Episode #549: Growing an Industry Newsletter-Ed Hertzman’s Path from Sourcing to Athletech News
HALO Talks: Elevating Wellness
Release Date: 05/13/2025
HALO Talks: Elevating Wellness
Every Wednesday we release our all new “HALO Academy: 2 Minute Financial Drill" by Integrity Square Founder & HALO Talks host, on everything you need to know for financial literacy, unit economics, legal documents used for M&A and capital raises, capital sources you can access, understanding how financings are structured, valuation metrics and parameters, and what you need to know about your own business before engaging in cap raises and/or a potential sale. If you missed our email about this, you can re-read it here: ...
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In this episode, host Pete Moore reconnects with longtime friend and fellow Emory University alum, Marcus Gordon. They dive into the significant evolution of endurance sports over the years, and the business opportunities surrounding the endurance athlete community. Marcus shares his journey from collegiate athlete and marketing professional to passionate triathlete and entrepreneur—highlighting the explosive growth in triathlons, marathons, and ultra events across the globe. Pete and Marcus chat about the gaps in the market for facilities catering specifically to endurance athletes, the...
info_outlineHALO Talks: Elevating Wellness
On today’s episode, host Pete Moore sits down with Emma and Ben Stallworthy, the husband and wife team behind the Melbourne-based, Your Reformer. With a foundation built on serial entrepreneurship and a huge passion for Pilates, Emma and Ben share their story from reviving a rundown health club to scaling a successful chain of gyms, and ultimately selling their business to a major player. They dive into the challenges of pivoting from brick-and-mortar to launching their own Pilates equipment and digital content venture, all while (trying!) to balance family life, married life, and staying...
info_outlineHALO Talks: Elevating Wellness
Every Wednesday we release our all new “HALO Academy: 2 Minute Financial Drill" by Integrity Square Founder & HALO Talks host, on everything you need to know for financial literacy, unit economics, legal documents used for M&A and capital raises, capital sources you can access, understanding how financings are structured, valuation metrics and parameters, and what you need to know about your own business before engaging in cap raises and/or a potential sale. If you missed our email about this, you can re-read it here: ...
info_outlineHALO Talks: Elevating Wellness
In today's episode, Integrity Square Founder Pete Moore dives into the roots and current landscape of private equity (PE) — and why it matters to literally 𝘦𝘷𝘦𝘳𝘺𝘰𝘯𝘦 in the HALO sector. Ignore at your own peril. • PE's Evolution: PE started when changes like the Prudent Man Act allowed institutions (think university endowments and pension funds) to invest in private companies. This ushered in a new era for higher-risk, higher-return investments. • The PE Playbook: Early pioneers like Kohlberg, Kravitz & Roberts (KKR) built the model we see today: Acquire...
info_outlineHALO Talks: Elevating Wellness
Every Wednesday we release our all new “HALO Academy: 2 Minute Financial Drill" by Integrity Square Founder & HALO Talks host, on everything you need to know for financial literacy, unit economics, legal documents used for M&A and capital raises, capital sources you can access, understanding how financings are structured, valuation metrics and parameters, and what you need to know about your own business before engaging in cap raises and/or a potential sale. If you missed our email about this, you can re-read it here: ...
info_outlineHALO Talks: Elevating Wellness
On this episode, host Pete Moore reconnects with Jaja Jackson, a longtime friend and fellow Harvard Business School alum, for a deep dive into the intersection of real estate, hospitality, and health. Jaja shares his path from developing homes and communities, to joining Airbnb in its pivotal years, where he helped bridge the gap between multifamily housing and the (then) cutting-edge world of home sharing. Now a leader at ICONIQ Capital, Jackson discusses how his team has reimagined multifamily properties to boost net operating income and create vibrant, HALO-focused communities. (Health,...
info_outlineHALO Talks: Elevating Wellness
𝗛𝗔𝗟𝗢 𝗧𝗮𝗹𝗸𝘀 𝙁𝘼𝙎𝙏𝘽𝙍𝙀𝘼𝙆-𝗔𝗱𝗱 𝗠𝗼𝗿𝗲 𝗖𝗹𝗮𝘀𝘀𝗲𝘀! 🚨 Calling all boutique fitness studio operators! 🚨 Managing Partner & Founder Pete Moore is back as "Dr. HALO", and this is a must-hear for anyone running a boutique fitness studio. He's not mincing words either: If you’re only running a few classes a day and wondering why you’re struggling, it’s time for you to look in the mirror. A few things: Increase Class Frequency Most boutique fitness studios simply aren’t offering enough...
info_outlineHALO Talks: Elevating Wellness
Kyria Sabin began her journey with Pilates in 1991 while living in Los Angeles and working as an art gallery director. Teaching Pilates was never part of her original path. However, her lifelong interest in fitness led her to eventually catch the bug for Pilates. After attending a workshop with renowned Pilates "Elder" Ron Fletcher, he encouraged her to teach the method, though she initially resisted. Despite her intentions to head to law school, Kyria’s passion for Pilates ultimately changed her trajectory, shaping her future as a leading educator in the field. Pete and Kyria continue on to...
