M&A
confidence high
sentiment neutral
materiality 0.75
FitLife Brands files financials for acquired Irwin Naturals supplement business; $42.5M deal closed Aug 8, 2025
FITLIFE BRANDS, INC.
- Total purchase price of $42.5M in cash; no earnouts or contingent consideration; acquired assets $50.8M, assumed liabilities $8.3M.
- Acquired business generated revenue of $67.9M in 2024 and $69.7M in 2023; excess of revenue over direct expense was $6.3M in 2024 vs. ($4.4M) in 2023.
- Provisional intangible assets of $31.8M: $25.5M for customer relationships and brands, $6.3M goodwill; subject to adjustment within one-year measurement period.
- Acquisition was approved by U.S. Bankruptcy Court for Central District of California under Section 363 of Bankruptcy Code.
- Pro forma condensed combined financial statements for FitLife and the acquired business as of June 30, 2025, and for FY2024 and H1 2025 are included.