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February 26, 2024 - Precor launches new functional strength training line powered by BeaverFit

Precor launches new functional strength training line powered by BeaverFit

Precor, trusted fitness solution provider to more than 14,000 global facilities, has selected BeaverFit, the world’s largest supplier of fitness equipment to U.S. and NATO militaries, to design and manufacture their new functional training line.

"We are thrilled to announce the launch of this new product line in partnership with BeaverFit," shared Adam Hubbard, Precor director of product and marketing. "BeaverFit's extensive experience in developing purpose-built, functional training equipment that withstands the toughest environments, combined with their expertise in premium design and manufacturing, made them a perfect fit for Precor. They have been exceptional partners throughout the development process, and we are excited to introduce these new products to our customers this spring."

For Precor, this new line brings together the quality, performance, and innovation that customers have always trusted, with the proven reliability and rugged designs of BeaverFit. This powerful combination creates a solution for customers that will meet the rapidly evolving strength and functional training needs of modern fitness facilities.

“We couldn’t be more excited about this partnership with the Precor team,” echoed Nick Vay, VP of commercial sales, BeaverFit. “The synergy between our brands is remarkable, and we deeply appreciate the chance to provide our world-class functional training solutions to support their outstanding team and customers across the globe."

Originating from a family-owned steel fabrication business in the U.K., BeaverFit gained prominence in the early 2010s by supplying custom-outfitted container gyms to military organizations. With rapid expansion into commercial fitness, BeaverFit now empowers individuals worldwide to achieve their fitness goals with versatile training solutions.

This partnership introduces an impressive selection of more than 10 product options to Precor’s catalog, showcasing space-efficient functional training solutions with integrated storage. These solutions are meticulously designed to create purpose-built zones for functional exercises, ensuring that other strength areas remain open for primary lifts.

  • Fitness Post: The most compact of the new offerings offers training and storage capabilities for a single user in small spaces.
  • Bay Unit: This solution raises the bar with multiple functional training modalities in a single- or multiple-unit station, with various exercise and integrated storage configurations available.
  • Bridge Unit: Featuring a 15-foot span of monkey bars to connect storage and exercise stations, this multi-user, multi-modality training station also provides neatly integrated organization for all accessories.

These solutions will be available throughout the U.S and internationally in select countries. Each product goes beyond spec with industry leading steel, in keeping with BeaverFit’s core promise to use only the highest quality materials sourced and manufactured in America and Britain.

"At the core of our company is our commitment to domestic sourcing and manufacturing, a cornerstone that guarantees the quality and reliability of our products. This pledge extends to our partners, ensuring their satisfaction,” Vay said. “Teaming up with Precor fills us with excitement as we embark on a journey to introduce our superior training solutions to a global audience.”

For more information on the newest line of Precor offerings powered by BeaverFit, visit www.precor.com/functional-training.

About Precor

Precor, a wholly owned subsidiary of Peloton and headquartered in Woodinville, WA, has been a pioneer in delivering fitness experiences for commercial customers and exercisers for more than 40 years. Precor serves more than 100 countries worldwide with offices in the Americas, EMEA, and APAC. Precor products and services span across all major categories, including cardio, strength, functional fitness, and connected fitness solutions. Precor segments include commercial clubs/facilities and the verticals of Hospitality, Multi-Family Housing, Corporate, and Education. For more information, visit www.Precor.com.

About BeaverFit

BeaverFit is a global leader in world-class indoor, outdoor, and mobile training solutions to empower individuals to achieve their mission however they train, wherever they train. As the trusted partner in creating training capabilities, BeaverFit supports all branches of the U.S. military, NATO forces, universities, fitness clubs and Fortune 500 companies with American- and British-made equipment and accessories. With in-house design engineers and manufacturing, BeaverFit takes on the challenge of creating custom, turnkey equipment solutions that meet the specific space, needs and training requirements of partners. For more information, visit www.beaverfitusa.com.

June 15, 2023 - Precor Reaffirms Itself In Premium Sector With All-New Executive Team

Premium fitness equipment manufacturer and supplier, Precor, has made a series of appointments to its executive team, including a new UK Sales Leader.

Following the appointment of Dustin Grosz as Chief Executive Officer and Frank O’Rourke as Senior Vice President of Global Sales earlier this year, the leading fitness equipment supplier has now appointed Simon Overing as its new UK Sales Leader.

