Mamaroneck, N.Y. & Dalllas, Feb 25 — opspin Consumer Partners (“Topspin”), an operationally-driven private equity firm focused on the consumer sector, today announced a strategic investment in Grid (“the Company”), a premier designer and manufacturer of high-quality laminate and phenolic lockers and performance flooring solutions for fitness, athletic team sports, and health & wellness facilities. Financial terms of the transaction were not disclosed.
Founded in 2020, Grid has quickly emerged as a trusted partner to top national fitness chains – including Crunch Fitness, EōS Fitness, 24 Hour Fitness, and VASA Fitness – as well as YMCA, college and K-12 athletic programs, country clubs, spas, healthcare facilities and workplaces. Grid’s growth is fueled by its vertically integrated, “one-stop-shop” model, delivering branded, site-specific solutions through exclusive and preferred vendor agreements. The Company combines design, manufacturing, logistics, and installation under one roof, ensuring seamless project delivery and exceptional customer value.
Drew White, Founder and CEO of Grid, said, “We have had the opportunity to get to know Topspin over several years, initially through one of its portfolio companies in 2021. Through this relationship we have seen first-hand the valuable financial and operational guidance, as well as their highly collaborative partnership approach. Topspin has remained an active partner, offering strategic insights and genuine support for our vision. I am excited to take this partnership to the next level and leverage Topspin’s expertise and resources as we embark on this next phase of growth.”
Stephen Parks, Partner at Topspin, said, “We are thrilled to partner with Drew and the entire Grid team at this exciting inflection point. Grid exemplifies the type of founder-led business we seek to back – one with a clear vision, a differentiated market position, and a relentless focus on innovation and customer experience. As demand for health and wellness facilities continues to grow and operators invest in upgrading their spaces and building new ones, Grid is exceptionally well positioned to lead the market with its U.S.-manufactured solutions. We look forward to supporting Drew and his team as they scale the business and help define the next generation of industry standards.”
Grid represents the second investment commitment from Topspin’s latest flagship private equity fund, Topspin Consumer Partners III.