The American Pacific Group, a private equity firm based in the San Francisco Bay Area, recently made a huge investment in local startups Gym Launch and Prestige Labs.
The exact terms of the investment were not disclosed, but it is likely that APG’s contribution resulted in a significant amount of capital for both companies.
The company is working to help people get after their goals, whether that’s losing weight, gaining muscle or something else entirely. And instead of just selling workout equipment, it’s also working on a digital platform that can give you personalized training and workout recommendations.
For Prestige Labs, American Pacific’s investment is a huge win. . The company says it will use its new funding to add staff and expand its product line.
“This is an exciting moment in our Company’s history,” said Alex Hormozi, founder of Gym Launch and Prestige Labs.
Alex Hormozi Reacts
“We are proud to have built a company that makes such a big impact on gym owners and their communities. We feel like we have just scratched the surface of the value we can provide, and the time is right to bring on a partner who can help us accelerate our growth.
American Pacific Group has demonstrated they have the experience and resources to help us foundationally transform the gym industry as a whole and become the company we envision.”
Alex Hormozi’s net worth and gym launches market valuation has increased by a huge amount because of this investment.
“Gym Launch has excelled in providing its clients comprehensive, value-added training resulting in outstanding value and return on investment for its clients,” said Fraser Preston, founder, and Managing Partner at APG.
“We are impressed with what Prestige Labs has achieved in the last few years with its high-quality line of supplements. We look forward to working with the team to continue the strong growth trajectory of Gym Launch and Prestige Labs.”
American Pacific Group (APG) is a private equity group that has $450 million of capital available to invest in the United States.
APG invests in medium-sized companies with enterprise values typically ranging from $50 million to $500 million, regardless of industry or geography. APG’s goal is long-term, sustainable growth, and value creation.