CSI Laboratories Announces Equity Stake Acquisition by Synergy Capital Investments

July 09, 2019

ALPHARETTA, Ga.--(BUSINESS WIRE)--CSI Laboratories (CSI) and Synergy Capital Investments (Synergy) today announced the transition of a convertible note to equity stake in CSI, a state of the art, specialized cancer diagnostic center.

“The security purchase agreement, originally issued in 2017, supported a significant transformation around revenue cycle, sales and operational management that improved our profitability,” said Chief Executive Officer and Chief Financial Officer, Chris Wicker. “The note positioned CSI to expand capabilities through the implementation of cutting-edge informatics and the addition of the second testing facility in Jupiter, FL that opened earlier in 2019. We are very pleased to continue our partnership with Synergy as a shareholder and build on CSI’s robust performance.”

CSI executed a considerable financial turnaround in the past two years, and the financial outlook is positive for sustained planned growth.

. . .

Synergy Capital Investments Makes Growth-Oriented Investment in Fitness Holdings Northeast, One of Crunch Fitness's Largest Franchisee Groups

April 17, 2019

NEW YORK, April 17, 2019 /PRNewswire/ -- Fitness Holdings Northeast, LLC ("FHNE" or "the Company"), a leading franchisee group in the Crunch Fitness network in the Northeast region, announced today that Synergy Capital Investments, LLC ("Synergy" or "the Firm"), a diversified private equity firm based in Atlanta, Ga., has completed a growth-oriented investment in the Company.

Headquartered in Greenwich, Conn., FHNE's mission is to launch a network of Crunch gyms across the northeastern United States. The Company currently operates 18 locations in the New York, Pennsylvania, New Jersey, and Massachusetts area, and is set to open four more locations in 2019. FHNE's partnership with Synergy will enable the Company to expand not only regionally, but also nationally through a mix of acquisitions and new development to achieve its 50-club growth plan.

. . .