Amynta Group Acquires iFIT Well being & Health and fitness Prolonged Warranty Operations3 min read
NEW YORK and LOGAN, Utah, Sept. 13, 2022 /PRNewswire/ — AmyntaGroup, a top insurance solutions supplier, has acquired the prolonged warranty operations of iFIT Overall health & Health Inc., operated as a result of its wholly owned subsidiary, Universal Complex Products and services (UTS).
iFIT is the industry’s premier at-house conditioning machines company, whose tools makes consist of NordicTrack, ProForm, Weider and FreeMotion. UTS is the unique distributor and administrator of branded prolonged warranty and routine maintenance programs for all iFIT health tools manufacturers in the U.S. and global markets. As component of the transaction, Amynta has entered into a extensive-time period strategic partnership with iFIT to supply a full-provider platform of extended guarantee security and maintenance plans for all iFIT exercise equipment. UTS is primarily based in Logan, Utah and will work underneath the ongoing management of Nick Palmer, Vice President of UTS, and Greg Lindsay, Director of UTS.
“I am thrilled to welcome Nick, Greg and the UTS staff to Amynta,” said Tim Mrotek, President of International Purchaser Guarantee at Amynta. “This transaction expands our presence into the health and fitness space as a result of a effectively-recognized working platform serving iconic conditioning brands. UTS delivers expertise and scale to the fitness group, complementing our choices and aligning with our tactic of developing and rising our place in eye-catching customer close marketplaces.”
“I’m thrilled to announce the sale of our prolonged warranty operations and our strategic partnership with Amynta,” explained Dale Gerard, Main Monetary Officer of iFIT. “Amynta brings best-in-course warranty answers that will increase the iFIT member experience all through our line of conditioning merchandise. This partnership will let iFIT to emphasis on establishing our most effective-in-course physical fitness technology, member articles and products, while strengthening our extended warranty solutions for NordicTrack, ProForm, FreeMotion and iFIT customers throughout the world. We glimpse ahead to operating with Amynta to assist our users for a long time to appear.”
Truist Securities, Inc. served as financial advisor, and Kirkland & Ellis LLP acted as authorized counsel to iFIT.
Amynta Team is a premier coverage solutions company with more than $3.5 billion in managed premium and 2,000 associates throughout North The usa, Europe, and Australia. An unbiased, customer-centered and underwriting-targeted organization, Amynta serves leading carriers, wholesalers, retail businesses, automobile dealers, OEMs, and consumer solution vendors with ground breaking coverage and guarantee security alternatives. Amynta operates as a result of a few segments: Controlling Normal Companies Guarantee, like automotive, shopper and specialty devices and Specialty Risk Products and services. For extra details, you should pay a visit to amyntagroup.com.
iFIT® is a world wide health and very well-being membership technology organization that offers unmatched health experiences and answers to its expanding neighborhood of around 7.7 million customers in above 120 countries. iFIT’s business-primary brand names – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are run by the iFIT integrated overall health and conditioning platform, which seamlessly connects the company’s proprietary computer software, experiential content material and interactive components. Dependent in Logan, Utah, with workplaces in Paris, Shanghai, Sydney and Leeds, the firm delivers immersive, adaptive, customized training encounters for every conditioning level and interest. iFIT provides these patented interactive encounters by an substantial presenting of live and on-demand from customers material across the industry’s broadest assortment of connected fitness modalities. iFIT is a chief and pioneer in the wellness and nicely-staying industry with far more than 400 issued and pending patents. For far more information and facts, remember to check out ifit.com.
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Resource The Amynta Group