Nautilus Shopping Octane Fitness
NLS plans to divest its commercial fitness business to focus entirely on the home exercise equipment market, and has hired investment banker, William Blair, to find a buyer. It acquired Octane in early 2016 for $115 million to broaden its range to commercial equipment and higher-end home elliptical machines. After a strong start under Nautilus ownership, Octane’s growth leveled out, and it has ... Log in to view full article.