Pilates-inspired fitness studio chain · 161+ locations · US: 30+ states
Solidcore changed PE hands twice in a single year: founder Anne Mahlum sold for $88.4M in April 2024, then a second firm took over that September. Instructors average about $40K a year on per-class pay that skips training time.
The Big Picture
Solidcore has had two PE owners in a single year: founder Anne Mahlum sold everything to Kohlberg & Company for $88.4 million in April 2024, and L Catterton took majority control that September at a $600–700 million valuation backed by a $325 million credit facility. Instructors average about $40K a year on a per-class pay model that doesn't compensate training or setup time. The company answers to L Catterton and a 250-studio growth target.
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Company data last updated July 2026
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