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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

features

HCM celebrates: Augie Nieto

The Life Fitness entrepreneur and ALS charity fundraiser is returning to the business that made his name

Published in Health Club Management 2019 issue 8
Augie and Lynne Nieto founded Augie’s Quest to find a cure for ALS / PHOTO: ©Lynne Nieto
Augie and Lynne Nieto founded Augie’s Quest to find a cure for ALS / PHOTO: ©Lynne Nieto

This issue of HCM we celebrate the return of industry legend Augie Nieto to Life Fitness. Nieto served as president from 1977 to 2000 and helped transform the company from a single-product business to one of the world’s largest commercial fitness equipment suppliers.

Nieto’s diagnosis with ALS in 2005 and subsequent battle with the disease is well documented, as is his contribution to a cure, which saw him establish a global charity, Augie’s Quest, with his wife, Lynne.

So far, the organisation has raised over US$75m towards research into a cure and Nieto’s strength, resolve and bravery in battling the disease has won him the respect of the industry and the wider business community.

Life Fitness says Nieto will return as a co-investor in the business and will also be appointed to its board of directors.

The move follows the acquisition of the company by KPS Capital Partners in July, which has been followed by a shake up of the management team and board.

New beginnings
Life Fitness was valued at US$490m (€434m, £388m) at the time of the deal, which was below its previous valuation and the new owners are moving to drive business growth.

Jay Bernstein, partner at KPS said, “We’re thrilled to bring Augie back as an investor and a strategic partner. We’re confident that his experience and vision will help Life Fitness drive forward its legacy of being a strong, focused, and innovative global market leader.”

Life Fitness has also appointed Chris Clawson as its CEO, succeeding the outgoing Jason Worthy.

The company’s family of fitness brands includes Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group and SCIFIT – all brought into the group by acquisition.

As Life Fitness has not yet optimised these investments, it will be interesting to see how strategy develops going forward under the new leadership and with Nieto back on the team.

Nieto has held numerous other non-exec and advisory roles and currently serves as an operating advisor to North Castle Partners while being on the board of Curves, Jenny Craig and Hydromassage.

You can donate to Augie’s Quest at: https://augiesquest.org

http://www.leisureopportunities.com/images/imagesX/136977_39506.jpg
Industry legend and charity fundraiser Augie Nieto is returning as a co-investor and board member to Life Fitness, where he served as president from 1977 to 2000
Augie Nieto, Life Fitness, ALS Charity Fundraiser,North Castle Partners, Curves, Jenny Craig, Hydromassage, fitness
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features

HCM celebrates: Augie Nieto

The Life Fitness entrepreneur and ALS charity fundraiser is returning to the business that made his name

Published in Health Club Management 2019 issue 8
Augie and Lynne Nieto founded Augie’s Quest to find a cure for ALS / PHOTO: ©Lynne Nieto
Augie and Lynne Nieto founded Augie’s Quest to find a cure for ALS / PHOTO: ©Lynne Nieto

This issue of HCM we celebrate the return of industry legend Augie Nieto to Life Fitness. Nieto served as president from 1977 to 2000 and helped transform the company from a single-product business to one of the world’s largest commercial fitness equipment suppliers.

Nieto’s diagnosis with ALS in 2005 and subsequent battle with the disease is well documented, as is his contribution to a cure, which saw him establish a global charity, Augie’s Quest, with his wife, Lynne.

So far, the organisation has raised over US$75m towards research into a cure and Nieto’s strength, resolve and bravery in battling the disease has won him the respect of the industry and the wider business community.

Life Fitness says Nieto will return as a co-investor in the business and will also be appointed to its board of directors.

The move follows the acquisition of the company by KPS Capital Partners in July, which has been followed by a shake up of the management team and board.

New beginnings
Life Fitness was valued at US$490m (€434m, £388m) at the time of the deal, which was below its previous valuation and the new owners are moving to drive business growth.

Jay Bernstein, partner at KPS said, “We’re thrilled to bring Augie back as an investor and a strategic partner. We’re confident that his experience and vision will help Life Fitness drive forward its legacy of being a strong, focused, and innovative global market leader.”

