06 Feb 2018 JD Gyms acquires Ben Dunne Gyms UK BYRob Gibson
The new acquisitions in Liverpool and Manchester mark the start of further expansion for JD Gyms this financial year photo: JD Gyms
The UK division of Ben Dunne Gyms has been acquired by JD Gyms in a multi-million-pound deal.
JD Gyms, part of JD Sports Fashion group, has closed the three sites for a full redesign, refurbishment and relaunch.
The sites – one in Manchester city centre and two are on the outskirts of Liverpool city centre – will reopen as JD Gyms from mid-February onwards.
“This exciting acquisition helps to fuel our wider growth plans,” said Alun Peacock, managing director of JD Gyms.
“Our first acquisition is a milestone in the development of the brand and we’re open to approaches from independent gyms or small chains that would help to further grow our expanding portfolio.”
Peacock first revealed the expansion plans in an interview with Health Club Management in August last year.
After strong organic growth in 2017, the acquisition will see JD Gyms reach 19 operational gyms by the end of Q1, with a further 10 sites legally committed to open within the 2018-19 financial year.
While the exact figure for the deal has not been disclosed, the low-cost operator will invest an average of £2m ($2.8m, €2.3m) on each fit-out.
The new gyms will each include a JD Burn area; cardio, strength and functional fitness equipment; a sprint and prowler track; and female and male saunas.
The Irish division of Ben Dunne Gyms will remain under Ben Dunne’s ownership.
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