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Equity38 closes recapitalization of fitness training company TRX

Consumer-focused private equity firm Equity38 LLC, which launched in 2018, invested an undisclosed sum in TRX Training in a management buyout transaction.

TRX's existing infrastructure, led by founder and CEO Randy Hetrick, will remain intact as part of the recapitalization.

TRX offers mobile fitness solutions to health-conscious consumers and is behind the Suspension Training body weight-based exercise method. It aims to use the growth capital from Equity38 to further build its brand and business.