Fitness Holdings Northeast Acquires Crunch York
Posted: April 29, 2019 in Chains
GREENWICH, CT – Fitness Holdings Northeast, LLC (“Fitness Holdings”), one of the leading franchise groups in the Crunch Fitness network, announced its acquisition of Crunch York, in southern Pennsylvania. In addition to this acquisition, Fitness Holdings has also formed a strategic development relationship with the ownership group CAS, led by Chad Smith, for the development of another 4-5 clubs. With this acquisition, Fitness Holdings now operates 19 clubs with 6-8 additional clubs expected this year.
“We are thrilled about acquiring one of the top-performing Crunch clubs and forming a strategic relationship with Chad Smith and his management team,” said Bob Cooke, CEO of Fitness Holdings. “This approach allows Fitness Holdings to have multiple development efforts simultaneously, thereby increasing our growth rate exponentially. Crunch is perfectly positioned to capture more market share and we are committed to achieving this growth through acquisitions as well as traditional organic development.”
“Our management team continues to execute our growth plan, with York representing our second acquisition in 14 months and several more to follow this year,” says Chairman Ray Bartoszek. “We are excited to welcome these new staff and members into our family and continue our commitment to providing a great Crunch experience.”