Principals of Bridgepoint Investment Banking acted as the sole sell-side financial advisor to Prairie Life Fitness, LLC  on their sale to The Athletic Club, partner of TruFit Athletic Clubs, which has 35 clubs throughout Colorado and Texas. Prairie Life is one of the Midwest’s leading operators of upscale health and fitness clubs. 

Prairie Life was founded in 1985 in Lincoln and later expanded to Omaha; Des Moines, Iowa; Olathe, Kansas; Overland Park, Kansas; and Franklin, Tennessee.

The real estate of six Prairie Life fitness clubs were sold to and financed in a sale-leaseback structure by a publicly traded real estate investment trust (REIT) that specializes in middle market real estate capital and net lease solutions.

“Bridgepoint showed great determination and perseverance with a disciplined process to ensure we got a great deal with the right partner,” said Dean Rasmussen, CEO of Prairie Life. “It was important for us to continue to provide a quality family-oriented fitness center to the communities we’ve served for over three decades.”

– Bridgeport