Health and Fitness Club Industry News: Chains
Monday, April 29th, 2024
Level 5 Capital Partners Acquires 112 Owned or Sub-Franchised Orangetheory Fitness Studios Across Michigan, Illinois, Utah and Missouri
Posted: December 10, 2021 in Chains
ATLANTA, GA - Level 5 Capital Partners ("Level 5" or "L5"), a leading consumer private equity firm, announced that its franchisee platform, L5 Fitness, has acquired a collection of 112 owned and sub-franchised Orangetheory Fitness studios. This acquisition marks an expansion and strengthening of the L5 Fitness platform in Michigan, Illinois, Utah and Missouri. Read More...
HGGC Completes Majority Investment in Planet Fitness Franchise Group PF Atlantic Holdings
Posted: November 18, 2021 in Chains
PALO ALTO, CA - HGGC, a leading middle market private equity firm, announced it has completed a majority investment in PF Atlantic Holdings, a top-15 franchisee within the Planet Fitness health club system. In conjunction with the investment, PF Atlantic Holdings is rebranding as Grand Fitness Partners. Co-founders CEO, David Bidwell, and COO, Scott Linsky, will continue to lead the business and retain a significant minority stake in the business alongside current investor Monogram Capital. Details of the private transaction were not disclosed. Read More...
Brightwood Capital Advisors Anchors Senior Secured Term Loan to Finance Acquisition of Longtime Portfolio Company ECP-PF Holdings Group
Posted: November 1, 2021 in Chains
NEW YORK, N.Y. - Brightwood Capital Advisors, a leading private credit firm focused on providing capital to growing North American middle-market businesses, announced that it supported the sale of portfolio company ECP-PF Holdings Group, one of the nation's largest Planet Fitness franchisees, to TowerBrook Capital Partners, an international investment management firm. ECP-PF has been a portfolio company of Brightwood since 2012 and has executed several transactions to support the company's growth from a founder-owned, 15-location startup to a 108-location leader in the fitness franchisee sector serving approximately 600,000 members in the United States and Canada. Read More...
ClubCorp Acquires National Golf Club of Kansas City and “the Deuce”
Posted: October 21, 2021 in Chains
KANSAS CITY, MO - ClubCorp officials announced it has acquired and will now own and operate the National Golf Club of Kansas City and the adjacent club, "the Deuce," building on the traditions established by the Illig and Patterson families while bringing ClubCorp’s unique ClubLife lifestyle experiences to the members both on and off the National Club’s legendary fairways. Read More...
Empire Portfolio Group Acquires 11 Orangetheory Fitness Studios Plus Area Development Rights in Northern Virginia and Washington, D.C.
Posted: September 21, 2021 in Chains
NEW YORK, N.Y. - Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory Fitness, the heart rate-based interval training fitness franchise, announced it has acquired eleven studios and the area development rights in Northern Virginia and Washington, D.C. The sellers include Alan Luchnick and Steve Kolakowski. This transaction marks Empire's fourth acquisition since partnering with Revelstoke Capital Partners ("Revelstoke") in December 2020 and strengthens Empire's position on the East Coast, which now includes a total of over 120 studios across nine states and Washington, D.C. Read More...
Empire Portfolio Group Acquires 10 Orangetheory Fitness Studios Plus Area Development Rights in Charlotte, North Carolina and Regions of South Carolina
Posted: September 1, 2021 in Chains
NEW YORK, N.Y. - Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory Fitness, the heart-rate based interval training fitness franchise, announced it has acquired ten studios and the area development rights in Charlotte, including parts of North Carolina and South Carolina. The sellers include Jay Thomas and Doug Birer. Read More...
Empire Portfolio Group, an Orangetheory Fitness Area Developer and Franchisee, Acquires Eight Studios in and the Area Development Rights to Maine, Vermont and New Hampshire
Posted: July 21, 2021 in Chains
NEW YORK, N.Y. - Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory Fitness, the heart-rate based interval training fitness franchise, announced it has acquired eight studios in Maine, Vermont and New Hampshire, along with the area development rights for those regions. This is Empire's second major acquisition this month, following its investment in four Connecticut studios earlier in July. With these acquisitions, Empire strengthens its ties to the New England and Mid-Atlantic regions with a total of more than 60 studios in Connecticut, New Jersey, New York, Maine, Vermont and New Hampshire. Read More...
Orangetheory Fitness Franchisee and Developer, Empire Portfolio Group, Acquires Four Studios in Connecticut
Posted: July 13, 2021 in Chains
NEW YORK, N.Y. - Empire Portfolio Group ("Empire"), a leading Area Developer and Franchisee of Orangetheory Fitness, the heart-rate based interval training fitness franchise, announced it has acquired four studios in Fairfield, Norwalk, Westport and Shelton, CT. With these Connecticut acquisitions, Empire strengthens its ties in the tri-state region with a total of more than 40 studios in Connecticut, New Jersey and New York. Read More...
Honors Holdings Bolsters Portfolio with Acquisition of 24 Orangetheory Fitness Studios
Posted: May 12, 2021 in Chains
ATLANTA, GA - Atlanta-based Honors Holdings, LLC (Honors), the world's largest franchisee of Orangetheory Fitness studios has acquired 24 studios across six states, including operations in Las Vegas, New York City and the Washington, D.C. metro area. With these acquisitions, Honors now owns and operates 102 studios in Georgia, Kansas, Massachusetts, Nevada, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia and Washington state. Read More...
