On June 15, 2016 Genesis Health Clubs acquired 19 clubs from 24 Hour Fitness for an undisclosed amount. With these additions, Genesis is now one of the largest health club companies in the Midwest. Included in the transaction with 24 Hour Fitness, were 8 clubs in the Kansas City metro area, 5 clubs in the Omaha metro area, 4 clubs in St. Louis and 2 clubs in Oklahoma City.
In a separate transaction with Gold’s Gym, Genesis sold the St. Louis and Oklahoma City locations, and acquired six additional locations from Gold’s Gym. This included 2 gyms in Omaha, 2 in Lincoln, Nebraska, and 2 in Tulsa, Oklahoma.
These acquisitions come following a number of other key acquisitions that Genesis Health Clubs has made over the past few years. In early 2016, Genesis acquired 4 clubs from Gold’s Gym. Late in 2015 it acquired the Midtown Athletic Club in Overland Park and converted it to a Genesis club.
This growth is in addition to the acquisitions that doubled the size of Genesis Health Clubs between 2011 through 2014 with its purchase of Maximus Fitness in Lawrence, Leavenworth and Topeka; Ozark Fitness in Springfield; and MAX Fitness in Manhattan.Read More
Gold’s Gym Acquires Six 24 Hour Fitness Locations in St. Louis and Oklahoma City
Gold’s Gym has agreed to acquire all of the 24 Hour Fitness locations in the St. Louis and Oklahoma City metro areas. As part of the deal, the six 24 Hour Fitness locations will be rebranded under the Gold’s Gym name, making Gold’s Gym the market leader in these cities with 10 locations in Oklahoma City and 11 locations in St. Louis.
All of the existing 24 Hour Fitness memberships will be honored at the new Gold’s Gym locations without any interruption to current members and the clubs will remain open throughout the conversion. Members will also be given the ability to access the Gold’s Gym network of more than 700 locations in 37 states and 23 countries.
“We are thrilled to welcome these 24 Hour Fitness clubs and their members into the Gold’s Gym family, and we are dedicated to making the transition as easy as possible,” said Gold’s Gym CEO Brandon Bean. “We have a great community of members at our existing Gold’s Gym locations in both St. Louis and Oklahoma City, and we’re excited to expand to help even more people achieve their potential through fitness with new members and associates joining us from 24 Hour Fitness.”
Johnson Health Tech Acquires Leisure Fitness
Johnson Health Tech (JHT) announced that it will purchase Leisure Fitness, a Newark, Delaware-based specialty fitness retailer with 27 stores, primarily on the Eastern coast. JHT is one of the world’s largest fitness equipment manufacturers and retailers, with brands like Matrix, Vision and Horizon.
According to Nathan Pyles, President of Johnson Health Tech North America (JHTNA), “Together, Johnson Health Tech and Leisure Fitness will continue to grow and shape specialty retail. With the addition of Leisure Fitness, JHTNA will have almost 100 specialty fitness retail locations in the United States. That distribution network, combined with the product design, engineering and manufacturing excellence of our global organization, gives us a unique opportunity to fuel continued growth.”
With this acquisition, JHT, which is already the world’s largest specialty fitness retailer, will have 315 retail locations worldwide. Leisure Fitness will be merged into the existing JHTNA retail group and Leisure Fitness’s management team is expected to continue to work for JHT.
In the press release Paul Bastianelli, CEO of Leisure Fitness said, “We’re proud to be part of an organization like Johnson Health Tech that continues to invest in specialty retail. Like Leisure Fitness, JHT believes in investing in great people that can deliver outstanding customer experiences. With our shared vision and customer commitment, we’ll continue to help grow specialty fitness.”
“Leisure Fitness brings an organization with strong and diverse resources to JHTNA. We’re excited to welcome them to our team,” said Bob Zande, CFO/COO of JHTNA. “With Leisure’s strong East Coast presence, we’ll be able to further enhance our service levels and distribution in that region.”Read More