CLMBR Explores Strategic Alternatives as it Continues to Expand its Commercial Business
CLMBR is anticipating a transaction with
a strategic partner by the end of 2023.
CLMBR, a leader in connected fitness, is restructuring its business in anticipation of a strategic transaction. CLMBR has closed its Los Angeles based fitness studio and has significantly reduced its staff. Its Denver based flagship studio and headquarters remain open.
All of CLMBR’s DTC (direct-to-consumer) and B2B (business-to-business) operations continue with its distribution partners, including Woodway. While exciting developments are underway, CLMBR is unable to provide further information at this time.
CLMBR made a name for itself with their award winning, first-to-market connected vertical climber for the in-home consumer market and has seen early success in the commercial market with the support of their commercial distribution partner, Woodway. CLMBR has made major strides in popularizing vertical climbing as safe, effective, and efficient full-body strength and cardio workout. CLMBR’s on-demand, instructor-led programming, integrated screen, and overall design has made vertical climbing more accessible and approachable than ever before. This is in alignment with their company ethos that vertical climbing is a superior workout when compared to more traditional workouts such as treadmills, spin bikes, rowers, and ellipticals.
With the normalizing of fitness trends, more and more people are returning to gyms as CLMBR finds itself well positioned with a high level of commercial and at-home market opportunity.