Xponential Fitness Launches Strategic Review
Krissy Vann | Host, All Things Fitness and Wellness
Xponential Fitness has announced that its Board of Directors has initiated a review of strategic alternatives.
According to the company, the review will be led by its independent directors and will evaluate a range of potential options, including a sale of the company, a merger, or other strategic or financial transactions. Jefferies LLC has been engaged as financial advisor to support the process.
The company stated that no decisions have been made and did not provide a timeline for completion of the review.
Independent directors Rachel Lee and Lily Yang said the Board is focused on maximizing shareholder value through a disciplined evaluation of available opportunities.
CEO Mike Nuzzo said the company will continue executing its current strategy during the review process, citing its portfolio of boutique fitness brands and franchise model.
Separately, Xponential announced changes to its Board of Directors. Nicole Parent Haughey has been appointed as an independent director. She brings experience across strategy, mergers and acquisitions, and capital allocation, with prior roles in corporate strategy, institutional research, and operating leadership.
Jair Clarke, Chelsea A. Grayson, and Bruce Haase have stepped down from the Board.
