Episode
Eric Bormel - Good Deals Are Quiet: Demystifying M&A for Fitness Founders
- Podcast
- Future of Fitness
- Published
- Jun 28, 2026
- Duration seconds
- 2727
- Processing state
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Summary
Eric Malzone sits down with Eric Bormel, Managing Director at Solomon Partners, for a deep dive into mergers and acquisitions in the fitness and wellness industry — breaking down exactly what it takes for a fitness brand, gym, or health tech company to get acquired, what drives valuation beyond revenue, and how founders can pick the right buyer instead of just the highest bidder. Using the recent Rouvy-to-Zwift acquisition as a real-world case study, Bormel pulls back the curtain on the M&A process from first meeting to closing the deal, explains why connected fitness companies like Peloton are finally stabilizing after the post-pandemic crash, and shares why consumer subscription brands like Strava and Zwift — along with wearables like Whoop and Oura — are currently the hottest categories for investors in the fitness tech space. The conversation also tackles AI's growing role in personalized health, wearables, and gym operations, plus the widening gap between CEO confidence and consumer sentiment in today's economy. Whether you're a gym owner, fitness entrepreneur, or just curious about fitness industry trends and investment activity, this episode is a crash course in fitness M&A, business valuation, and where smart money is heading next in health and wellness. Episode Takeaways: 💰 M&A 101 — the difference between intrinsic value (cash flow) and extrinsic value (revenue/EBITDA multiples) when valuing a fitness business 🤝 Picking the Right Buyer — why trust matters more than the highest offer, and how to find a buyer aligned with your goals 📈 Inside the Ruby-Zwift Deal — a real case study breaking down how a major fitness tech acquisition actually comes together ⏳ The M&A Timeline — why a typical deal takes 6 months (and sometimes years of relationship-…