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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

KPS completes Life Fitness acquisition

The acquisition of commercial fitness equipment manufacturer Life Fitness by KPS Capital Partners has completed, following the initial announcement of its sale in May this year.

Under the deal, private equity firm KPS will pay US$490m (€434m, £388m) in cash to acquire the entire Life Fitness estate, which comprises the Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick Billiards brands, from its previous owner, manufacturing conglomerate Brunswick Corporation.

KPS operates by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries. Within its portfolio are interests in branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing.

The company says it creates value for its investors by "working constructively with talented management teams to make businesses better", and generates investment returns by "structurally improving the strategic position, competitiveness and profitability of its portfolio companies".

Speaking at the time of the announcement of the deal in May, Jason Worthy, president of Chicago-headquartered 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."

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The acquisition of commercial fitness equipment manufacturer Life Fitness by KPS Capital Partners has completed, following the initial announcement of its sale in May this year.
HAF
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People
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Andrew Grill

Practical Futurist
Your marketing department will have to start writing ad copy for robots, not for humans. These digital agents will be gatekeepers, a bit like a PA. It’s already happening, so get ahead and start using it
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Human beings were designed to run, jump, lift and carry things. Unfortunately, society has evolved in a way that promotes a sedentary lifestyle, which is creating massive physical, emotional and mental dysfunction on a global scale
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Gathering existing, strong brands under one roof to create the new Life Fit Group made perfect sense
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Click on a catalogue to view it online
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Professional services
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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

News

KPS completes Life Fitness acquisition

The acquisition of commercial fitness equipment manufacturer Life Fitness by KPS Capital Partners has completed, following the initial announcement of its sale in May this year.

Under the deal, private equity firm KPS will pay US$490m (€434m, £388m) in cash to acquire the entire Life Fitness estate, which comprises the Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick Billiards brands, from its previous owner, manufacturing conglomerate Brunswick Corporation.

KPS operates by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries. Within its portfolio are interests in branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing.

The company says it creates value for its investors by "working constructively with talented management teams to make businesses better", and generates investment returns by "structurally improving the strategic position, competitiveness and profitability of its portfolio companies".

Speaking at the time of the announcement of the deal in May, Jason Worthy, president of Chicago-headquartered 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."

Sign up for FREE ezines & magazines
The acquisition of commercial fitness equipment manufacturer Life Fitness by KPS Capital Partners has completed, following the initial announcement of its sale in May this year.
HAF
imagesX/THUMB342348_247859_260811.jpg

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Features
feature
Power Plate is launching a trade in, trade up programme, explains Davide Ferreira
Features
IHRSA Update
The global health and fitness markets reached an all-time high in terms of memberships in 2018. IHRSA’s Melissa Rodriguez highlights the topline numbers for HCM
Features
fitness-kit.net
Lauren Heath-Jones rounds up the latest product launches in health and fitness
Features
India
Partnering with established local chain, Talwalkars, David Lloyd Leisure is set to take its luxury, family-oriented clubs to India, with the first location opening in Pune this summer. Steph Eaves spoke to Bruce Gardner and Prashant Talwalkar to find out more
Features
Supplier showcase
Fitness expert, Matt Roberts, has chosen Pavigym’s PRAMA system to create an immersive, personalised workout experience at his new gym at The Langley hotel in Berkshire
Features
Body scanning
Will the body image debate define the future of fit-tech? Becca Douglas looks at the evidence
Features
feature
‘TRX® for Yoga’ education fuses suspension training and yoga, says Julian Woolley
Features
People
HCM people

Andrew Grill

Practical Futurist
Your marketing department will have to start writing ad copy for robots, not for humans. These digital agents will be gatekeepers, a bit like a PA. It’s already happening, so get ahead and start using it
People
Human beings were designed to run, jump, lift and carry things. Unfortunately, society has evolved in a way that promotes a sedentary lifestyle, which is creating massive physical, emotional and mental dysfunction on a global scale
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HCM people

Martin Seibold

CEO Life Fit Group
Gathering existing, strong brands under one roof to create the new Life Fit Group made perfect sense
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This isn’t about gender. I got the role because I’m absolutely the best person for the job - Sophie Lawler
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Ben Keenan

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My dream is for our industry to have a much more significant impact on global health; there is still so much more we can do - Rasmus Ingerslev
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We bought gyms in Brisbane, Queensland, and we were one of the first clubs to put proper air conditioning in – that was the big thing that was needed at the time
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Job search
POST YOUR JOB
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.
Featured supplier news
Featured supplier: Join FitNation - the new fitness congress about innovation
FitNation, the new premier event about innovation in the fitness industry, will kick-off in Amsterdam on 4 October.
Company profiles
Company profile: Balanced Body®
Stocked in the UK for fast, costeffective delivery, Balanced Body® delivers versatile and space-saving mind-body ...
Company profiles
Company profile: MoveGB
Move is the online fitness platform where consumers go to get active, and operators collaborate ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Exercise equipment
Matrix Fitness: Exercise equipment
Fitness equipment
FunXtion International BV: Fitness equipment
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Lockers/interior design
Craftsman Quality Lockers Ltd: Lockers/interior design
Trade associations
International SPA Association - iSPA: Trade associations
Skincare
Sothys: Skincare
Member access schemes
Move GB: Member access schemes
Locking solutions
Ojmar: Locking solutions
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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