Lometa Capital Partners Acquires National Gym Supply

Los Angeles, CA., March 6, 2023 – Lometa Capital Partners (“Lometa”), a multi-family office focused on majority investments in lower middle market companies, in partnership with management and the Company’s junior debt provider, has acquired National Gym Supply, LLC (“NGS” or the “Company”). Headquartered in Los Angeles, CA, NGS is a leading supplier of OEM and direct-sourced replacement parts for fitness equipment in health clubs and fitness centers around the world. The Company also offers valueadd electronics repair and parts exchange services and builds custom strength equipment cables for its customers. NGS operates as a one-stop-shop for its customers’ aftermarket and after-warranty repair parts needs, offering a comprehensive and turn-key system for maintaining a diverse portfolio of commercial fitness equipment models that need to have aesthetic appeal and practical functionality at all times.

“We are honored that NGS chose Lometa as their partner to help accelerate and execute on its growth strategy to become the leading aftermarket repair parts distributor to the fitness industry in the United States,” said Jon Webster, President of NGS. “We are excited to partner with the founders, Jon Webster and Rob Jacobs, and appreciate the trust they have put in Lometa to be the right partner to build on the great foundation they have developed at NGS,” noted Vince Smith, Partner at Lometa.

The Company’s founders will stay in their current roles, with Jon Webster continuing to lead the business as President and Rob Jacobs participating on NGS’s Board of Directors. Lometa was supported in its acquisition of NGS with a senior debt facility provided by Sunflower Bank and a junior debt and equity investment from Aldine Capital Partners.

Acquisition Details
On February 27, 2023, Lometa Capital Fund LP, in partnership with management, Aldine Capital Partners, and certain outside investors, acquired the majority stake in NGS from Jon Webster and Rob Jacobs, the Company’s original founders. Jon and Rob will maintain a significant minority equity stake in the Company, with Jon remaining in his current role as President and Rob providing Board-level advisory. The acquisition is an ideal fit with Lometa’s strategy of investing in niche companies with differentiated products or service offerings, leading market shares, significant growth opportunities, and outstanding management teams. To learn more about NGS, please visit
www.gympart.com.

For more information, please contact:
Vince Smith
Partner
vince@lometacapital.com