Rumble, the full-body strength and conditioning boxing concept, has been acquired by Xponential Fitness, the operator of several franchised boutique fitness brands like Pure Barre, Club Pilates, and CycleBar. Terms of the transaction were not disclosed. “We are thrilled to announce our deal with Xponential,” said Andy Stenzler, Cofounder of Rumble. “They are certainly the premier franchisor in our industry and thus the perfect partner to bring the Rumble experience across the globe.”
We are thrilled to announce our deal with Xponential. They are certainly the premier franchisor in our industry and thus the perfect partner to bring the Rumble experience across the globe. – Andy Stenzler
Founded in 2017, Noah Neiman, Eugene Remm, Stenzler, and Anthony DiMarco, Rumble had raised a total $31M in reported equity funding. Investors in the company include Great Oaks Venture Capital, Laconia Ventures, Irving Investors, Hertz Lichtenstein & Young, memBrain, and &vest.
“With its premium, world-class boxing experience, cutting-edge virtual workout platform, and celebrity reach, Rumble is a fantastic fit for our robust lineup of industry leaders across boutique fitness,” said Anthony Geisler, CEO of Xponential Fitness. “By adding Rumble to the Xponential portfolio, we’re opening up another core modality for our members to help them reach their health and fitness goals within our family of brands, as well as creating opportunity for entrepreneurs to bring this engaging workout to their market.”
With its premium, world-class boxing experience, cutting-edge virtual workout platform, and celebrity reach, Rumble is a fantastic fit for our robust lineup of industry leaders across boutique fitness. By adding Rumble to the Xponential portfolio, we’re opening up another core modality for our members to help them reach their health and fitness goals within our family of brands, as well as creating opportunity for entrepreneurs to bring this engaging workout to their market. – Anthony Geisler
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Source: https://www.alleywatch.com/2021/03/rumble-boxing-acquired-xponential-fitness-franchise/
