Nautilus commercial division assets to be purchased by Med-Fit Systems
Dean Sbragia, the president and CEO of Med-Fit Systems, has announced that agreements have been reached to purchase Nautilus’ commercial company assets.
Med-Fit Acquires SportKAT LLC
INDEPENDENCE, VA—Med-Fit Systems, Inc., manufacturer of the Nautilus commercial products, announced today that an agreement has been reached to purchase substantially all of the assets of SportKAT LLC early next month. The move will expand its employment level and offer a ...read more
Med-Fit Systems puts Nautilus commercial fitness business up for sale
Med-Fit Systems, owner of Nautilus commercial fitness equipment, is putting the assets up for sale after four years of ownership. Nautilus commercial is separate from the home fitness side of the brand, which is separately run by Nautilus Inc. Med-Fit purchased the commercial ...read more
Nautilus Announces Entry into Agreements for Sale of a Portion of Commercial Assets
VANCOUVER, Wash.-- Fitness company Nautilus, Inc. (NYSE: NLS), (the “Company”) announces today that it has entered into definitive agreements for the sale of certain assets of its commercial business to Fit Dragon International Ltd. The agreements provide for the sale of certain ...read more
Med-Fit acquires ‘iconic’ Nautilus commercial assets, to expand dealer network
Med-Fit Systems, a specialist in physical therapy and long-term care equipment, has acquired the remaining commercial assets of Nautilus and plans to expand the dealer network, introduce new equipment, and keep most strength manufacturing in Virginia. The deal, which was ...read more
Med-Fit Systems Announces Letter of Intent to Purchase SportKAT, LLC
Med-Fit Systems, Inc., manufacturer of Nautilus® commercial products has announced an agreement to purchase substantially all of the SportKAT Company's assets.“Purchasing of the SportKAT Company provides us with a platform to fulfill our mission statement- providing products ...read more
Fit Dragon Inc. announces signing agreements with Nautilus Inc.
The transaction consists of separate terms and conditions for each brand. With respect to Schwinn(R), Fit Dragon is acquiring a license for the indoor cycling products for the Schwinn(R) Fitness brand for use in the commercial channel. The license will include complete rights to ...read more
Industry Veteran Mike Herlihy Joins Med-Fit Systems Team
Med-Fit Systems, Inc., manufacturer of Nautilus® commercial products, announced today that they have hired industry veteran, Mike Herlihy for the role of Government Sales Manager.Herlihy has been in the industry for 20 years and has worked for manufacturers, such as Precor Inc., ...read more
Med-Fit Systems, Inc. Forms Strategic Capital Partnership
Independence, VA—Med-Fit Systems, Inc., manufacturer of Nautilus® commercial products, announced today that they have partnered with First Nations Capital Partners, a southern California investment fund. “The partnership with FNCP will facilitate our aggressive growth plans ...read more
SportsArt Fitness Announces Promotions in Commercial Sales Division
Woodinville, WA (February 12, 2007) SportsArt Fitness, a leader in the design, development and manufacture of premium quality commercial and residential exercise equipment, is pleased to announce a number of management changes within their commercial sales division. Effective ...read more