Private equity firm acquires Fit Fuel
This article was originally published in The Tan Sheet
Las Vegas-based private equity firm Arthur Patrick Partners announces Jan. 25 it has signed an agreement to acquire the majority stake in Fit Fuel, a retailer of "healthy vending machines" and marketer of two lines of dietary supplements. The acquisition amount is undisclosed. Fit Fuel's founders are to maintain their positions, according to the equity firm's release. "Fit Fuel fits into our investment strategy because the company has bridged the gap between health, technology and media," said Arthur Patrick Managing Partner Ashton Swimmer. "We believe that we can provide tangible, measurable results within a short time due to synergies that exist with our other holdings," he says...
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