Smooth Fitness Halts Operations
The original Internet-only treadmill brand and company, Smooth Fitness, has shut down most of their operations pending a sale of the company. The company is no longer taking new orders and, according to customers, not providing warranty service.
The business was bought in late 2012 by the private equity firm Larsen McColl, but, according the Smooth President Rich Hebert, Larsen McColl has chosen not to invest more money in the company, despite its being profitable. Hebert says that Smooth is not filing for bankruptcy and is entertaining offers from qualified buyers.