Les Mills
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Health Club Management

Health Club Management

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Health Club Management

Health Club Management

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Fitness Connection acquired by private equity firm Roark Capital

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.

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Features
EHFF 2019
The sixth European Health & Fitness Forum (EHFF), will take place on 3 April 2019 in Cologne, Germany, the day before the start of FIBO. HCM gives a sneak preview
Features
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We look at the current group exercise landscape and ask what’s likely to be trending in the year ahead, as well as tactics club operators can use to improve their results
Features
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People
A couple of years ago, I attended a women’s leadership summit at IHRSA. I really enjoyed being in a room with female business leaders and left inspired to do more of that kind of activity, but couldn’t find an outlet
People
It would be suicidal to start from scratch today, in this hyper-competitive industry, but back in 1985, people flocked to us. All we heard was: ‘A health club? Oh my gosh, what’s that?
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The new FIBO CAMPUS will have 13 themed sessions, ranging from fitness and health through personnel management to digitisation, offering a line-up for visitors – be they gym operators, physiotherapists or trainers
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I don’t think there’s a better way to shred fat and build definition than via group exercise kickboxing/boxing and more importantly, it’s flat-out super fun
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We’re seeing more big box gyms opening boutique-style offerings within their clubs. The question is, can they be good at delivering one thing when they have all the other gym operations to deliver? Because let’s be honest – if they can do that, our concept is in trouble!
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As an operator, you need to pick your price point and do what you can for that, but do it really well. We have great quality facilities, but what we offer isn’t luxury
People
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Diary dates
27-28 Feb 2019
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Les Mills
Les Mills