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Riser Fitness has signed the largest development agreement in Xponential Fitness history, committing to open 127 new Club Pilates studios across six states over the next five years.
The deal expands the brand's footprint in California, Idaho, Minnesota, Nevada, Oregon, and Washington, where Riser Fitness has secured the remaining available territories.
Established in 2013 and funded by more than $140 million in growth capital from funds managed by affiliates of Fortress Investment Group, Riser Fitness operates more than 110 open studios across eight states with a growing international presence, including a master franchise agreement in Mexico City and plans for Australia.
"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 Jeffrey Nash, Co-CEO of Riser Fitness. "We look forward to growing Club Pilates even more in states where we are already seeing great success and bringing Club Pilates to a global audience."
With this agreement, Riser Fitness, led by Nash and Ed Lombardi, will hold more than 340 licenses globally, further solidifying its position as Xponential Fitness' largest franchisee by total licenses.
"Riser Fitness has been an exceptional franchisee group and operator for Club Pilates and Xponential Fitness, bringing Pilates to so many communities that can benefit from the practice, and contributing to the brand's place as a leader in the booming Pilates industry," said Mike Nuzzo, CEO of Xponential Fitness. "We are thrilled that Riser Fitness will continue to grow Club Pilates' presence with this exciting deal, which is the largest in Xponential's history."