STA-Swimming Teachers Association
STA-Swimming Teachers Association
STA-Swimming Teachers Association
Health Club Management

Health Club Management

Follow Health Club Management on Twitter Like Health Club Management on Facebook Join the discussion with Health Club Management on LinkedIn Follow Health Club Management on Instagram
UNITING THE WORLD OF FITNESS
Get the latest news, jobs and features in your inbox
Health Club Management

Health Club Management

News

Brunswick sells Life Fitness to KPS Capital Partners for US$490m

We will work closely with KPS to develop and execute a focused strategic plan
– Jason Worthy

Manufacturing conglomerate Brunswick Corporation is selling its entire fitness business to private equity firm KPS Capital Partners.

KPS – an investment firm which focuses on manufacturing and industrial companies across a number of industries – will acquire the entire Life Fitness estate, which includes five brands: Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick Billiards.

Under the agreement, approved by Brunswick's board of directors, KPS will pay US$490m (€437m, £374m) in cash to acquire the business and its brands.

The transaction is expected to close during the second quarter of 2019, following receipt of regulatory approvals.

The move comes just months after Brunswick announced plans to spin off its fitness business and to run the wellness brands under an independent, standalone, publicly traded company called FitnessCo. At the time, the company said the move would allow the new company to "better address evolving commercial fitness marketplace trends".

Commenting on the sale, Jason Worthy, president, Life Fitness, said: "We're excited about this incredible opportunity to collaborate with a firm with a tremendous track-record of working with similar companies.

"KPS recognises our world-class brand positioning, the value of our customer relationships, our iconic standing within the fitness industry, and our long-term earning potential.

"We will work closely with KPS to develop and execute a focused strategic plan centred around our mission to inspire healthier lives.

"We will build upon our long and successful history of product development and technology leadership, with the goal of providing the highest-quality solutions and services for a broad range of fitness facilities and fitness consumers."

The move is seen as a way for Brunswick to concentrate in the marine equipment business.

KPS' investments in leisure include TaylorMade Golf and North American Breweries.

Sign up for FREE ezines & magazines
Related news

Brunswick names Jason Worthy as president of fitness division ahead of spin-off

02 Nov 2018
US-based manufacturing conglomerate Brunswick has named Jason Worthy, vice president of Life Fitness, as president ...

Life Fitness adds to top team ahead of spin off from Brunswick

27 Apr 2018
Fitness equipment giant Life Fitness has made a trio of appointments as the business prepares ...

Brunswick reveals plans to spin off its US$1bn Life Fitness business

02 Mar 2018
US-based manufacturing conglomerate Brunswick has announced plans to spin off its fitness business, forming an ...

