GREENWICH, Conn., Feb. 23, 2017 /PRNewswire/ -- North Castle Partners, a leading private equity firm focused on consumer businesses that promote Healthy, Active and Sustainable Living, announced today that Jay Galluzzo, co-founder and former CEO of Flywheel Sports, has become a Managing Director of the firm. North Castle is currently investing its sixth focused fund.
"We welcome Jay to his new role as a Managing Director of North Castle. While working with Jay in his role as an NCP Operating Advisor, we recognized the value that he would bring as a North Castle investment professional based on his record as an entrepreneur, passion for the healthy living space, innate appreciation of our Value & Values approach and nose for new investment opportunities," said Chip Baird, North Castle CEO and Founder.
"I am honored to expand my role at North Castle. As an operating advisor and member of the Board of Directors of Barry's Bootcamp and Brooklyn Boulders, I have experienced firsthand NCP's Value and Values approach to investing and the firm's vision of Full Potential Partnership. As an entrepreneur, I appreciate the power of values-based partnerships to help entrepreneurs and their companies consistently achieve their full potential. I am excited by the opportunity to utilize NCP's extensive and highly relevant network and experience to pursue new investments and partner with management teams to achieve their next level of success," commented Jay Galluzzo, Managing Director.
Jay has nearly 20 years of experience as an entrepreneur, executive and investor. Since joining North Castle in 2016 as an operating advisor, he has been actively involved in sourcing and managing various investments. As a co-founder of Flywheel Sports, one of the leading innovators in boutique fitness, Jay led the company from its launch in 2010 through its successful sale in 2014. During and after his tenure at Flywheel, Jay also led early stage investments in emerging brands including DreamDry and Montauk Brewing, and has served in an executive, advisory or board capacity for businesses including The Warnaco Group, Neuehouse and Qor performance apparel.
About North Castle Partners
North Castle Partners is a leading private equity firm focused on investments in consumer-driven product and service businesses that promote Healthy, Active, and Sustainable Living. North Castle is a hands-on, value-added investor in high-growth, middle market companies in the (i) beauty & personal care, (ii) consumer health, (iii) fitness, recreation & sports, (iv) home & leisure and (v) nutrition sectors, among others. North Castle's current portfolio includes such well-known brands as HydroMassage, Strengthen Lengthen and Tone, Curves International/Jenny Craig, Barry's Bootcamp, Palladio Beauty Group, Mineral Fusion, Red Door Spas, Sprout Organics, SmartyPants, Brooklyn Boulders, Ibex Outdoor Clothing, and Turnbridge. Prior portfolio company holdings include Atkins Nutritionals, Contigo, Doctor's Best, Octane Fitness, Cascade Helmets, Bora-Bora Organic Foods, gloProfessional, Equinox Fitness, EAS, Enzymatic Therapy, CRC Health Group, Doctor's Dermatologic Formula, Naked Juice Company, Flatout Flatbread, and Avalon Organics / Alba Botanicals. North Castle and its operating executives and advisors partner with management to bring a wide range of strategic and operational capabilities to build world-class companies by unlocking the exponential power of Full Potential Partnerships. North Castle is headquartered in Greenwich, CT. For more information, visit www.northcastlepartners.com.
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SOURCE North Castle Partners