Empire Portfolio Group Adds 11 Orangetheory Fitness Studios in Virginia and D.C.

Empire Portfolio Group has acquired 11 Orangetheory Fitness studios, plus development rights, in northern Virginia and Washington, D.C. Empire’s portfolio now includes more than 120 studios across nine states and Washington, D.C. The sellers include Alan Luchnick and Steve Kolakowski, who were represented by Farlie Turner & Co. as financial advisor and J2advisors as legal counsel

This marks Empire’s fourth acquisition since it began its partnership with Revelstoke Capital Partners in December 2020. The partnership gives Empire the ability to develop new facilities in the area and oversee current franchisees. It also aims to expand career opportunities at the studios to current and future staff.

“Empire’s pace of growth in the first year of our partnership aligns with our strategy and builds upon the Empire legacy with the goal of building the premier Orangetheory franchisee in the system,” said Simon Bachleda, Co-Founder and Managing Partner of Revelstoke.