Health and Fitness Club Industry News: Chains
Thursday, December 5th, 2024
Blink Fitness Receives Court Approval for Sale
Posted: November 13, 2024 in Chains
NEW YORK, N.Y. - Blink Fitness ("Blink" or the "Company"), the affordable fitness brand known for its commitment to an inclusive and inviting environment, announces that the U.S. Bankruptcy Court has approved the sale of Blink's corporate operations and New York and New Jersey locations to PureGym. On November 7, 2024, the Court also approved the sale of Blink's Chicago, Houston, and California locations to an affiliate of JTRE Holdings LLC ("JTRE"). Read More...
Blink Fitness Announces Outcome of Auction
Posted: October 31, 2024 in Chains
NEW YORK, N.Y. - Blink Fitness ("Blink" or the "Company"), the affordable fitness brand known for its commitment to an inclusive and inviting environment, announces that PureGym has been selected as a winning bidder for a substantial portion of the Company's assets following an auction pursuant to the Company's court-supervised sale process. PureGym, a leading global gym operator, will acquire Blink's corporate operations and a substantial portion of Blink's locations, with a focus on New York and New Jersey. Read More...
HealthFitness Acquires Corporate Fitness Works
Posted: October 31, 2024 in Chains
LAKE FOREST, IL - HealthFitness, a Trustmark company and comprehensive provider of fitness, wellness and injury prevention programs, announces it has acquired Corporate Fitness Works, an industry leader in delivering custom onsite and virtual fitness management solutions. Corporate Fitness Works (CFW) manages 70 corporate fitness centers across 23 states, offering a wide variety of in-person and virtual services. Following the transaction, HealthFitness will serve over 200 clients at more than 360 sites nationwide. Read More...
World Gym International Acquired by World Gym Taiwan, Largest Franchisee in the World Gym Network
Posted: October 29, 2024 in Chains
LOS ANGELES, CA - World Gym International, the iconic global fitness brand, has been acquired by World Fitness Services, Ltd (“WFS”), the parent company of World Gym Taiwan, a publicly listed company (Taiwan Stock Exchange) and the largest franchisee in the World Gym network. WFS owns and operates 130 World Gym fitness centers in Taiwan, demonstrating its deep understanding of the brand and commitment to fitness excellence. Read More...
L Catterton to Acquire Majority Stake in [solidcore]
Posted: October 2, 2024 in Chains
GREENWICH, CT - L Catterton, a leading global consumer-focused investment firm, announces it has signed a definitive agreement to acquire a majority stake in [solidcore] from VMG Partners, Kohlberg & Company and Peterson Partners. Read More...
Easy Mile Fitness Acquires Nine Planet Fitness Locations in Oregon
Posted: September 17, 2024 in Chains
BOSTON, MA - Easy Mile Fitness, a privately held Planet Fitness franchisee, has announced it has acquired nine Planet Fitness locations in Oregon from the Lubrano Franchise Group (OKTA Holdings). The new territory marks Easy Mile Fitness' entry into the west coast market. The nine Planet Fitness locations are located in the fast-growing market of Portland and Eugene, Oregon. Read More...
Blink Fitness Signs Asset Purchase Agreement with PureGym
Posted: September 10, 2024 in Chains
NEW YORK, N.Y. - Blink Fitness ("Blink" or the "Company"), the affordable fitness brand known for its commitment to an inclusive and inviting environment, announces it has reached an agreement with Pinnacle US Holdings, a subsidiary of PureGym Ltd. ("PureGym") and a leading global gym operator, to acquire Blink's corporate operations and a substantial portion of Blink's locations, with a focus on New York and New Jersey. The agreement is subject to court approval and gives PureGym 'stalking horse' status ahead of an auction, scheduled to take place on October 28 if competing bids are received. Read More...
Meaningful Partners Acquires Fitness Ventures, the Second Largest Crunch Fitness Franchisee
Posted: August 21, 2024 in Chains
LOS ANGELES, CA and AUSTIN, TX - Meaningful Partners, LLC announces the closing of its acquisition of Fitness Ventures, LLC, the second largest Crunch Fitness franchisee. Founded by CEO Brian Hibbard in 2016, Fitness Ventures is a leading health and wellness platform that currently owns and operates 47 locations with rights to develop clubs in multiple geographies across the United States. Read More...
Fitness International Acquires XSport Fitness, Expanding Presence in Chicagoland, New York and Virginia Markets
Posted: July 16, 2024 in Chains
IRVINE, CA - Fitness International, LLC, operator of LA Fitness, Esporta Fitness, City Sports Club and Club Studio brands, announces its acquisition of XSport Fitness, marking a significant expansion of Fitness International's offerings in the Chicagoland, New York and Virginia markets. In keeping with its mission to provide quality fitness experiences to its members, Fitness International plans to invest in and enhance these new locations, rebranding under one of its four brand names. Read More...
Genesis Health Clubs Acquires Both Locations of Saw Mill Club
Posted: May 23, 2024 in Chains
MT. KISCO, N.Y. - Genesis Health Clubs announces the acquisition of both locations of Saw Mill Club, effective immediately. The clubs, now known as Genesis Health Clubs – Saw Mill Club, and Genesis Health Clubs – Saw Mill Club East, represent the 71st and 72nd clubs in the ever-growing Genesis portfolio and the first in New York, its 11th state. Read More...
