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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
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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
Healthcare charity Nuffield Health has partnered with equipment giant Technogym to launch a dedicated fitness ...
Latest News
Digme Fitness is expanding its portfolio with the opening of a studio in Ealing, London. ...
Latest News
A Deloitte report has suggested that getting involved in corporate wellness programmes could offer health ...
Latest News
New science has revealed a potential solution to age-related diseases which works on a systemic ...
Latest News
Nightclub-themed boutique boxing studio operator Kobox has opened its third London location in Baker Street, ...
Latest News
A nation divided by Brexit could be united by diverting focus to a "more pressing ...
Latest News
Global boutique fitness giant Xponential Fitness has appointed Michael Abramson, president of D1 Sports Training, ...
Latest News
Physical fitness has been associated with better brain structure and brain functioning in adults. The ...
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Saudi Arabia-based Leejam Sports Company has appointed former Bannatyne Group chief executive Justin Musgrove as ...
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Job search
POST YOUR JOB
Featured supplier news
Featured supplier: Gympass brings together corporate workforces and leisure operators
The Gympass mission is to defeat inactivity – a vision shared by many in the leisure industry.
Featured supplier news
Featured supplier: Dyaco grows UK business with new headquarters and key appointment
Following a year of strong growth, leading fitness equipment provider Dyaco has moved to a new UK headquarters in Milton Keynes, marking a significant milestone for the company.
Company profiles
Company profile: Stages Indoor Cycling
Stages Indoor Cycling is a product and technology company that is 100% focused on creating ...
Company profiles
Company profile: Incorpore Ltd
Incorpore is a leading fitness and wellness company who have been successfully delivering solutions to ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
Matrix Fitness: Exercise equipment
Governing body
EMD UK: Governing body
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Locking solutions
Ojmar: Locking solutions
Trade associations
International SPA Association - iSPA: Trade associations
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Skincare
Comfort Zone - Davines S.p.A: Skincare
Spa software
ResortSuite: Spa software
Audio visual
Hutchison Technologies: Audio visual
Professional services
Deloitte UK: Professional services
Property & Tenders
Diary dates
21-22 Sep 2019
Locations worldwide,
Diary dates
23-26 Sep 2019
JW Marriott Turnberry Resort & Spa, Miami, United States
Diary dates
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