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Brunswick Group represents Berkshire Partners, which is teaming with former Datalogix CEO Eric Roza, to buy the PR-tainted Crossfit fitness platform.
Crossfit CEO/owner Greg Glassman resigned in June following comments he made on Twitter and Zoom about the murder of George Floyd.
The New York Times reported June 20 about allegations that Glassman fostered a toxic sexist culture at Crossfit, which has 14K affiliated gyms in more than 150 countries.
Berkshire, a Boston-area investment firm, says it's thrilled to partner with Rosa, owner of a Crossfit gym in Boulder, CO, as the company begins a new chapter.
“The women and men who are part of this vibrant and passionate community are deeply committed to this sport and we recognize the transformative role it has played in so many people’s lives,” said Marni Payne, managing partner at Berkshire.
Berkshire has invested in Kendra Scott Design (fashion accessories), Carter’s (baby apparel), Portillo’s (Chicago restaurant chain), Bare Escentuals (cosmetics) and Aritzia (fashion retailer).
The Blueshirt Group handles Lime as the San Francisco-based electric bike/scooter company has filed paperwork for an initial public offering, which will have an expected valuation in the $2B range.
Why CEOs need their CFOs and CCOs on the same page.
ICR handles Rare Earths Americas as the Manchester, Georgia-based company plans an initial public offering valued in the $370M range.
DGA Group handles takeover target Intertek as the London-based quality assurance testing company as it launches a strategic review of its operations.
