Xponential Partners with Riser Fitness to Open 127 Club Pilates Studios

Xponential Fitness Inc. signed a multi-unit agreement on Monday with franchisee group Riser Fitness to open 127 Club Pilates studios in six states over the next five years.   

Irvine-based Xponential said this was the largest deal in the company’s history.  

Riser Fitness, founded in 2013 and funded by more than $140 million in growth capital, already operates more than 110 open studios across eight states. With more than 340 licenses held that include additional developments in Mexico and Australia, Riser is currently Xponential’s largest franchisee.  

Club Pilates is also the largest brand in Xponential’s portfolio with over 1,400 open studios. 

“As Pilates continues to boom, Riser Fitness’ trajectory has been unmatched thanks to our team’s operational excellence, Xponential and Club Pilates’ playbook, and Fortress’ support,” said Riser co-Chief Executive Jeffrey Nash.   

Shares on Tuesday were down 3.8% to $6.89 apiece during midday trading with a market cap of $351 million (NYSE: XPOF).