Navigation Links
Arthur Patrick Partners Acquires Fit Fuel, LLC
Date:1/25/2008

LAS VEGAS, Jan. 25 /PRNewswire/ -- Arthur Patrick Partners, a Las Vegas private equity firm, today announced the signing of a definitive agreement to acquire a majority stake in Fit Fuel, LLC for an undisclosed amount. Fit Fuel operates e-commerce site FitFuel.com, a retailer of healthy living products. The company also manages a network of Fit Fuel-branded, media-capable "healthy" vending machines, and has recently introduced a proprietary line of dietary supplements.

Ashton Swimmer, a Managing Partner at Arthur Patrick who was named to the company's Board, said, "We are extremely excited about building the Fit Fuel brand. Fit Fuel has built strong operations in both the United States and South Africa, and is gaining traction in Asia, which is quite impressive for an early state growth company. The management team has assembled a unique combination of assets." The capital that Arthur Patrick is contributing will fund additional IT infrastructure, including mobile applications, as well as sales & marketing and a project code named 'Lucy' which, according to Arthur Patrick Partners, will revolutionize the way people access food in America.

FitFuel.com is aggressively expanding its non-supplement offerings to include pet care, personal care, "green" products and other "broader-health" products. Fit Fuel Founders Luke Burgis and Sean Kelly will maintain their positions as Managing Director and President of the company, but will focus primarily on Project Lucy and its derivatives. Fit Fuel, founded in 2004, has revenue growth in the triple digits and has been cash flow positive for two years.

"Fit Fuel fits into our investment strategy because the company has bridged the gap between health, technology and media. We believe that we can provide tangible, measurable results within a short period of time due to the synergies that exist with our other holdings."

About Arthur Patrick Partners (http://www.arthurpatrick.com)

Arthur Patrick Partners is a Las Vegas private equity firm that primarily invests in early stage health, technology and media companies. Arthur Patrick was founded by entrepreneurs in 2005. The firm takes a hands-on approach to building value and has invested in 12 companies to date. Arthur Patrick is in the process of raising a second fund, APP II, which will focus on media companies.

About Fit Fuel (http://www.fitfuel.com)

Fit Fuel, founded in 2005, operates the website FitFuel.com and a network of healthy vending machines with media capabilities. The company also markets two lines of proprietary dietary supplements outside of the e-commerce and food service channels. Fit Fuel is a premier provider of convenient health options for corporations and individuals and has extended its online presence with physical access points and growing distribution of its product line.


'/>"/>
SOURCE Fit Fuel, LLC
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. The Arthur M. Blank Family Foundation Pushes for Pre-K Expansion in Georgia
2. Arthur M. Blank Family Foundation Names Susan Bertonaschi Program Officer, Better Beginnings
3. Association of Academic Health Centers Names University of Pennsylvanias Dr. Arthur H. Rubenstein Chairman of the Board of Directors
4. MacArthur commits $11 million to further UCSF work in maternal safety
5. Sodexho, Inc. Announces Patrick E. Connolly as Market President & COO
6. Patrick L. Nelson Named Chief Suitability Officer of Allianz Life Insurance Company of North America
7. Texas Affiliates of Susan G. Komen for the Cure, Sen. Kirk Watson, Rep. Patrick Rose, Singer Kelly Willis, Breast Cancer Survivors and Activists Rally for Passage of Proposition 15
8. Pharmasset Appoints Patrick T. Higgins as Executive Vice President, Marketing & Sales
9. AtriCure to Present at Thomas Weisel Partners 2007 Healthcare Conference
10. Matrixx Initiatives, Inc. to Present at the Roth Capital Partners 2007 New York Conference
11. ATS Medical to Present at the 2007 Thomas Weisel Partners Healthcare Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2016)... ... 2016 , ... United Methodist Communications collaborated with Chocolate Moose ... video designed to prevent the next widespread Ebola outbreak from occurring ... distributed throughout Togo, Liberia, Sierra Leone, Nigeria, Côte d’Ivoire and other African countries, ...
(Date:2/9/2016)... (PRWEB) , ... February 09, 2016 , ... ... Mammal Prize has officially been won. A team from 21st Century Medicine (21CM) ... a way to preserve the delicate neural circuits of an intact rabbit brain ...
(Date:2/8/2016)... , ... February 08, 2016 , ... Coast Dental has ... is National Children’s Dental Health Month and family dentist Yvonne Dorrian, DMD, is hosting ... Coast Dental , located next to Target at 1207 North Peachtree Parkway in ...
(Date:2/8/2016)... ... February 08, 2016 , ... ... case packer for pouches, bags, and flow wrapped products at WestPack 2015, February ... specialty product manufacturers step up to semi-automatic or fully-automatic case packing with a ...
(Date:2/8/2016)... ... February 08, 2016 , ... The ... has selected the latest beneficiary of their ongoing community enrichment program. The current ... in area schools. Donations are now being accepted at: http://www.angelsanddoves.com/donate.html . , ...
Breaking Medicine News(10 mins):
(Date:2/8/2016)... --> --> ... Technologies Market by Product (Radiofrequency, Ultrasound, Irreversible Electroporation, Cryotherapy, ... Ophthalmology, Gynecology) - Global Forecasts to 2020", published by ... forecast period of 2015 to 2020. The market is ... of 10.5% from 2015 to 2020. Browse ...
(Date:2/8/2016)... , Feb. 8, 2016 ... the "Global Skin Protective Equipment Market 2016-2020" ... --> http://www.researchandmarkets.com/research/fqx6nz/global_skin ) has announced the addition ... 2016-2020" report to their offering. ... ) has announced the addition of the ...
(Date:2/8/2016)... a historic vote among its members this weekend, the Shinnecock Indian Nation ... and dispensary on tribal land near Southampton . ... for patients in the state,s Medical Cannabis Program. --> ... in the state,s Medical Cannabis Program. --> Tribal members ... designation from the State of New York as ...
Breaking Medicine Technology: