GI Partners has closed its previously announced acquisition of a majority stake in Birmingham, Alabama-based Daxko, a provider of SaaS solutions to health and wellness organizations. No financial terms were disclosed.

PRESS RELEASE

SAN FRANCISCO, Sept. 22, 2016 /PRNewswire/ — GI Partners, a leading middle market private equity firm, announced today that it has completed the previously announced majority investment in Daxko, the leading provider of SaaS solutions to member-based health and wellness organizations in North America.

Headquartered in Birmingham, AL and founded in 1998, Daxko provides SaaS solutions to organizations including YMCA/YWCAs, JCCs, health clubs, wellness centers and recreation facilities. The Company’s products help more than 1,200 organizations manage their scheduling and daily operations, member management and engagement, accounting, event registration, payment services, and mobile applications.

About Daxko
Headquartered in Birmingham, Alabama, Daxko is a leading provider of mission-critical software solutions to member-based health and wellness organizations. Daxko’s solutions help customers achieve high levels of operational efficiency, strong fiscal management, and increasingly engage the community to expand their mission. Daxko employs 195 team members across the Southeast. For additional information, please visit www.daxko.com.

About GI Partners
Founded in 2001, GI Partners is a leading middle market private equity firm based in San Francisco. The firm currently manages over $12 billion in capital commitments through private equity and real estate strategies for recognized institutional investors across the globe. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.