News

Female-friendly fitness operator Sweat! has closed its doors, just nine months after it revealed ambitious
Health and racquets club operator Life Time is entering the healthy living market with the
American venture capitalist and tech billionaire Tim Draper has joined the team of investors behind
Balance training is increasing in popularity among fitness operators and users. The emergence of balance
Indoor cycling giant Peloton has announced plans to enter the thriving German fitness market. The
High-end boxing gym brand BXR is looking to roll out an expansion of its Sweat
Fitness Compared
Fitness Compared
Myzone has expanded its product portfolio to include the MZ-Bodyscan, a new feature which offers
Sports psychologist Jeremy Snape and Olympic gold medallist Amy Williams are among the keynote speakers
The Co-operative Group (Co-op) will invest a "multi-million-pound" sum to help create a network of
A new collaboration between Sport England, think tank Demos and care and housing provider Anchor
Exercise has been shown to have a positive impact on people's mental health, but is
A survey of UK gym users has found that a third (34 per cent) of
US-based boutique fitness operator Solidcore has revealed plans for five new clubs the booming New
ukactive
ukactive
Hutchison Technologies have been creating outstanding experiences for their customers in the health and fitness
The UK health and fitness industry is healthier than it has ever been, according to
People eating ultra-processed foods ate more calories and gained more weight than when they ate
Wellness Week 2019 has kicked off in Romagna, Italy. The event will run from 17
Global Wellness Summit
Global Wellness Summit
1 - 15 of 10,932
Features
Active ageing
CIMSPA says there’s been a significant rise in the number of people with three or more health conditions from 1.9 million in 2008 to a predicted 2.9 million in 2018
Features
Innovation
Silicon Valley hacker Dave Asprey used his tech skills to gather the latest fitness kit to create a bio hacking boutique. Kath Hudson investigates cusapero
Features
Analysis
Features
Software
New technology is transforming the way the health and fitness industry functions and interacts with customers. Liz Terry catches up with operators around the industry for an update
Features
HCM Celebs
Being a touring musician can be tough on your wellbeing, so country music star, Tim McGraw, developed his own workouts to stay fit. Now he’s collaborating with Snap to launch a gym brand
Features
Strength
Do you need strength training kit that fits a smaller space? Julie Fisher takes a look at the options
Features
Research
New research from Deloitte China and IHRSA shows the market for health and fitness in India is starting to grow, as Kirsten Walsh reports
Features
Cycling
What does the big data around group cycling show? What’s hot, who’s most engaged and what’s up and coming for the year ahead?
Features
Research
Leisure-net’s annual Health and Fitness Omnibus Survey (HAFOS) is now in its 15th year. We talk to Leisure-net’s Mike Hill about what’s changed, and what hasn’t, since 2002
Features
Research
The fitness industry in China is growing fast according to The IHRSA Greater China Health Club Report, produced in November 2018 in collaboration with Deloitte China. Kristen Walsh reports
Features
Functional
Having good functional fitness is a lifetime requirement. We speak to operators taking functional fitness back to its roots to aid rehabilitation
Features
People
Ceilidh dancing is great; it’s full of fun and energy and after a night of it you leave happy, smiling and sweating
People
We noticed this gap in the UK market for a complete workout that invigorates the body while impacting the mind
People
Technogym has helped us ensure that every facility has the same selection of equipment. It’s part of the commitment we’ve made to deliver a top quality service for every community
People
I wanted to create a gym that was good enough for Anthony Joshua – that was the benchmark
People
So, the competition is now here… and who’s to say it always has to be at a premium price point? Why shouldn’t someone also come in with a cheaper at-home option?
People
The founders of F45 Training have done an incredible job building a global brand, and with this partnership, we hope to continue to disrupt the fitness industry
People
I need to keep strong for the rest of my life, ensuring my body can cope with everyday tasks in order to live with a degree of independence
People
We are mad and focused, loud and strategic, wild and global
People
The vision of a fitter planet is a very powerful one. It’s about our collective ability to look after our own wellbeing, which influences the wellbeing of our communities and our environment
People
Promotional Feature
Promotional feature
These new products offer the market a complete indoor cycling solution. We have indoor bikes that cover both home and commercial fitness sectors, and user groups from general health and fitness, to elite sport - Richard Baker, CEO, Wattbike
Job search
POST YOUR JOB
Featured supplier news
Featured supplier: The most versatile and space-efficient glute equipment in the market
Toned glutes for the perfect posterior are now high on the agenda for gym goers worldwide.
Featured supplier news
Featured supplier: FunXtion partners with Anytime Fitness to enhance their member experience
FunXtion, experts in interactive digital fitness, has been appointed by the world’s fastest growing fitness franchise, Anytime Fitness, to enhance member experience and engagement.
Opinion
promotion
Member retention is a growing problem for long-established gym chains, who are battling the growing budget and boutique gym market.
Opinion: Are you trying to beat budget gyms at their own game?
Video Gallery
DFC: We do more...
DFC
DFC are a leading direct debit collection company, providing cash flow solutions to happy clients from all over the UK. Read more
More videos:
Company profiles
Company profile: Dyaco UK Ltd
Dyaco UK Limited offers a versatile range of world-class commercial, medical and home fitness equipment ...
Company profiles
Company profile: DFC
DFC
At DFC, we offer totally transparent revenue management solutions with clear pricing and no hidden ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Skincare
Comfort Zone - Davines S.p.A: Skincare
Flooring
Total Vibration Solutions Ltd: Flooring
Spa software
ResortSuite: Spa software
Exercise equipment
Matrix Fitness: Exercise equipment
Audio visual
Hutchison Technologies: Audio visual
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Trade associations
International SPA Association - iSPA: Trade associations
Wearable technology solutions
MyZone: Wearable technology solutions
Governing body
EMD UK: Governing body
Fitness equipment
Physical Company Ltd: Fitness equipment
Property & Tenders
Will to Win
Property & Tenders
Savills
Property & Tenders
Diary dates
30 May 2019
Rimini Expo Centre, Rimini, Italy
Diary dates
30 May - 02 Jun 2019
Expo Centre & Riviera Di Rimini, Rimini, Italy
Diary dates
Search news & features:
Find a supplier:
STA-Swimming Teachers Association
STA-Swimming Teachers Association