Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab
Health Club Management

Health Club Management

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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
People
HCM people

Rachael Blumberg

Platefit: creator and founder
People know yoga, Pilates, HIIT and Barry’s Bootcamp, but many don’t know vibration training and it’s my intention, passion and purpose to make it available and bring it to the world
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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
Latest News
Ukactive has urged the incoming Conservative government to invest heavily in physical activity – in ...
Latest News
Technogym has launched its Let's Move for a Better World campaign for 2020, aiming to ...
Latest News
Equipment supplier Life Fitness has created on-demand digital programming for its commercial CV equipment. Called ...
Latest News
Mid-market health club operator Total Fitness has acquired Pro-Fit Personal Training. The deal follows a ...
Latest News
PureGym is set to become the second largest fitness operator in Europe, after revealing plans ...
Latest News
The Glass House Retreat, a new eco-friendly health and wellness retreat, has opened in Bulphan, ...
Latest News
A large-scale study on genetics has shown that being more physically active reduces the risk ...
Latest News
The Gym Group has confirmed plans to roll out a new small box format in ...
Latest News
Representatives from the three main political parties have backed the view that physical activity has ...
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Life Leisure is expanding its facility portfolio with the launch of an independent boutique fitness ...
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Job search
POST YOUR JOB
Featured supplier news
Featured supplier: Pulse Fitness modernises Leiston Leisure Centre in £4m redevelopment
The Leiston Leisure Centre, owned by East Suffolk Council, reopened recently following a £4m redevelopment designed and implemented by Pulse Fitness.
Featured supplier news
Featured supplier: Gympass expands in Ireland with flagship operator Gym Plus
Gympass, a leader in corporate fitness sales, has expanded its network to Ireland following a new partnership with Gym Plus.
Video Gallery
Harlands Group testimonial
Harlands Group
Harlands Group - Testimonial from 'Unity Leisure'. Read more
More videos:
Company profiles
Company profile: Xponential Fitness LLC
Xponential Fitness is the world’s leading franchisor of boutique fitness studios, with a portfolio of ...
Company profiles
Company profile: Legend Club Management Systems (UK) Ltd
Legend provides the leading software solution for driving improvements in leisure operations. We deliver savings ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Management software
GymSales: Management software
Exercise equipment
Star Trac / Core Health & Fitness: Exercise equipment
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Wearable technology solutions
MyZone: Wearable technology solutions
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Fitness equipment
Miha Bodytec GmbH: Fitness equipment
Skincare
Sothys: Skincare
Fitness software
Go Do.Fitness: Fitness software
Direct debit solutions
Debit Finance Collections: Direct debit solutions
Lockers/interior design
Fitlockers: Lockers/interior design
Property & Tenders
Diary dates
21-23 Jan 2020
Harrogate Convention Centre, Harrogate, United Kingdom
Diary dates
28-30 Jan 2020
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
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
25-26 Mar 2020
Eastwood Hall, Nottingham, United Kingdom
Diary dates
19-24 Apr 2020
tbc, Beijing, China
Diary dates
04 Jun 2020
Marriott Forest of Arden Hotel & Country Club, Birmingham, United Kingdom
Diary dates
10-27 Jun 2020
tbc, Pinggu, China
Diary dates
13 Jun 2020
Worldwide, Various,
Diary dates
17-18 Jun 2020
ExCeL London, London, United Kingdom
Diary dates
21-24 Sep 2020
Loews Coronado Bay Resort, Coronado, United States
Diary dates
30-31 Oct 2020
NEC, Birmingham, United Kingdom
Diary dates
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Zimmer MedizinSysteme GmbH / icelab
Zimmer MedizinSysteme GmbH / icelab