences. The leadership transition is backed by strategic financial support from Skyline Global Partners and Peninsula Capital Partners, both known for their expertise in middle-market transactions. The transition is also managed by Private Capital Advisors under the direction of Peter Stipher. This change ushers in a new chapter for Workout Anytime as it seeks to expand its national presence and further its mission to make fitness accessible nationwide.
Sectors
- Fitness & Health
- Private Equity
Geography
- United States – Workout Anytime is expanding its presence across the United States and the involved parties, such as Skyline Global Partners, are U.S.-based.
- Canada – Skyline Global Partners also specializes in investments across Canada.
Industry
- Fitness & Health – The article is centered around Workout Anytime, a fitness franchise, focused on making high-quality fitness available to everyone.
- Private Equity – Skyline Global Partners and Peninsula Capital Partners are involved as financial backers in the leadership transition.
Financials
- Unknown – Financial terms of the leadership transition backed by Skyline Global Partners and Peninsula Capital Partners were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Workout Anytime | Target Company | Company | A fitness franchise that makes high-quality fitness accessible to all. |
| Jerry Pugh | CEO | Person | Newly appointed owner and CEO of Workout Anytime and its largest former franchisee. |
| Skyline Global Partners | Financial Backer | Company | A Chicago-based private equity firm offering financial backing for the leadership transition. |
| Peninsula Capital Partners | Financial Backer | Company | A Detroit-based firm providing structured junior capital solutions. |
| Private Capital Advisors | M&A Advisor | Company | Responsible for managing the M&A process of the leadership transition. |
| Peter Stipher | Advisor | Person | Led the Mergers & Acquisitions process at Private Capital Advisors for Workout Anytime's transition. |