Bodybuilding.com Sells Controlling Interest

**Prince** · 07-12-2006, 10:29 AM

Bodybuilding.com Sells Controlling Interest

Private equity money continues to flow into the industry. Case in point: On June 30, Boise, ID-based Bodybuilding.com sold a controlling interest to Lancaster, PA-based equity firm Milestone Partners.

Terms of the deal were not disclosed. New York-based investment bank Goldsmith Agio Helms represented the sellers in the transaction.

In addition to its namesake Website, Bodybuilding.com operates Athletes.com. Both sites sell nutritional supplements as well as fitness equipment and apparel. The company, which has been growing at a rate of 75% annually since 2001, expects sales to exceed $60 million this year.

The company was founded in 1999 by Ryan DeLuca when he was 21 years old. This year DeLuca was number 5 on "Inc." magazine’s list of the top 30 entrepreneurs under 30 years old.While Milestone acquired a controlling interest, the DeLuca family will retain substantial ownership.

According to Jim Clancy, a director with Goldsmith Agio Helms and lead banker on the transaction, Milestone will help Bodybuilding.com improve its sophistication in terms of systems and infrastructure while supporting the editorial content in the company’s Websites. Milestone has set a target revenue of $150 million within a few years.

http://multichannelmerchant.com/news...sold_07052006/

bigss75 · 07-12-2006, 12:52 PM

He's a very rich young man.

musclepump · 07-12-2006, 06:07 PM

damn.

min0 lee · 07-12-2006, 09:24 PM

The question I ask is.....how many millions are you now worth Mr. DiMaggio?

**Prince** · 07-13-2006, 07:46 AM

Quote:

Originally Posted by min0 lee

The question I ask is.....how many millions are you now worth Mr. Dimaggio?

lol, give me a few more years.

07-12-2006, 10:29 AM	#1
Prince the one & only Administrator Join Date: Nov 2000 Location: Colorado Posts: 33,302 Blog Entries: 25 Photos: 313	Bodybuilding.com Sells Controlling Interest BODYBUILDING SUPPLEMENTS High Quality Supplements For Bodybuilders and Athletes. www.ironmaglabs.com Bodybuilding.com Sells Controlling Interest Private equity money continues to flow into the industry. Case in point: On June 30, Boise, ID-based Bodybuilding.com sold a controlling interest to Lancaster, PA-based equity firm Milestone Partners. Terms of the deal were not disclosed. New York-based investment bank Goldsmith Agio Helms represented the sellers in the transaction. In addition to its namesake Website, Bodybuilding.com operates Athletes.com. Both sites sell nutritional supplements as well as fitness equipment and apparel. The company, which has been growing at a rate of 75% annually since 2001, expects sales to exceed $60 million this year. The company was founded in 1999 by Ryan DeLuca when he was 21 years old. This year DeLuca was number 5 on "Inc." magazine’s list of the top 30 entrepreneurs under 30 years old.While Milestone acquired a controlling interest, the DeLuca family will retain substantial ownership. According to Jim Clancy, a director with Goldsmith Agio Helms and lead banker on the transaction, Milestone will help Bodybuilding.com improve its sophistication in terms of systems and infrastructure while supporting the editorial content in the company’s Websites. Milestone has set a target revenue of $150 million within a few years. http://multichannelmerchant.com/news...sold_07052006/
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07-12-2006, 06:07 PM	#3
musclepump Celebrity PersonalTrainer Join Date: Nov 2004 Posts: 6,664 Photos: 128	damn.
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07-12-2006, 09:24 PM	#4
min0 lee I See© Elite Member Join Date: Oct 2004 Location: The Bronx, NYC Posts: 31,107 Blog Entries: 3 Photos: 542	The question I ask is.....how many millions are you now worth Mr. DiMaggio? Last edited by min0 lee : 07-13-2006 at 06:52 PM.
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07-12-2006, 12:52 PM	#2
bigss75 Let Me See Yo Grill Elite Member Join Date: May 2002 Location: Colorado Posts: 5,123	He's a very rich young man.