Posts Tagged: "Dennis Lee"

Nautilus acquires Octane Fitness for $115 Million

North Castle Partners announced the sale of Octane Fitness, LLC, a leading manufacturer of zero-impact cardiovascular fitness equipment, to Nautilus, Inc. (NYSE: NLS) for a purchase price of $115 million. Those familiar with the patent industry will readily recognize the name Octane Fitness. It was Octane Fitness, the much smaller company that successfully sued and prevailed in a patent infringement lawsuit against ICON Health & Fitness. The case would go all the way to the United States Supreme Court on the issue of attorneys’ fees.