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Backers included Delos Capital and HRS Management, the family office of Apollo Management co-founder Joshua Harris. New Evolution Ventures has sold its interest in US Fitness as part of the transaction.
Led by Co-Chairmen Kirk and John Galiani and President John Cristiano, US Fitness operates such brands as 30 Onelife Fitness, 11 Sport & Health, and five Crunch Fitness locations.
The company will be opening six new clubs in 2018 in Maryland, Coastal Virginia, and Atlanta, and plans to add five to six clubs each year and 2,500 new jobs over the next five years. It will invest $50 million in club improvements, new equipment, and new clubs over the next two years.
US Fitness operates primarily under the Onelife Fitness brand, providing access to over 50,000 square feet of fitness equipment, group and personal training programs, full length pools, basketball courts, and spa facilities. Proprietary fitness offerings include Zone 4 Fitness, Explosive Performance, APEX, and BarreOne. The company also operates Sport & Health – health clubs with fitness facilities and day spas in the Washington, DC Metro Market – and is an area development franchisee of Crunch Fitness.
FinSMEs
29/05/2018