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NEWS
Town Sports International acquires Total Woman Gym and Spa chain
POSTED 26 Feb 2018 . BY Tom Walker
All 12 clubs acquired by Town Sports will continue to operate under the Total Woman brand
New York-based holding company Town Sports International has expanded its portfolio of fitness chains by acquiring the Total Woman Gym and Spa business.

The deal, for an undisclosed sum, will see Town Sports take control of all 12 clubs owned and operated by California-based Total Woman, which was founded in 1965 by Art and Adrienne Stone.

All 12 clubs will continue to operate under the Total Woman brand.

"The opportunity to expand into California with a well-known brand was an easy decision," said Patrick Walsh, Town Sports chair and CEO.

The acquisition comes less than two years after Town Sports purchased the women-only Lucille Roberts Health Clubs and its 16 sites.

Following the Total Woman deal, Town Sports is inching closer to having a total of 200 sites.

The company listed on the NASDAQ in 2007, in an initial public offering which generated US$116m (£64m).

Its current portfolio is concentrated on the east coast of the US and includes 101 New York Sports Club-branded sites in New York and another 28 Boston Sports Clubs in Boston. Outside the US, the group owns three clubs in Switzerland.
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Town Sports International Holdings Inc. (TSI) – which operates 145 fitness clubs in the US and Switzerland – has begun trading on the Nasdaq exchange, generating proceeds of US$116m (£64m).
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Jobs    News   Products   Magazine
NEWS
Town Sports International acquires Total Woman Gym and Spa chain
POSTED 26 Feb 2018 . BY Tom Walker
All 12 clubs acquired by Town Sports will continue to operate under the Total Woman brand
New York-based holding company Town Sports International has expanded its portfolio of fitness chains by acquiring the Total Woman Gym and Spa business.

The deal, for an undisclosed sum, will see Town Sports take control of all 12 clubs owned and operated by California-based Total Woman, which was founded in 1965 by Art and Adrienne Stone.

All 12 clubs will continue to operate under the Total Woman brand.

"The opportunity to expand into California with a well-known brand was an easy decision," said Patrick Walsh, Town Sports chair and CEO.

The acquisition comes less than two years after Town Sports purchased the women-only Lucille Roberts Health Clubs and its 16 sites.

Following the Total Woman deal, Town Sports is inching closer to having a total of 200 sites.

The company listed on the NASDAQ in 2007, in an initial public offering which generated US$116m (£64m).

Its current portfolio is concentrated on the east coast of the US and includes 101 New York Sports Club-branded sites in New York and another 28 Boston Sports Clubs in Boston. Outside the US, the group owns three clubs in Switzerland.
RELATED STORIES
Private company to operate Boston facilities


Boston Borough Council has announced that it has approved plans to transfer the management of two town sports centres to a private operator in a move to reduce costs.
$116m raised in Town Sports’ IPO


Town Sports International Holdings Inc. (TSI) – which operates 145 fitness clubs in the US and Switzerland – has begun trading on the Nasdaq exchange, generating proceeds of US$116m (£64m).
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Treningshelse Holding snaps up another Norwegian fitness chain as it sets its sight on market leadership
Norwegian health club operator, Treningshelse Holding, which owns the Aktiv365 and Family Sports Club fitness chains, has acquired fellow Norwegian operator, Aktiv Trening.
Missed FIBO? Catch up with the HCM roundup
The HCM team were busy at the recent FIBO Global Fitness event in Cologne, Germany, distributing a special FIBO edition of HCM in support of the event as its global media partner.
Xplor kicks off international expansion for its Mariana Tek software with 1Rebel deal
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US named world’s largest wellness economy, reaching US$1.8 trillion valuation
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Panatta to showcase innovation at major fitness and bodybuilding events in 2024
Panatta will consolidate its global presence throughout 2024 by attending a host of major industry events around the globe. [more...]

Sibec EMEA to blend fitness with luxury at Fairmont Monte Carlo
Experience the pinnacle of fitness and luxury at the premier industry event, Sibec EMEA, set against the breathtaking backdrop of the Fairmont Monte Carlo this Autumn. [more...]
+ More featured suppliers  
COMPANY PROFILES
Perfect Gym Solutions S.A.

Perfect Gym is a global software provider specialising in fitness and recreation facility management [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

21-21 Apr 2024

Below the Belt Melbourne Pedalthon

Sandown Racecourse , Springvale , Australia
22-24 Apr 2024

UK Aufguss Championships

Galgorm Resort, York,
+ More diary  
 


ADVERTISE . CONTACT US

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Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
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