SAN FRANCISCO, CA (January 19, 2022) – Gym Launch and Prestige Labs (together, the “Company”), a provider of coaching programs and business training materials to help gym owners increase revenue and improve profitability and a provider of premium fitness and health supplements, announced the promotion of Cale Owen to Chief Executive Officer and Maggie Owen to Vice President of Operations effective immediately. This follows the announcement that American Pacific Group (“APG”), a San Francisco Bay Area-based private equity firm, made an investment in Gym Launch and Prestige Labs to support the Company’s strong growth trajectory, continued development of new value-added services for its customers, and new product development.
Cale and Maggie are former gym owners and customers of Gym Launch. Cale joined the Company in 2018 and has most recently been the General Manager. Maggie joined in 2019 and has most recently been the Director of Operations. Both have been instrumental in the growth and success of the Company.
Alex and Leila Hormozi, Gym Launch and Prestige Labs founders and former co-CEOs, will continue to play an active role as board members.
“Cale and Maggie are phenomenal leaders who have been crucial in creating sustainable success for our customers as well as driving growth and innovation within the Company,” said Alex and Leila Hormozi, Gym Launch and Prestige Labs founders and former co-CEOs. “They were first clients turned friends turned loyal confidants who have risen to the occasion with every single opportunity. It is rare to find one person as such, nonetheless two. We are confident in the future of Gym Launch and Prestige Labs under their leadership.”
“We’re thrilled to back Cale and Maggie to lead Gym Launch and Prestige Labs in the next phase of growth,” commented Stephanie Gaufin, board member of Gym Launch and Prestige Labs and principal at American Pacific Group. “Under their leadership, the Company will further its mission to provide gym owners value-added training to make them more profitable and increase the health and wellness of their clients through high-quality supplements.”
“I am honored and excited to lead Gym Launch and Prestige Labs and continue our relentless focus on helping gym owners and their communities,” said Cale Owen, Chief Executive Officer.
“I am looking forward to continuing to build on the momentum we have and to help lead the company through its next stage of growth,” said Maggie Owen, Vice President of Operations.
About Gym Launch
Gym Launch is a leading provider of business coaching and training for fitness and exercise facilities. Gym Launch has helped thousands of gyms across the United States increase revenue and improve profitability. For more information, please visit www.gymlaunch.com.
About Prestige Labs
Prestige labs is a fast-growing provider of premium fitness and health supplements. More information is available at www.prestigelabs.com.
About American Pacific Group
American Pacific Group is a San Francisco Bay Area-based private equity firm with $450 million of capital under management. Together, with management teams, American Pacific Group drives sustainable growth in its portfolio companies through the “Q Process”, a proprietary and tested approach to value creation. For more information, please visit www.americanpacificgroup.com.