 |
|
|
 |
08 Feb 2019
Fitness Connection acquired by private equity firm Roark Capital
BY
Tom Walker
|
Founded in 1999, Fitness Connection was one of the first low-cost operators in the US
US operator Fitness Connection, which has 41 health clubs across three states, has been acquired by private equity firm Roark Capital. The financial details of the deal – which sees Roark Capital take over a majority stake in the company from LNK Partners – were undisclosed.
Founded in 1999, Fitness Connection was one of the first low-cost operators in the US.
Offering full-service memberships for as low as US$10 per month, the company has gradually grown its club estate which now serves around 500,000 members.
“As we embark on the next phase of growth, we could not be more excited about having Roark as our partner to lend their guidance and expertise in multi-unit, consumer-facing investments," said Phil Howard, CEO of Fitness Connection.
"We look forward to working closely with the Roark team as we continue to execute our national growth strategy of making high value, affordable fitness accessible to all.”
Roark Capital focuses on investing in franchised and multi-unit businesses in the consumer and business services sectors.
 |
|
|
|
|
|
|
|
|
|
Connect with
World Leisure |
|
|
|
|
|
|
|
|
|
|
|
|
|
| News headlines |
|
|
 |
 |
|
12 May 2024
Planet Fitness has announced the repurchase of 314,000 shares at a rate of US$20 million. The Class A common stocks were repurchased and retired,
.... more>> |
|
|
|
 |
|
11 May 2024
Xponential Fitness today indefinitely suspended founder and CEO, Anthony Geisler, saying it had been notified on 7 May that the company is facing a
.... more>> |
|
|
|
 |
|
10 May 2024
The Ritz-Carlton Reynolds, Lake Oconee in the southeastern US state of Georgia is celebrating a new milestone after unveiling its newly renovated
.... more>> |
|
|
|
 |
|
09 May 2024
Fast Fitness Japan, master franchisee of Anytime Fitness in Japan, has acquired Eighty-8 Health & Fitness, giving the company master franchisee rights
.... more>> |
|
|
|
|
|
 |
|
| Company profile |
|
Life Fitness
The Life Fitness family of brands offers an unrivalled product portfolio, providing customers with access to tailored solutions they need to target every segment of the fitness market.
View full profile>> |
|
| Catalogue gallery |
|
|
| Featured Supplier |
|
 |
|
|
|
in this issue
• Virgin gets right to wipe out rent arrears
• Fitness industry mourns passing of Jan Spaticchia
• STA offers mindfulness resources
|
|
|
|
|
|
|
 |
| World Leisure jobs |
 |
Team Leader BSV
Salary: £26,175.00
Location: Basildon
Company: Everyone Active
|
|
|
|
|
|
| Diary dates |
|
| Powered
by leisurediary.com |
 |
|
13-16 May 2024
W3Spa EMEA
Conrad Chia Laguna Sardinia ,
Italy
|
|
|
|
|
