Seattle, WA (December 19, 2024) - Rainier Partners, a private equity firm investing in lower middle-market services businesses, is pleased to announce its investment in Welfare & Pension Administration Service (“WPAS”), a third-party administration (TPA) firm specializing in multi-employer benefit plan administration. Based in Mercer Island, WA, WPAS has a 70+ year history of dedicated,… Read More
Seattle, WA (September 25, 2024) - Rainier Partners, a private equity firm investing in lower middle-market services businesses, and its portfolio company Omega Fitness are pleased to announce the acquisition of 21 gyms in Wisconsin from MDS Fitness. Along with additional tuck-ins and new gym openings, this acquisition adds to Omega’s position as the fastest-growing Anytime… Read More
Seattle, WA (June 25, 2024) – Rainier Partners and its portfolio company, SCI Flooring (“SCI”), are pleased to announce the platform’s second add-on acquisition, Carpetbaggers, Inc. Founded in 1984, Carpetbaggers offers flooring installation services in the greater Indianapolis metro area, with a core focus on multi-family tenant turnover and new construction. The acquisition will allow… Read More
Seattle, WA (November 29, 2023) - Rainier Partners and its portfolio company, SCI Flooring (“SCI”), are pleased to announce the addition of United Carpet to the firm’s flooring platform. United Carpet is a full-service floor covering provider serving customers in the multi-family, commercial, and residential markets. United Carpet was founded in 1981 in St. Louis,… Read More
Seattle, WA (November 16, 2023) - Rainier Partners, a private equity firm investing in lower middle-market services businesses, is pleased to announce its acquisition of Omega Fitness, a preeminent Anytime Fitness franchisee formed by the combination of businesses built by two franchise operators, Andy Gundlach and Russ Allen. Omega Fitness is the second largest Anytime… Read More
Seattle, WA (July 11, 2023) – Rainier Partners, a private equity firm investing in lower middle-market services businesses, is pleased to announce its investment in SCI Flooring (“SCI”), a leading full-service floor covering services provider serving property managers and owners across the Midwest with the opportunity to expand market share in a growing, fragmented industry…. Read More