Planet Fitness Franchisee National Fitness Partners Grows Footprint, Acquires 16 Clubs in Ohio and Pennsylvania
Posted: January 27, 2021 in Chains
CAMP HILL, PA, CHARLOTTE, N.C. and ATLANTA, GA - Planet Fitness franchisee National Fitness Partners (“NFP” or the “company”) has announced the acquisition of 16 Planet Fitness clubs, including 15 locations in the greater Cleveland and Akron-Canton, Ohio markets and one location in central Pennsylvania from two different sellers (the “transaction”). The transaction, which was financed with junior capital from funds managed by the Credit Group of Ares Management Corporation (“Ares”), strategically expands NFP’s growing footprint, which now includes 94 Planet Fitness clubs with exclusive rights to develop 40 plus additional clubs in Pennsylvania, Ohio, Delaware, North Carolina and South Carolina. Read More...
Genesis Health Clubs Acquires all Seven Locations of The Athletic Clubs
Posted: July 17, 2020 in Chains
WICHITA, KS - Fresh off its recent expansion in Des Moines, Iowa, Genesis Health Clubs announced the acquisition of all seven locations of The Athletic Clubs, formerly known as Prairie Life Fitness, across three states. Members of the former Athletic Club locations will gain immediate access to over 50 locations across six states, and Genesis members will gain access to the new clubs immediately. Read More...
RSG Group Set to Acquire Gold’s Gym
Posted: July 14, 2020 in Chains
BERLIN - RSG Group GmbH, one of Europe’s innovation leaders in the fitness and lifestyle sectors, was selected as the winning bidder in a court-approved auction process held on July 13, 2020, and is set to acquire one of the most well-known and iconic gym chain in the world, Gold’s Gym. With this acquisition, RSG Group, which has mainly been active in Europe up to now, will become a global leader in fitness with over 900 locations and will be represented on six continents. Read More...
Anytime Fitness Asia Acquired by Inspire Brands Asia Amidst COVID-19 Crisis
Posted: May 27, 2020 in Chains
SINGAPORE - Anytime Fitness Asia has been purchased by Inspire Brands Asia, a consortium of its top submaster franchisees in Malaysia, Philippines, and Singapore; lead investor Exacta Capital Partners; and co-investor Aura Group. The acquisition includes the Master Franchisee license in Singapore, Malaysia, Philippines, Indonesia, Thailand, Taiwan, Vietnam, Hong Kong and Macau, with over 350 locations sold and over 250 gyms opened. Read More...
Former Gold’s Gym Executive Turns Franchisee with Acquisition of 24 Company-Owned Locations
Posted: March 3, 2020 in Chains
DALLAS, TX - Gold's Gym, a trusted fitness authority, has announced that former Senior Vice President of Eastern U.S. Operations and longtime Washington D.C. resident, Matt Clifford, along with Gold's Gym corporate veterans, Brenda Jorgensen and Josh Fuglsby, has purchased the franchise rights to 24 company-owned gyms throughout the D.C. area. CFJ Holdings is the newest addition to the brand's portfolio of area franchisees, which now collectively covers more than 40 Gold's Gym locations across D.C., Maryland and Virginia. Read More...
Fitness Holdings Northeast Acquires Crunch Harrisburg
Posted: February 13, 2020 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 Fitness Harrisburg, in southern Pennsylvania. The acquisition closed in December 2019, bringing Fitness Holdings' total club count to 22, with over 100,000 members. Read More...
Honors Holdings, the Largest Franchisee of Orangetheory Fitness, Acquires Significant Operations in New England
Posted: January 8, 2020 in Chains
ATLANTA, GA - Honors Holdings, a leading global franchisee of Orangetheory Fitness, the heart-rate based interval training fitness franchise, has announced their expansion into the northeast United States with several recent acquisitions including 12 corporate-owned studios and area development rights for both Massachusetts and Rhode Island, as well as more than 20 sub-franchised locations. Terms were not disclosed. Read More...
Genesis Health Clubs Announces Milestone 50th Club with the Acquisition of Four Aspen Athletic Club Locations in Des Moines, Iowa, with More to Come
Posted: November 26, 2019 in Chains
DES MOINES, IA - Genesis Health Clubs Owner/President Rodney Steven II has announced that Genesis Health Clubs has acquired four Des Moines Aspen Athletic Clubs locations and plans to start a major remodeling project on the clubs. The acquisition of the Merle Hay, Hickman Road, SE 14th and West Glen locations brings the total count of Genesis Health Clubs locations to a milestone 50 locations. Read More...
Elite Sports Clubs Acquired by Peter Goldman of Lakeshore Sport & Fitness
Posted: November 22, 2019 in Chains
BROOKFIELD, WI - It has been announced that Elite Sports Clubs, with five locations in the greater Milwaukee area, is changing ownership. Elite Sports Clubs has been acquired by a group led by Peter Goldman, which currently owns Lakeshore Sport & Fitness, with two locations in Chicago, IL. Elite Sports Clubs was previously owned for over 30 years by Kay Yuspeh, who transformed the clubs and industry during her career. Read More...
EXOS Acquires Desert Institute of Physical Therapy
Posted: November 14, 2019 in Chains
PHOENIX, AZ - EXOS, a global leader in human performance headquartered in Phoenix, is expanding their reach in the Phoenix market by joining forces with Desert Institute of Physical Therapy.The current clinical staff will continue to provide physical therapy services to the community while benefiting from the extra support and resources that will come from becoming an EXOS Physical Therapy and Sports Medicine location. Read More...
ClubCorp Acquires Seven Golf and Country Clubs from Toll Golf
Posted: October 31, 2019 in Chains
DALLAS, TX - ClubCorp – The World Leader in Private Clubs – announces it has acquired seven premier lifestyle golf clubs in residential communities located on the East Coast from Toll Golf, the golf and country club division of Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes. The clubs, which offer a variety of lifestyle amenities such as upscale, resort-style golf, tennis, fitness, aquatics, sports and dining, include... Read More...
