Echelon Fitness Multimedia, LLC
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Echelon Fitness Multimedia, LLC - overview
Established
2017
Location
Chattanooga, TN, US
Primary Industry
Consumer Products
About
Echelon Fitness Multimedia, LLC is a US-based company specializing in high-quality home fitness equipment and services, offering innovative products for diverse fitness levels and experiences. Founded in 2017 in Chattanooga, US, Echelon Fitness Multimedia, LLC provides advanced fitness solutions, including a range of exercise machines and interactive fitness products. The company has received USD 65 mn in funding from Goldman Sachs Merchant Banking Division and North Castle Partners in December 2020. CEO Lou Lentine leads the company, focusing on enhancing consumer engagement in fitness through technology.
Echelon aims to expand its product offerings and reach a broader consumer base as part of its growth strategy. Echelon is a prominent provider of home fitness equipment and services, specializing in high-quality exercise machines such as treadmills, rowing machines, bikes, and fitness mirrors. Their core offerings include the Echelon Stride treadmill and the Reflect fitness mirror, both designed to enhance user experience through interactive workouts. The company targets fitness enthusiasts and casual users across various markets, including the United States, Canada, and select international regions, providing AI-driven workout plans and community-focused classes.
Echelon generates revenue primarily through direct-to-consumer sales of its fitness equipment and subscription services associated with its Echelon Fit app. Customers can purchase equipment outright or opt for a subscription model, which allows access to numerous live and on-demand fitness classes. The revenue stream is complemented by the sale of accessories and nutritional products, emphasizing both product and service dimensions in the competitive home fitness market. With the recent investment of USD 65 mn from Goldman Sachs Merchant Banking Division and North Castle Partners, Echelon Fitness Multimedia, LLC plans to expand its omnichannel and multi-product offerings.
The company aims to reach more retailers and consumers, enhancing its presence in existing markets while targeting new regions for expansion. Upcoming product launches are expected to further diversify their portfolio, although specific details on new products and release dates have yet to be disclosed.
Current Investors
North Castle Partners, Goldman Sachs Asset Management
Primary Industry
Consumer Products
Sub Industries
Recreational Hobbies & Sporting Goods, Fitness & Wellness Facilities
Website
www.echelonfit.com
Verticals
E-commerce, Manufacturing, Mobile Apps
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Echelon Fitness Multimedia, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | ELEVATE by Echelon | - | ||||||||
| Add-on | Completed | Echelon Coach | - | ||||||||
| Add-on | Completed | ThriveX | - | ||||||||
| Growth | Completed | Echelon Fitness Multimedia, LLC | - | ||||||||
| Growth | Completed | Echelon Fitness Multimedia, LLC | - |
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