The Dallas-based locker and performance-flooring manufacturer, which serves top brands like Crunch, EoS and 24 Hour Fitness, will look to scale capacity as operators upgrade facilities nationwide
Grid, a top manufacturer of lockers and flooring for fitness, academic and wellness facilities including some of the world’s top gym brands, has received a major investment from New York-based private equity firm Topspin Consumer Partners.
While the financial terms of the deal were not disclosed, the investment boosts Grid’s ability to provide high-quality laminate and phenolic lockers, and performance-flooring solutions,
Dallas-based Grid already partners with operators including Crunch Fitness, EoS Fitness, 24 Hour Fitness and many others, as well as YMCA, college and K-12 athletic programs, country clubs, spas, healthcare facilities and workplaces, supporting over 1,000 clubs each year.
“As demand for health and wellness facilities continues to grow and operators invest in upgrading their spaces and building new ones, Grid is exceptionally well-positioned to lead the market with its U.S.-manufactured solutions,” said Topspin partner Stephen Parks.
Grid is known for its vertically integrated, “one-stop-shop” model that provides branded, site-specific solutions through exclusive and preferred vendor agreements. With the financial support from Topspin, the brand will be able to enhance its product offerings and continue to expand to more operators and locations.
“The investment allows us to scale what we’ve already proven works,” said Grid founder and CEO Drew White.
“Demand for modern fitness and athletic spaces continues to grow, and operators are investing heavily in upgrading their environments,” White added. “Our focus is on expanding our U.S. manufacturing capacity, strengthening our national installation network, and continuing to serve as the turnkey infrastructure partner for leading brands across fitness, recreation and athletics.”
White added that the company is planning to put the investment toward systems and hiring to build out its operational capacity, especially as more brands look to elevate and upgrade the fitness experience..
“Consumers expect higher-quality environments, and operators are responding. A locker room or a gym floor used to be an afterthought,” he said. “Now it’s a part of the brand. We believe the physical space has become a core part of the brand experience. Our goal is to define the next generation of locker room and performance-flooring standards in the U.S.”