Life Fitness has also appointed Chris Clawson as its CEO, succeeding the outgoing Jason Worthy.

The company’s family of fitness brands includes Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group and SCIFIT – all brought into the group by acquisition.

As Life Fitness has not yet optimised these investments, it will be interesting to see how strategy develops going forward under the new leadership and with Nieto back on the team.

Nieto has held numerous other non-exec and advisory roles and currently serves as an operating advisor to North Castle Partners while being on the board of Curves, Jenny Craig and Hydromassage.

You can donate to Augie’s Quest at: https://augiesquest.org

http://www.leisureopportunities.com/images/imagesX/136977_39506.jpg
Industry legend and charity fundraiser Augie Nieto is returning as a co-investor and board member to Life Fitness, where he served as president from 1977 to 2000
Augie Nieto, Life Fitness, ALS Charity Fundraiser,North Castle Partners, Curves, Jenny Craig, Hydromassage, fitness
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Boutique fitness operator The Foundry, which offers free and subsidised classes for those on state ...
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Real estate developers are increasingly looking to tap into the "great opportunities" being offered by ...
Latest News
The outgoing chief medical officer, professor Dame Sally Davies, has called for urgent action across ...
Latest News
A health and wellbeing club which combines exercise and physical activity classes with mental and ...
Latest News
VivaFit has entered the Spanish fitness market with the opening of a studio in capital ...
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John Treharne, founder of The Gym Group, has been appointed chair of boutique fitness brand ...
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Featured supplier news
Featured supplier: Does your fitness studio contain the cure to 21st-century living?
What’s the secret ingredient that makes a live group fitness experience so powerful? And how can clubs unlock it?
Featured supplier news
Featured supplier: The secrets to designing a stand-out fitness studio
The design and construction of a group fitness or exercise studio can have a big impact on the success of your gym.
Opinion
promotion
As an industry, we still underestimate the power of a truly varied fitness regime - and the growing appetite for it, especially among emerging customer segments.
Opinion: Collaboration vs aggregation - what’s the difference?
Video Gallery
Optimum Nutrition for Health and Performance.
Optimum Nutrition
Optimum Nutrition for Health and Performance is an Association for Nutrition (AfN) certified nutrition course & approved for CPD points from REPs and CIMSPA. Read more
More videos:
Company profiles
Company profile: MoveGB
Move is the online fitness platform where consumers go to get active, and operators collaborate ...
Company profiles
Company profile: Focus Training
Focus Training is a leading provider of Active IQ and YMCA Awards certified Personal Trainer ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Wearable technology solutions
MyZone: Wearable technology solutions
Governing body
EMD UK: Governing body
Direct debit solutions
Harlands Group: Direct debit solutions
Management software
Fisikal: Management software
Skincare
Comfort Zone - Davines S.p.A: Skincare
Fitness equipment
Healthcheck Services Ltd: Fitness equipment
Spa software
SpaBooker: Spa software
Exercise equipment
EXF Fitness Equipment: Exercise equipment
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Trade associations
International SPA Association - iSPA: Trade associations
Property & Tenders
Kirklees Active Leisure
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Diary dates
15 Oct 2019
Loughborough University, Loughborough, United Kingdom
Diary dates
15-18 Oct 2019
Gran Via Exhibition Centre, Barcelona, Spain
Diary dates
28-30 Oct 2019
Hotel Royal Savoy, Lausanne, Switzerland
Diary dates
30-31 Oct 2019
NEC, Birmingham, United Kingdom
Diary dates
05-08 Nov 2019
Koelnmesse, Cologne, Germany
Diary dates
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Diary dates
29 Nov 2019
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Diary dates
29-30 Jan 2020
Holiday Inn San Francisco-Golden Gateway, San Francisco, United States
Diary dates
23-25 Mar 2020
Hilton, Barcelona, Spain
Diary dates
10-27 Jun 2020
tbc, Pinggu, China
Diary dates
17-18 Jun 2020
ExCeL London, London, United Kingdom
Diary dates
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