CDM Fitness Holdings Grows Pacific Northwest Footprint with Purchase of Seven Tacoma-Area Planet Fitness Clubs
Posted: March 12, 2024 in Chains
KENT, WA - CDM Fitness Holdings (CDM), an SBJ Capital portfolio company [based in Foxborough, MA, with an office in Kent, WA] and one of the largest developers and operators of fitness clubs under the Planet Fitness brand, announces the purchase of seven Tacoma, Washington-area Planet Fitness clubs from Jeg Viper LLC of Philadelphia. The properties total nearly 162,000 square feet. This transaction (which did not involve brokers) grants CDM the rights to build and operate additional clubs in the Tacoma area. Read More...
9Round Kickboxing Expands Reach with Acquisition of iLoveKickboxing
Posted: March 6, 2024 in Chains
GREENVILLE, S.C. - 9Round Kickboxing Fitness, the world's largest kickboxing franchise, announces its recent acquisition of iLoveKickboxing (ILKB), a prominent kickboxing fitness franchise. This strategic move positions 9Round as the sole proprietor of all 56 ILKB franchise locations across the United States and Canada. Read More...
Orangetheory Fitness and Self Esteem Brands Announce Intent to Merge as Equals, Creating a New Company Representing One of the Largest Footprints of Fitness, Health and Wellness Services
Posted: February 29, 2024 in Chains
BOCA RATON, FL and WOODBURY, MN - Orangetheory Fitness, a leader in heart rate-based interval training, and Self Esteem Brands, a leading portfolio of purpose-driven health and personal care franchise brands, have announced an intent to merge as equals in an all-stock transaction, forming a new company with one of the largest footprints of fitness, health and wellness services in the world. Read More...
In-Shape Family Fitness Acquires National Fitness Center
Posted: December 18, 2023 in Chains
SACRAMENTO, CA - In-Shape Family Fitness (In-Shape) announces the acquisition of Knoxville, Tennessee-based National Fitness Center, marking a significant move to grow its fitness industry footprint. This acquisition marks another major fitness addition, and the first in Tennessee, to In-Shape’s progression. The team at In-Shape Family Fitness, together with the team at National Fitness Center, will now operate 70 clubs in California and Tennessee and is poised for continued growth. Read More...
Bay Club Acquires PRO Club in Pacific Northwest Expansion Continuing Growth Along the West Coast
Posted: December 4, 2023 in Chains
SAN FRANCISCO, CA - The Bay Club Company ("Bay Club") announces the acquisition of PRO Club Inc., owners/operators of the renowned health and wellness facilities in Seattle, marking a significant milestone in the company’s growth in the Pacific Northwest. Bay Club’s acquisition of the two PRO Club locations marks the company’s third major acquisition in just three months and further ignites their strategic expansion along the West Coast. Bay Club now boasts 26 locations including 10 Campuses from Seattle to San Diego. With a projected membership exceeding 135,000 and a workforce of over 4,000 employees, the company is poised for ongoing, sustainable growth, with more acquisitions coming in 2024. Read More...
Largest Private Fitness Provider Nationally Moves into Evansville, Indiana
Posted: November 30, 2023 in Chains
EVANSVILLE, IN - Genesis Health Clubs announces the acquisition of Tri-State Athletic Club, effective immediately. The club, now known as Genesis Health Clubs – Tri-State Athletic Club, represents the 66th in the ever-growing Genesis portfolio, and the first in Indiana. Read More...
EōS Fitness Acquires Fitness Club in Silverado
Posted: November 22, 2023 in Chains
PHOENIX, AZ - EōS Fitness, a national fitness brand rapidly expanding to empower and grow a community of exercise practitioners of all experience levels, acquired UFC Fit Silverado, an MMA-inspired fitness facility in Las Vegas, Nevada, continuing EōS’ ongoing investment and commitment to upgrading the Las Vegas Valley fitness scene. Read More...
Largest Private Fitness Provider Nationally Acquires Iconic Lexington Facility
Posted: November 9, 2023 in Chains
LOUISVILLE, KY - Genesis Health Clubs announces the acquisition of Lexington Tennis Club, effective immediately. The club, now known as Genesis Health Clubs - Lexington Tennis Club, represents the 66th in the ever-growing Genesis portfolio, and the third in Kentucky. Read More...
Life Time to Acquire Arden Hills Athletic & Social Club Property in Sacramento in Early 2024
Posted: October 13, 2023 in Chains
SACRAMENTO, CA - Life Time (NYSE: LTH), one of the nation's premier healthy lifestyle brands, and Arden Hills Athletic & Social Club located in Sacramento, California, announces the closure of Arden Hills as of December 31, 2023, and Life Time's acquisition of the property with an early 2024 reopening as Life Time Arden. Details of the transaction were not disclosed. Read More...
Bay Club Acquires Key Sports Resort in Marin County Continuing Their Ongoing Bay Area Growth Strategy
Posted: October 9, 2023 in Chains
SAN FRANCISCO, CA - The Bay Club Company (“Bay Club”) took another step forward in its ongoing growth in the Bay Area, announcing the acquisition of Rolling Hills Club (“Rolling Hills”). Rolling Hills joins Bay Club’s Marin County Campus, which includes three additional properties. The acquisition of Rolling Hills 8-acre swim and tennis club located in Novato at the foothills of Mt. Burdel brings even more diversity to Bay Club’s Marin Campus. Read More...
