NEW YORK and LOGAN, Utah, Sept. 13, 2022 /PRNewswire/ — AmyntaGroup, a leading insurance policies companies service provider, has acquired the prolonged guarantee functions of iFIT Well being & Physical fitness Inc., operated by means of its wholly owned subsidiary, Universal Technological Providers (UTS).
iFIT is the industry’s major at-house health machines corporation, whose products brand names include NordicTrack, ProForm, Weider and FreeMotion. UTS is the exceptional distributor and administrator of branded extended warranty and maintenance options for all iFIT conditioning machines manufacturers in the U.S. and global marketplaces. As portion of the transaction, Amynta has entered into a very long-phrase strategic partnership with iFIT to supply a complete-services system of extended warranty safety and maintenance strategies for all iFIT health and fitness devices. UTS is dependent in Logan, Utah and will function below the ongoing management of Nick Palmer, Vice President of UTS, and Greg Lindsay, Director of UTS.
“I am fired up to welcome Nick, Greg and the UTS workforce to Amynta,” reported Tim Mrotek, President of World wide Buyer Guarantee at Amynta. “This transaction expands our presence into the fitness house through a effectively-founded working platform serving iconic health manufacturers. UTS provides skills and scale to the health category, complementing our offerings and aligning with our approach of making and rising our position in interesting client end markets.”
“I’m thrilled to announce the sale of our prolonged warranty operations and our strategic partnership with Amynta,” said Dale Gerard, Main Monetary Officer of iFIT. “Amynta provides best-in-class guarantee options that will increase the iFIT member expertise during our line of health products. This partnership will allow for iFIT to aim on creating our most effective-in-course health engineering, member content material and products, even though strengthening our prolonged warranty solutions for NordicTrack, ProForm, FreeMotion and iFIT associates around the globe. We glimpse forward to operating with Amynta to guidance our associates for years to occur.”
Truist Securities, Inc. served as money advisor, and Kirkland & Ellis LLP acted as lawful counsel to iFIT.
About Amynta
Amynta Group is a premier insurance coverage solutions organization with more than $3.5 billion in managed high quality and 2,000 associates throughout North The usa, Europe, and Australia. An unbiased, buyer-centered and underwriting-centered organization, Amynta serves top carriers, wholesalers, retail businesses, automobile dealers, OEMs, and shopper product or service retailers with ground breaking insurance and guarantee safety remedies. Amynta operates as a result of a few segments: Controlling Typical Organizations Warranty, like automotive, customer and specialty machines and Specialty Threat Products and services. For more info, make sure you check out amyntagroup.com.
About iFIT
iFIT® is a international health and fitness and effectively-getting membership engineering corporation that delivers unmatched physical fitness encounters and remedies to its escalating neighborhood of about 7.7 million customers in in excess of 120 nations. iFIT’s market-foremost models – NordicTrack®, ProForm®, Sweat®, Freemotion®, Weider® and 29029® – are powered by the iFIT built-in health and fitness system, which seamlessly connects the firm’s proprietary computer software, experiential content and interactive hardware. Based mostly in Logan, Utah, with offices in Paris, Shanghai, Sydney and Leeds, the company delivers immersive, adaptive, personalised workout activities for every conditioning amount and fascination. iFIT delivers these patented interactive ordeals as a result of an substantial presenting of dwell and on-need written content across the industry’s broadest range of linked health and fitness modalities. iFIT is a chief and pioneer in the health and nicely-remaining marketplace with additional than 400 issued and pending patents. For far more facts, remember to visit ifit.com.
Amynta Media Speak to:
Brenna Tetley
Phone: 646.887.9498
E mail: [email protected]
Amynta Mergers & Acquisitions Get hold of:
Chris Ezbiansky
Phone: 646.207.9674
E mail: [email protected]
iFIT Media Make contact with:
Colleen Logan
E mail: [email protected]
Resource The Amynta Group
