Health and Fitness Club Industry News: Chains
Sunday, March 26th, 2023
Genesis Health Clubs Enters Louisville Market, Acquires Two Iconic Lousiville Tennis Institutions
Posted: February 28, 2023 in Chains
LOUISVILLE, KY - Genesis Health Clubs announces the acquisition of the Blairwood Tennis, Swim & Fitness Club and the Louisville Tennis Club, effective immediately. The clubs, now known as Genesis Health Clubs - Blairwood and Genesis Health Clubs - Louisville Tennis Club, represent the 62nd and 63rd clubs, and Kentucky is now the 8th state in which Genesis operates. Read More...
YouFit Gyms Announces Multimillion Dollar Investment Into Locations; Sells Texas Locations to Retro Fitness
Posted: January 12, 2023 in Chains
DEERFIELD BEACH, FL - YouFit Gyms, the popular nationwide fitness chain, announces its plans for a multimillion-dollar investment to further enhance their 70+ locations for their members. In addition to the investment YouFit Gyms is making, they recently agreed to sell the YouFit Gyms Texas locations to Retro Fitness. Read More...
Genesis Health Clubs Enters Orlando Market, Makes Major Acquisition
Posted: December 20, 2022 in Chains
ORLANDO, FL - Genesis Health Clubs and MVP Sports Clubs announce the sale of the RDV Sportsplex from MVP to Genesis. Since 1998, the 365,000-square-foot facility has served as one of the most unique and comprehensive multi-purpose health and athletic facilities in the country. The acquisition includes RDV Athletic Club, RDV Ice Den and onsite office spaces. Read More...
Crunch Fitness Sells Six Sacramento-Area Clubs to JEM Wellness Brands
Posted: December 19, 2022 in Chains
NEW YORK, N.Y. - Crunch Fitness announces the sale of six company-owned gyms across the Sacramento area to JEM Wellness Brands, a first-in-class health and wellness franchise concept operator. Club locations include Citrus Heights, Elk Grove, Folsom, Granite Bay, Howe Ave., and Rocklin, all of which are part of a significant commitment on behalf of JEM to develop and open 75 additional clubs by 2032. Read More...
New York Sports Club (NYSC) Announces the Acquisition of Fhitting Room
Posted: October 18, 2022 in Chains
NEW YORK, N.Y. - New York Sports Club ("NYSC" or the "Company") and its family of brands, one of the largest privately held fitness operators in the U.S., announces the acquisition of Fhitting Room, a leading NYC based boutique fitness brand. As part of the acquisition, Fhitting Room founder Kari Saitowitz, a prominent marketing executive and brand strategist whose held leadership roles at Pepsi and American Express, was named Chief Marketing & Creative Officer for NYSC. Read More...
Mayweather Boxing + Fitness Acquires KickHouse Franchise System
Posted: October 17, 2022 in Chains
DALLAS, TX - MW Fitness Holdings, LLC, the parent company of Mayweather Boxing + Fitness, announces it has acquired KickHouse Fitness, LLC, a leading kickboxing franchise system. The transaction combines the 65 current Mayweather Boxing + Fitness franchise locations with the 26 KickHouse franchise locations into a single group under MW Fitness Holdings, LLC, offering the opportunity to enhance franchisee systems and infrastructure across all areas of both businesses. Read More...
acac Timonium is Becoming Coppermine Fitness Beginning November 1, 2022
Posted: October 6, 2022 in Chains
TIMONIUM, MD - acac announces that beginning November 1, acac Timonium will be joining the Coppermine Fitness family. Coppermine has several facilities in and around Baltimore for active-lifestyle adults, youth sports and families, that include five fitness facilities and thirteen athletic programming facilities in the Maryland region. Read More...
Fitness Ventures LLC Acquires T&N Investments LLC and their Four Crunch Fitness Locations in Louisville Kentucky, Growing the Franchise to 35 Locations
Posted: October 4, 2022 in Chains
ORLANDO, FL - Fitness Ventures LLC, one of Crunch Fitness’ fastest growing franchisees, announces the acquisition of all four of the Louisville, Kentucky Crunch Fitness locations. The acquisition fast tracks Fitness Ventures already aggressive growth, with plans to open around 15 locations per year for the foreseeable future. Read More...
Planet Fitness Franchise Group, Excel Fitness, Acquires 14 Locations in Virginia and North Carolina From Local Franchisee
Posted: August 25, 2022 in Chains
VIRGINIA BEACH, VA - Excel Fitness, a franchisee of Planet Fitness, announces its acquisition of 14 Planet Fitness locations in the Hampton Roads region of Eastern Virginia from the KSMA group, owned and operated by husband-and-wife team Ken and Sharree Ryder, their son Michael Barnes and daughter Amanda Williamson. This deal brings Excel's club count to 107 and includes development rights to bring six more locations to the Virginia market over the next five years. Read More...
Sportime Clubs to Take Over Port Washington Tennis Academy
Posted: August 18, 2022 in Chains
LONG ISLAND, N.Y. - The famed Port Washington Tennis Academy (PWTA) on Long Island will soon be under new ownership and is being managed by Sportime. Hornig Capital Partners (HCP) has an agreement to purchase the iconic PWTA, with Sportime Clubs, LLC set to run the day-to-day operations of the club, as Sportime Port Washington, for a minimum of 25 years. Read More...
