Some traditional gyms, such as Gold’s and 24-Hour Fitness, couldn’t weather the Covid-19 pandemic’s forced closures and lost revenue, and recently filed for bankruptcy. On the other end of the spectrum, is phenom F45 Training, a provider of group fitness classes backed by Mark Wahlberg, which, in industry-shaking news, recently announced its acquisition by Crescent Acquisition Corp, making F45 the first publicly traded boutique fitness studio.

F45 is one of the fastest-growing fitness franchisors in the world with more than 1,900 franchises sold in over 50 countries, and the merger will accelerate F45’s continued global expansion, driven by its highly attractive and scalable franchise model, technology-enabled platform and optimized studio design. In the merger, which is expected in the third quarter of 2020, the combined company will retain the F45 Training Holdings Inc. name and will trade on the NASDAQ exchange.