Inkwell acquires majority stake in Title Boxing Club franchisee Masetak

The Inkwell Group has acquired a majority stake in Masetak, a Title Boxing Club franchisee. No financial terms were disclosed. Title Boxing Club is a health club franchise. Lape, Mansfield, Nakasian & Gibson LLC provided legal advice to The Inkwell Group on the deal.

PRESS RELEASE

Washington D.C. — November 19, 2018 — The Inkwell Group, a leading private equity firm, today announced that it has acquired a majority interest in Masetak, LLC (“Masetak” or the “Company”), one of the premier Title Boxing Club franchisees with several club locations across the Mid Atlantic.

In conjunction Inkwell has created Inkwell Fitness Holdings LLC to facilitate the acquisition from Masetak’s co‐founders, including owners Kate Carski and Sam Heaps.

Masetak was founded in 2012 in Virginia with the establishment of one club in the Northern Virginia market. Since then, the Company has grown throughout Virginia and New Jersey with multiple locations. Masetak has been recognized as the Title Boxing Club system Franchisee of the Year in 2018.

Title Boxing Club, one of the fastest‐growing health club franchises in the country, is known for providing a high‐quality, group fitness, boxing experience in a welcoming, non‐intimidating environment. As of October 31, 2018, Title Boxing Club had approximately 46 thousand members and more than 185 stores in 50 states, the District of Columbia, the Dominican Republic and Mexico.

“Kate and Sam have done a remarkable job building Masetak into one of the premier franchisees in the Title Boxing Club system and have assembled an impressive management team and staff to support the continued growth of the platform,” said Marques Martin, Partner at The Inkwell Group.

“We are excited to work with the management team through the next phase of the Company’s development, and believe that Inkwell Fitness Holdings and the broader Title Boxing Club system will continue to benefit from secular trends around health and wellness, a key investment theme at the Inkwell Group.”

“We look forward to working with The Inkwell Group, whose success in collaborating with founders and entrepreneurs makes them an ideal partner to execute our shared vision,” said Ms. Carski. “We are excited to work alongside Inkwell as they drive continued growth by both investing in our current clubs and expanding the footprint in new and existing markets.”

Lape, Mansfield, Nakasian & Gibson LLC provided legal advice to The Inkwell Group.

About Title Boxing Club
Founded in 2008, Title Boxing Club specializes in boxing and kickboxing fitness classes. The 100‐pound heavy bags that hang in each club take a beating during the brand’s signature Power Hour workout, which is focused on group boxing and kickboxing exercises. As of October 31, 2018, Title Boxing Club operates more than 185 stores in 50 states, the District of Columbia, the Dominican Republic and Mexico.

About The Inkwell Group
Headquartered in Washington DC, The Inkwell Group is a private equity firm specializing in control investments of proven lower middle market companies. The firm focuses on enhancing company performance, management teams and boards through operational expertise and diversity of thought, leadership and background. The Inkwell Group leverages its industry experience and partnerships to create value and capture significant growth opportunities.