Who Owns F45 Training Company?

Who Owns F45 Training?

Understanding F45 Training's ownership is key to grasping its strategic moves and market standing. The company's IPO in July 2021, which valued it at US$1.4 billion, was a major turning point.

This shift from private to public ownership reshaped its stakeholder base. The journey from its founding to its current public status reveals significant ownership changes.

The ownership structure of F45 Training has evolved considerably since its inception. Initially founded by Rob Deutsch and Adam Gilchrist in 2011, the company's growth led to its public offering. As of 2024, F45 Training operates globally with a significant number of studios. Analyzing its F45 Training BCG Matrix can provide insights into its product portfolio's market position.

F45 Training was founded in 2011 by Rob Deutsch and Adam Gilchrist. Deutsch, a former equities trader, established the first studio in Sydney in 2012. Following this initial success, he partnered with Gilchrist to develop the franchise model that would drive the company's rapid expansion.

Founding Vision

Rob Deutsch, with a background in equities trading, initiated the F45 Training concept. He opened the very first studio in Paddington, Sydney, in 2012.

Partnership for Growth

Adam Gilchrist joined forces with Rob Deutsch to scale the business through franchising. Their collaboration was key to the company's early growth trajectory.

Franchise Expansion

The first F45 franchise was sold in 2013. By 2014, a significant franchise rollout began in Sydney, with 15 franchises acquired by individuals from the original studio.

Early Investment

In March 2019, the Mark Wahlberg Investment Group and FOD Capital invested in the company. This marked a significant milestone in F45 Training's ownership history.

Valuation Milestone

The investment valued F45 Training at US$450 million (AU$672 million). This capital injection was aimed at accelerating global expansion, particularly in the United States.

Leadership Continuity

Following this strategic investment, Rob Deutsch and Adam Gilchrist remained at the helm of the company's operations and strategic direction.

The early ownership structure of F45 Training was primarily defined by its founders, Rob Deutsch and Adam Gilchrist. Their combined expertise in business and fitness laid the groundwork for the company's innovative training model and subsequent franchise success. This foundational partnership was crucial in navigating the initial stages of growth and establishing the brand's presence. The strategic investment in March 2019 by the Mark Wahlberg Investment Group and FOD Capital introduced external stakeholders, acquiring a minority stake and providing capital to fuel international expansion. This event significantly impacted the F45 Training ownership landscape, supporting the company's ambitious Growth Strategy of F45 Training.

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The ownership of F45 Training has seen significant shifts, particularly following its initial public offering (IPO) in July 2021. The company's journey from a private entity to a publicly traded one on the New York Stock Exchange under the ticker 'FXLV' marked a pivotal moment in its F45 Training ownership history.

Before its public debut, a strategic minority investment in March 2019 by Mark Wahlberg Investment Group (MWIG LLC) and FOD Capital valued the company at approximately US$450 million. At the time of the IPO, MWIG LLC held a substantial 27% stake, and Adam Gilchrist, the then CEO, owned about 25% of the outstanding shares, positioning them as the largest shareholders. Private equity firms collectively held an 11% interest. However, the company has encountered considerable financial headwinds since its IPO. F45 Training was delisted from the NYSE on August 15, 2023, following a significant decline in its share price and failure to meet listing requirements. As of July 31, 2025, F45 Training's stock price is reported at $0.08, with a market capitalization of $7.32 million. Institutional ownership is currently minimal at 0.05%, with notable institutional shareholders including Tucker Asset Management LLC, Vermillion Wealth Management Inc., and Guggenheim Active Allocation Fund. Insider ownership accounts for 5.11% as of 2025, reflecting changes in the F45 Training company owner landscape.

Key Stakeholders and Ownership Breakdown

Understanding who owns F45 Training involves looking at both historical and current stakeholders. The company's financial performance has influenced its ownership structure.

• Mark Wahlberg Investment Group (MWIG LLC) was a significant shareholder prior to and at the time of the IPO.
• Adam Gilchrist, as former CEO, also held a substantial ownership stake.
• Private equity firms collectively owned 11% of the company before its public listing.
• Institutional ownership is currently very low, at 0.05% as of July 2025.
• Insider ownership stands at 5.11% in 2025.
• The company's financial health has impacted its F45 Training stock performance and investor relations.

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As of July 2025, the F45 Training Holdings Inc. board of directors comprises key figures including CEO and President Tom Dowd, Chief Brand Officer Mark Wahlberg, and Founder & Director Adam Gilchrist. The board was expanded in July 2023 with the addition of Tom Dowd and Richard Monje, bringing the total to 13 directors. Richard Monje's role as Managing Director and Head of Legal Affairs and Strategy at Kennedy Lewis Investment Management LLC, along with Tom Dowd's position, means neither is considered independent by NYSE standards.

The average tenure of the current board members is approximately 2.5 years, indicating a relatively recent composition of the board. While specific details regarding dual-class shares or preferential voting rights are not extensively publicized, historical significant ownership by early investors and founders, such as MWIG LLC, suggests a substantial level of influence over the company's strategic decisions and overall F45 Training ownership structure.

Understanding F45 Training's Corporate Governance

The composition and tenure of the F45 Training board of directors play a crucial role in shaping the company's strategic direction and F45 Training financial ownership. Understanding these dynamics is key for stakeholders interested in F45 Training investor relations.

• Board members' independence status impacts governance oversight.
• Key figures like the CEO and Founder hold significant influence.
• The average board tenure suggests a period of strategic evolution.
• Historical ownership patterns can indicate control over F45 Training operations.
• For a deeper dive into the competitive landscape, explore the Competitors Landscape of F45 Training.

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Over the last few years, F45 Training has navigated significant changes in its ownership and strategic direction. These shifts have been marked by a delisting from the stock exchange and key leadership transitions, influencing the company’s trajectory in the fitness industry.

The company’s financial performance and market presence have seen notable fluctuations. Despite a challenging period leading to its delisting, F45 Training has reported growth in new studio openings and franchise sales in 2024. This expansion includes its other brands, FS8 and VAURA Pilates, indicating a broader strategy beyond its core F45 Training offering. The company’s leadership is exploring potential name changes for the parent entity to better represent its expanded health and wellness portfolio.

Ownership Transition

F45 Training delisted from the NYSE on August 15, 2023, following a significant decline in its stock value. This event reshaped its public ownership profile.

Executive Leadership Changes

Adam Gilchrist departed as CEO in 2022, with Tom Dowd taking over the role in April 2023. Mark Wahlberg continues his involvement as Chief Brand Officer.

Operational Growth and Strategy

In 2024, the company reported the opening of 75 new studios and the sale of 87 franchises across its brands. Global Average Unit Volume (AUV) saw a 12.4% increase, and membership lead volume grew by 19%.

Brand Evolution and Legal Matters

The company is considering a parent company name change to reflect its broader health and wellness offerings. A legal dispute with David Beckham was settled out of court in 2024.

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