Sherman & Howard Sherman & Howard

Sherman & Howard Closes Deal for Orangetheory Fitness Studios in Colorado

September 14, 2018 – Orangetheory Fitness is more than a gym. It is a one-of-a-kind, group training workout that has transformed into a lifestyle movement across the globe. Their franchise model has been incredibly successful growing from its initial location in Florida in 2009 to more than 1,000 locations in forty-five states and in 21 countries around the world.

As one of the initial area representatives, the Silver Arrows ownership group (Erik and Wendy Skaalerud and Trent Peaker) has grown the Orangetheory Fitness presence in Colorado from one initial location in Highlands Ranch to more than 29 locations around the state since 2012.

On August 20th, Silver Arrows and their affiliates sold seven Orangetheory fitness studios and their rights as the Colorado area representative to the We Spread Health organization led by Tim Johnson. Sherman & Howard, led by attorney Lyle Wallace represented Silver Arrows in the sale. Orangetheory Fitness will continue to expand in Colorado and will continue to deliver health and wellness around the state. “Lyle and his team at Sherman & Howard are the consummate professionals and true leaders in the industry. The knowledge and experience that Lyle brought to everything from the initial negotiations to the closing table provided a seamless and overall painless process. His integrity throughout the process was fair and honest while protecting our interest in the transaction. I highly recommend Lyle Wallace and will continue to use his services for future endeavors,” said Wendy Skaalerud, Silver Arrows Group.

Lyle is a Member in the firm’s Business and Corporate practice group. He serves as outside counsel for privately held companies and private equity groups. In this capacity, Lyle advises his clients on all aspects of corporate affairs, including mergers & acquisitions. He is an AV-rated corporate attorney and has been recognized by Chambers USA.

About Orangetheory Fitness:

Orangetheory Fitness aims to help their members get more out of their workout. They have developed a unique trifecta of science, coaching and technology to show their members how their bodies improve during and after each workout. The trainers target at least twelve minutes in the Orange Zone to raise their heart rate and charge up metabolism. This results in a 36 hour post-workout calorie burn. Since its founding, Orangetheory Fitness and grown into a nationally recognized brand and is continuing to grow around the world.