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Attention Indie Operators: You Have 36 Months. . . :( Ya'll know Pete Moore as "Captain HALO!" But for this episode he's temporarily changing titles to "Dr. HALO" (!) because he has a prognosis and it's concerning. 🚨 Big Shifts Are Coming to the Health Club Industry! 🚨 Private equity isn’t just knocking on the door—it’s about to flood the health club market nationwide. As someone who’s helped close over 100 deals in the HALO space, he is encouraging all independent operators to get ready, not just for survival, but to thrive. Key takeaways for health club owners and...
info_outlineFor a number of years, Ed Hertzman found knee-deep in the middle of the supply chain/logistics world. At 26, he became frustrated by the confusion and lack of timely industry information available—where even a day’s delay in placing an order could mean higher costs—Ed recognized a gap: There was no "Wall Street Journal" for supply chain professionals! Driven by this, he started the Sourcing Journal to provide real-time news and insights for the supply chain and apparel industries. What started as a solution to his own frustrations quickly transformed into a substantial business, making waves in media and challenging more traditional trade publications.
Ed, now founder of Athletech News (ATN) realized the same need in the HALO space (Health, Active Lifestyle, Outdoors.) Host Pete Moore and Hertzman sat down and explored the dynamic intersection of fitness, technology, finance, and wellness. He opens up about the realities of entrepreneurship, the evolution from newsletter to nationwide events, and the importance of building a reputation before going big.
You’ll hear Ed’s candid thoughts on expanding the definition of the HALO sector—moving beyond just gyms to a broader world of health, active lifestyles, wellness, and recovery. Pete and Ed also discuss the need for more analytical reporting and data transparency around industry deals, and how their partnership aims to deliver the kind of financial insights and case studies that have long existed in other industries but are still missing in health and fitness.
Finally, this episode also offers a peek into ATN’s exciting upcoming event in New York—a high-caliber gathering inspired by the likes of "Davos and CES"—where collaboration, innovation, and strategic networking will take center stage. Whether you’re an operator, investor, vendor, or enthusiast, this episode is packed with insights on where the industry is headed, how to drive meaningful connections, and why now is an exciting time to be a part of the ever-evolving HALO sector.
Key themes discussed
- Transition from supply chain to the HALO media space
- Building and scaling a B2B media platform
- The power of niche, industry-focused events
- Importance of data-driven industry analysis
- More and more nontraditional players entering the HALO sector
- Challenges in sector terminology and defining “HALO”
- Fostering collaboration and innovation through quality events
A few key takeaways:
1. Spotting and Building in the White Space: Ed shared how his entrepreneurial journey started by identifying under-served sectors, first in supply chain media with Sourcing Journal and now in the HALO/tech space. His experience underscores the importance of finding those “white spaces” in industries—areas where communities need a voice, connection, and credible business news.
2. Slow, Strategic Growth Over Event Hype: Rather than rushing into high-profile events, Ed took a measured approach. He grew his audience steadily through newsletters before expanding into larger conferences, waiting until he had the connections and content quality to make a true impact. A key takeaway? Avoid the temptation to “call in favors too early,” and don’t over-promise before you can truly deliver.
3. Evolving Content for a Diverse Audience: Athletech News (ATN) started as a broad industry newsletter, but Ed also recognizes the need for more tailored communication—envisioning future newsletters and content streams focused specifically on CEOs, CTOs, franchisors, wellness executives, and more. As the industry’s definition of “wellness” has broadened, ATN is beginning to attract nontraditional players from hospitality, tech, finance, and beyond, reflecting the sector’s rapid evolution.
4. The Need for Data-Driven Analysis and Transparency: Hertzman also highlighted the lack of deep analysis regarding deals and trends in the sector—especially compared to more mature industries. He’s working to change that by forging partnerships with data companies and bringing real financial insight (such as deal structure and industry benchmarking) to subscribers. He and Pete also discussed the value of expert deal breakdowns and empircal, data-driven content as a differentiator for the forthcoming ATN 2025 Innovation Summit in June in NYC.
5. Reimagining Industry Events as Collaborative Think Tanks: Ed’s vision for future ATN events is ambitious: He wants to create a “Davos meets YPO meets Sun Valley” for the industry—a highly curated gathering where top CEOs, operators, founders, and even outside thought leaders come together to share, network, and get access to exclusive research and strategic insights. The focus is on intentional programming for different roles, experiential networking spaces, and using the event as the industry’s annual central hub for partnerships, trends, and discoveries.
Resources:
- Athletech News: https://athletechnews.com
- ATN 2025 Innovation Summit: https://atninnovationsummit-2025.vfairs.com
- Sourcing Journal: https://www.sourcingjournal.com
- Prospect Wizard: https://www.theprospectwizard.com
- Promotion Vault: http://www.promotionvault.com
- HigherDose: http://www.higherdose.com