NEWS
MAS Capital Acquires 25 Retail Sites
Feb. 28, 2022
ATLANTA — MAS Capital LLC has closed on the acquisition of a portion of the gas station and convenience-store network in the Southeast formerly owned or controlled by Circle K Stores Inc. The acquisition includes 25 Circle K, Kangaroo Express or Flash Foods branded retail sites in Georgia, Tennessee and South Carolina.
The entire network is company operated. and MAS will convert the motor fuel offering to the Chevron brand.
The principals of Gas Express LLC (GX) and Synergy Capital Investments established MAS Capital in 2021 to facilitate the acquisition and smooth transition of the 25 retail sites from Circle K Stores to the newly formed company. Amin Chitalwala and Shams Nanji established GX in Atlanta in 2002. GX is the largest Circle K franchisee in the United States and a CITGO, ExxonMobil and ChevronTexaco branded wholesaler. GX currently operates approximately 135 locations in Georgia, Alabama, Arkansas, Louisiana, Tennessee and South Carolina.
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Fulgent Genetics Announces Acquisition of CSI Laboratories
August 9, 2021
TEMPLE CITY, Calif., August 09, 2021--(BUSINESS WIRE)--Fulgent Genetics, Inc. (NASDAQ: FLGT) ("Fulgent" or the "Company"), a technology-based genetic testing company focused on transforming patient care in oncology, infectious and rare diseases, and reproductive health, today announced that it has acquired CSI Laboratories ("CSI") to expand its presence in somatic molecular diagnostics and cancer testing.
CSI was founded in 1997 to provide a client- and patient-focused model of cancer diagnostic testing for pathologists, community hospitals, and their patients. CSI offers more than 400 unique tests with a focus on oncology and capabilities across flow cytometry, cytogenetic analysis, fluorescence in-situ hybridization ("FISH"), immunohistochemistry, and molecular genetics. CSI’s philosophy of providing expert diagnostic testing with speed, precision, and care, is highly complementary with Fulgent’s core value proposition of offering a broad menu of actionable diagnostic tests with quality results and rapid turnaround time.
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Fitness Holdings North America Completes Minority Recapitalization and Growth Financing
January 29, 2020
Greenwich, CT, Jan. 29, 2020 (GLOBE NEWSWIRE) -- GREENWICH, CT, Jan. 29, 2020 -- Fitness Holdings North America, LLC (“FHNA” or the “Company”), one of the largest independent Crunch Fitness (“Crunch”) franchisees, announced today that it has completed a minority recapitalization and growth financing with Seacoast Capital (“Seacoast”), a leading non-control growth capital investor, and E2 Venture Partners (“E2”), an independent sponsor with deep domain expertise in the health & wellness and active lifestyle sectors.
Founded in 1989, Crunch is one of the fastest-growing high-value, low-price (“HVLP”) fitness club concepts in the U.S. FHNA currently owns and operates 22 Crunch clubs in MA, PA, NJ and NY, with its most recent location opening in Bensalem, PA in January 2020. FHNA has additional units opening in Worcester, MA and East Brunswick, NJ in early 2020, a robust pipeline of additional de novo and acquisition opportunities in existing and new markets, and is now capitalized to reach its goal of operating 50+ Crunch locations within the next few years.
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CSI Laboratories Announces Equity Stake Acquisition by Synergy Capital Investments
July 09, 2019
ALPHARETTA, Ga.--(BUSINESS WIRE)--CSI Laboratories (CSI) and Synergy Capital Investments (Synergy) today announced the transition of a convertible note to equity stake in CSI, a state of the art, specialized cancer diagnostic center.
“The security purchase agreement, originally issued in 2017, supported a significant transformation around revenue cycle, sales and operational management that improved our profitability,” said Chief Executive Officer and Chief Financial Officer, Chris Wicker. “The note positioned CSI to expand capabilities through the implementation of cutting-edge informatics and the addition of the second testing facility in Jupiter, FL that opened earlier in 2019. We are very pleased to continue our partnership with Synergy as a shareholder and build on CSI’s robust performance.”
CSI executed a considerable financial turnaround in the past two years, and the financial outlook is positive for sustained planned growth.
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Synergy Capital Investments Makes Growth-Oriented Investment in Fitness Holdings Northeast, One of Crunch Fitness's Largest Franchisee Groups
April 17, 2019
NEW YORK, April 17, 2019 /PRNewswire/ -- Fitness Holdings Northeast, LLC ("FHNE" or "the Company"), a leading franchisee group in the Crunch Fitness network in the Northeast region, announced today that Synergy Capital Investments, LLC ("Synergy" or "the Firm"), a diversified private equity firm based in Atlanta, Ga., has completed a growth-oriented investment in the Company.
Headquartered in Greenwich, Conn., FHNE's mission is to launch a network of Crunch gyms across the northeastern United States. The Company currently operates 18 locations in the New York, Pennsylvania, New Jersey, and Massachusetts area, and is set to open four more locations in 2019. FHNE's partnership with Synergy will enable the Company to expand not only regionally, but also nationally through a mix of acquisitions and new development to achieve its 50-club growth plan.
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