Benzinga | Oct 6, 2021 01:03PM EDT

Club Pilates Signs Multi-Unit Franchisee Agreements With David Schuck

* Xponential Fitness Inc (NYSE:XPOF) brand Club Pilates has signed a multi-unit, multi-regional franchise agreement with entrepreneur and existing franchise owner David Schuck. The financial terms of the deal were not disclosed.

* The agreement will expand the Pilates brand's presence further in Houston, Dallas, and Central Florida.

* Under the deal, Schuck has acquired 13 open Club Pilates studios and licenses to open 16 additional studios.

* The deal brings Schuck's total number of open Club Pilates studios to 20. Schuck first signed a franchise agreement with Club Pilates in August 2016.

* Price Action: XPOF shares are trading lower by 3.03% at $12.5 on the last check Wednesday.