Wahoo Fitness Founder Buys Company Back from Banks

May 17, 2023

Wahoo’s business was doing well pre-pandemic, and then as the pandemic set in, their business exploded with sales. Like most indoor training companies, they couldn’t make stuff fast enough. Though, prices didn’t rise – they stayed as-is. Enter Rhone Equity in June 2021, with an agreement to take a majority ownership stake in Wahoo Fitness. As part of that, Wahoo Fitness as a business took on quite a bit of debt – a loan of $225m. That year Wahoo reported revenues of just under $500m (fiscal year 2021). DC Rainmaker