A seasoned industry professional, Simon began his fitness career as a PT in the armed forces. He has a wide range of UK/EMEA sales leadership experience spanning 23 years. Based in Nottinghamshire, Simon is ideally located in the heart of the country to lead the Precor UK sales team.

He says: “I was excited by the chance to work with one of world’s leading brands; a product of this quality was too big to say no to – it’s an awesome opportunity! We are directly responsible for our own destiny and are super clear on what we are trying to achieve and how. For me, that’s making sure our customers know we’re here to support them and ensuring our actions speak louder than words. People, whether that’s customers, staff or Partners, are what the business is all about and we must prioritise them with our time, empathy and integrity; that’s where success comes from.”

In his most recent role prior to joining Precor, Simon developed and executed sales and marketing plans to increase sales and market share throughout Asia, Europe, the Middle East and Latin America.

A fully fledged global team

Thanks to further appointments, Precor now has an all-new global executive team. Dustin Grosz has more than 30 years of experience in the industry and brings a deep knowledge of fitness and wellness alongside a proven track record of leading companies through transformational growth.

Frank O’Rourke joined Precor to lead company engagement with customers and grow Precor’s sales and distribution relationships across multiple geographies. He brings three decades of industry experience from senior leadership and sales management positions at Core Health & Fitness and Nautilus, Inc.

Kelsey Hennessy, an experienced HR professional, joins as Global Head of Human Resources while Mitchell Pavao has been appointed Vice President of Global Technology. Hennessy, most recently a Senior People Business Partner with Peloton, will support Precor by establishing best people practices during this period of growth and transformation. Pavao has contributed expertise to the Precor team for the past two years in his role as Senior Director, M&A Technology at Peloton. He has previously held Head of Technology positions at Myspace, SpinMedia and Leaf Group.

Jon Sullivan joins the team as Chief Financial Officer, having worked for eight years at Amazon, supporting Amazon Web Services and the Prime Video business. Dave Mendenall joins as Senior Vice President of Global Operations and Supply Chain, coming to Precor with more than 20 years’ experience in the fitness and technology industries.

“These appointments mark an important milestone, signalling the next chapter for Precor,” says Simon. “Precor is back to doing what it does best, producing reliable commercial fitness equipment and delivering on our customers' needs through a full-service hands-on consultative partnership approach.”

For further information and images, please contact:

Wendy Golledge at Big Fish Public Relations Tel: 07921 319517 Email: wendy@bigfishpublicrelations.co.uk

About Precor Precor, a wholly owned subsidiary of Peloton and headquartered in Greater Seattle, WA, has been a pioneer in delivering fitness experiences for commercial customers and exercisers for more than 40 years. Precor serves more than 100 countries worldwide with offices in the Americas, EMEA and APAC. Precor products and services span across all major categories, including cardio, strength, functional fitness, group training and connected solutions. Precor segments include commercial clubs/facilities and the verticals of Hospitality, Multi-family Housing, Corporate and Education. For more information visit www.precor.com

Precor Announces New Benelux Distribution Partner

Precor is proud to work with our new distributor, M-Fitness, to provide its distribution partner best-in-class cardio, strength, and connected fitness solutions across the Benelux region.

This new strategic partnership will ensure Precor remains strong, responsive, efficient, and streamlined in its operations across Belgium, Netherlands, and Luxembourg; the specific local knowledge and experience of the team behind M-Fitness will help Precor continue to deliver top-tier service to its customers across the Benelux region.

Sven Colonne, M-Fitness Director, details: “Adding Precor to our portfolio is a dream come true. Not only are we adding a market-leading brand whose quality and reliability is second to none, but it’s a perfect match for our existing customers and the current Precor customer base. In a time where clubs must reinvent themselves and new concepts are being created every day, M-Fitness is the right partner for Benelux fitness operators through our experienced team of professionals who will ensure the best possible service and support, from first inquiry, through installation of the product, and after the sale.”

Frank O’Rourke, Precor Senior Vice President Global Sales, shares: “We are motivated by our new strategic partnership with M-Fitness across the Benelux region. The M-Fitness team comes with a wealth of industry knowledge and is excellent in their support and service of their customers. With this partnership, we’re confident that our Precor customers - existing and future - will have a positive experience that will cascade across communication, delivery, and service to create a long-term partnership.”