Sentinel Capital Partners Acquires Bandon Holdings
Posted: July 28, 2022 in Chains
NEW YORK, N.Y. - Sentinel Capital Partners, a private equity firm that invests in promising midmarket companies, announces its acquisition of Bandon Holdings, the largest franchisee in the Anytime Fitness family. Terms of the deal were not disclosed. Read More...
Altamont Capital Partners Exits Investment in Excel Fitness, a Leading Planet Fitness Franchisee
Posted: June 13, 2022 in Chains
PALO ALTO, CA - After six years of partnership with Excel Fitness, Altamont Capital Partners has exited its investment with a sale of the company to Olympus Partners. As part of that transaction, completed last month, Excel's management team and founders, along with Altamont, established a bonus pool that provided every employee at the company, more than 1,500 individuals, with a payment at closing, in recognition of their contributions. Read More...
CR Fitness Holdings Acquires Crunch Ballantyne in North Carolina and Crunch Frisco in Texas, Growing the Franchise to 40 Locations
Posted: June 1, 2022 in Chains
TAMPA, FL - CR Fitness, Crunch Fitness’ largest franchisee in the Southeast, announced the acquisition of Crunch Ballantyne in Charlotte, North Carolina and Crunch Frisco in Frisco, Texas. CR Fitness currently owns and operates 40 locations in Florida, Georgia, North Carolina and Texas. The company is owned by Vince Julien, Geoff Dyer, Tony Scrimale and Jeff Dotson, who together have more than 100 years of experience in the fitness industry. Read More...
Genesis Health Clubs Lands Exclusive Contract at the Villages, Florida and Acquires Two Clubs
Posted: May 31, 2022 in Chains
THE VILLAGES, FL - Genesis Health Clubs announce the purchase of the Spanish Springs and Brownwood locations of MVP Athletic Clubs in The Villages, Florida. Included in the deal were exclusive rights to be the sole health club provider for The Villages, paving the way for future expansion. Read More...
Genesis Health Clubs Acquires Two VASA Fitness Locations
Posted: May 9, 2022 in Chains
WICHITA, KS - Genesis Health Clubs has announced the purchase of both Wichita-area VASA Fitness locations. The move is the latest in a dramatic strengthening of the company’s footprint in and around its home base and corporate headquarters in Wichita after years of expansion in the surrounding cities and states. Read More...
Olympus Acquires Planet Fitness Franchisee, Excel Fitness’ 90 Locations Serving 750,000 Members
Posted: April 29, 2022 in Chains
STAMFORD, CT - Stamford, Connecticut-based private equity firm, Olympus Partners, has acquired Excel Fitness Holdings, LLC ("Excel"), a Planet Fitness franchisee serving six markets including Austin, Dallas Ft-Worth, Northwest Arkansas, Raleigh-Durham, Tulsa and Virginia. Excel Fitness is headquartered in Austin, Texas and operates over 90 Planet Fitness locations serving nearly 750,000 members at the time of acquisition. Read More...
Fitness Holdings LLC Announces Newest Crunch Acquisitions in Moorestown and Somerset, New Jersey
Posted: April 27, 2022 in Chains
MOORESTOWN and SOMERSET, N.J. - Fitness Holdings LLC has announced their acquisition of Crunch Moorestown and Crunch Somerset. Crunch Moorestown and Crunch Somerset are both spacious 25,000-square-foot fitness facilities in New Jersey, with state-of-the-art equipment and amenities. Both locations are owned by fitness industry veteran Mark Federico, Chief Executive Officer for Fitness Holdings Northeast, LLC. The acquisition of these two clubs is part of a larger plan to grow to 50 clubs in two years. Read More...
VillaSport Announces Acquisition of Axiom Fitness
Posted: April 4, 2022 in Chains
SAN RAFAEL, CA - VillaSport Athletic Club and Spa announces the acquisition of Axiom Fitness, a four-club fitness chain in Boise, Idaho. VillaSport has initiated a major expansion effort and continues to seek new locations in the greater Boise area and in its existing markets. The Axiom acquisition with VillaSport’s current portfolio of seven locations brings the total to 11 clubs across five states. Read More...
HGGC-Backed Grand Fitness Partners Grows with Acquisition of 13 Additional Planet Fitness Locations
Posted: January 13, 2022 in Chains
TOMS RIVER, N.J. - Grand Fitness Partners, one of the largest franchisees within the Planet Fitness system, announces that it has acquired a portfolio of 13 Planet Fitness locations across Virginia from the Asbell Group. The acquisition follows an investment in Grand Fitness by HGGC, a leading middle market private equity firm, in November 2021. Financial terms of the transaction were not disclosed. Read More...
Planet Fitness, Inc. to Acquire 114 Locations From One of its Top Franchisees, Sunshine Fitness Growth Holdings, LLC.
Posted: January 11, 2022 in Chains
HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers with more members than any other fitness brand, announced it has signed a definitive agreement to acquire Sunshine Fitness Growth Holdings, LLC ("Sunshine Fitness"), a leading owner and operator of more than 100 Planet Fitness clubs in the Southeast United States in a cash and stock transaction valued at $800 million. Read More...
