FitLife Brands, Inc. announced that it has entered into definitive documentation to acquire substantially all of the assets of Irwin Naturals and its related affiliates. This acquisition is set to approximately double the size of FitLife, with consolidated revenue for the combined business anticipated to exceed $120 million in the first full year of operation. The transaction, valued at $42.5 million, is an all-cash deal expected to be accretive to existing shareholders post-expense of transaction-related costs. The purchase will be funded through cash on hand, a new term loan, and an upsized $10 million revolving credit facility from First Citizens Bank. The closing of the transaction is expected on or about August 8, 2025.
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