McDermott + Bull has successfully placed Ryan Kersten as Chief Financial Officer at private-equity-backed Aspyr Holdings, a prominent area developer and franchisee platform within Orangetheory® Fitness. Ryan will serve as a hands-on finance leader, contributing significantly to the corporate leadership and management of the company. He will oversee the accounting operations, including the production of periodic financial reports, maintenance of an extensive system of accounting records, and compliance of reported results .
Ryan is a strategic leader and finance business partner with a proven track record of driving success at enterprise-level companies. Most recently, he served as the Vice President of Finance + Accounting at Catalina Island Company. Prior, Ryan was a Senior Financial Analyst for Marriott Vacation Club International. He earned a bachelor of science degree from the University of Southern California.
Aspyr Holdings is one of the largest area developer and franchisee platforms within Orangetheory® Fitness, operating and overseeing 47 studios in San Diego County, Orange County, Long Beach, San Francisco, and East Bay regions of California, with 600 employees. Additionally, Aspyr added Restore Hyper Wellness to its platform, a separate entity within the franchisee group. Aspyr operates and oversees eight Restore studios with 100 employees, and another soon to open in Orange County. Both Orangetheory and Restore Hyper Wellness are supported by the same leadership team, investors, and board.
New Heights Capital is a private equity investment firm focused exclusively on equity investments in consumer service companies and the technology enabled service companies that serve those consumer businesses. New Heights Capital sponsored and led the Aspyr Holdings recapitalization.
Tensile Capital Management is a San Francisco-based investment firm managing $1.5 billion in committed capital through an “evergreen” fund structure. Tensile seeks to generate superior risk-adjusted, after-tax returns through long-term investments in a concentrated portfolio of undervalued public securities and select private businesses.