Castanea Partners invests in West Coast Fitness
Castanea Partners has invested in West Coast Fitness LLC. Financial terms weren’t announced. Founders Paul Marcus and Brendon Ayanbadejo will remain shareholders and will continue to lead the business. West Coast Fitness is a franchisee and area representative of Orangetheory® Fitness that operates ten Orangetheory studios and oversees an additional seventeen studios owned by other franchisees in Los Angeles and San Francisco’s South Bay area. Latham & Watkins served as legal counsel to Castanea. Davis Wright Tremaine acted as legal counsel and Piper Jaffray & Co served as financial adviser to West Coast Fitness.
10 September 2018•3 mins read