M-Fitness will directly represent the Precor brand and products throughout the Benelux region, including taking on responsibility for sales, installation, service, and warehousing. Precor remains committed to these markets, and its commercial teams, logistics and marketing department will collaborate with M-Fitness to ensure Benelux operator partners receive optimal equipment, service, and support.

About Precor Precor, a wholly owned subsidiary of Peloton and headquartered in the Greater Seattle area of Washington State in the United States, has been a pioneer in delivering fitness experiences for commercial customers and exercisers for more than 40 years. Precor serves more than 100 countries worldwide with offices in the Americas, EMEA, and APAC. Precor products and services span across all major categories, including cardio, strength, functional fitness, and connected solutions. Precor segments include commercial clubs/facilities and the verticals of Hospitality, Multi-family Housing, Corporate, and Education. For more information, visit https://www.precor.com.

About M-Fitness Founded in 1995 and headquartered in Utrecht, Netherlands, M-Fitness has more than 20 years’ experience in the fitness market. M-Fitness uses their years of experience, broad market knowledge, and strong fitness concepts to help fitness operators make the right choices in fitness equipment that is supported by innovative concepts and independent selection of the latest fitness equipment. All with the overall goal of helping operators move to the next level. For more information, visit https://m-fitness.nl.

Peloton Appoints Dustin Grosz as Chief Executive Officer of Precor

Frank O’Rourke joins Precor’s leadership team as Senior Vice President of Global Sales

NEW YORK, 14 February – Peloton (NASDAQ: PTON), the leading connected fitness platform, announced today its Board of Directors (“Board”) has appointed Dustin Grosz as Chief Executive Officer of Precor, a wholly-owned subsidiary of Peloton, effective immediately. Grosz has served as Interim Chief Executive Officer since December 12, 2022. Grosz brings more than 30 years of experience in the fitness industry. He will report to Dion Camp Sanders, Chief Emerging Business Officer of Peloton.

“Dustin’s appointment as CEO marks an important milestone signaling the next chapter for Precor. He has a proven track record leading companies through transformational growth, and a deep knowledge of the fitness and wellness industry. As interim CEO, Dustin has already had a positive impact on the organization bringing to bear his strong experience in global supply chain and distribution, manufacturing, and sourcing strategies,” said Sanders, Chief Emerging Business Officer of Peloton. “Dustin’s immediate focus will be to return Precor to a position where it generates positive free cash flow.”

Grosz previously served as president and COO of Core Health & Fitness where he led the restructuring of a $180 million business. From 2011 to 2019, Grosz also served as president and COO of Star Trac. Prior, he was president and CEO of StairMaster where he transformed an underperforming product line in the first year of management. He has also held several positions at Nautilus Inc.

Frank O’Rourke has also joined Precor as senior vice president of global sales. Based in the United States, O’Rourke will report directly to Grosz and will oversee Precor’s global sales and go-to-market strategy to transform and grow the company’s sales and distribution relationships across multiple geographies. O’Rourke brings more than 30 years of experience in the fitness industry and has held several senior leadership and sales management positions at Core Health & Fitness and Nautilus, Inc.

About Precor Precor, a wholly owned subsidiary of Peloton and headquartered in Greater Seattle, WA, has been a pioneer in delivering fitness experiences for commercial customers and exercisers for more than 40 years. Precor serves more than 100 countries worldwide with offices in the Americas, EMEA, and APAC. Precor products and services span across all major categories, including cardio, strength, functional fitness, group training, and connected solutions. Precor segments include commercial clubs/facilities and the verticals of Hospitality, Multi-family Housing, Corporate, and Education. For more information, visit www.Precor.com.

About Peloton Peloton (NASDAQ: PTON) is the leading connected fitness platform with a highly engaged community of nearly 7 million Members worldwide. A category innovator at the nexus of fitness, technology, and media, Peloton's first-of-its-kind subscription platform seamlessly combines innovative hardware, distinctive software, and exclusive content. Its world-renowned instructors, coach and motivate Members to be the best version of themselves anytime, anywhere. Founded in 2012 and headquartered in New York City, Peloton continues to scale across the US, UK, Canada, Germany, and Australia. For more information, visit www.onepeloton.com.

PRESS CONTACT: Ojas Naik ojas.naik@zenogroup.com