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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

News

Town Sports International acquires studio business of Flywheel Sports

Town Sports International Holdings has signed a deal to acquire the studio business of indoor cycling company Flywheel Sports.

Established in 2010, Flywheel currently has 29 locations across the US and in addition to cycling has also developed "off-bike" training workouts – including FlyBarre and FlyFIT.

Town Sports is a holding company which operates a number of fitness chains. Its current portfolio is concentrated on the east coast of the US and includes 100+ New York Sports Club-branded sites in New York and around 30 Boston Sports Clubs in Boston. Outside the US, the group owns three clubs in Switzerland. In 2018, Town Sports acquired the Total Woman Gym and Spa business, which included 12 sites.

"Flywheel is an iconic name in the fitness industry and this acquisition accelerates our strategic plan as we continue to upgrade our club network and offer more value to our members," said Patrick Walsh, Town Sports chair and CEO.

"The Flywheel acquisition fits perfectly into our strategy, as it enables us to elevate our members’ fitness experience by offering a luxury, boutique product, along with the benefits of additional formats and locations.

“Through this acquisition, we plan to enhance the gym experience, similar to the industry’s aggregators, and offer more variety in content, locations and experience for a lower cost.”

The acquisition is expected to close in the first quarter of 2020.

Darren Richman, co-founder of Kennedy Lewis Investment Management, Flywheel’s current owner, added: “As in the case of providers like Netflix, who reimagined the importance of content, and the need to provide customers with more for less, we think that Patrick is following the exact same path at Town Sports in the fitness space.

"He is facilitating the delivery of more fitness modalities and content for value-conscious consumers.”

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Town Sports International Holdings has signed a deal to acquire the studio business of indoor cycling company Flywheel Sports.
HAF,FIT,IND
imagesX/THUMB344214_809200_755726.jpg
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News

Town Sports International acquires studio business of Flywheel Sports

Town Sports International Holdings has signed a deal to acquire the studio business of indoor cycling company Flywheel Sports.

Established in 2010, Flywheel currently has 29 locations across the US and in addition to cycling has also developed "off-bike" training workouts – including FlyBarre and FlyFIT.

Town Sports is a holding company which operates a number of fitness chains. Its current portfolio is concentrated on the east coast of the US and includes 100+ New York Sports Club-branded sites in New York and around 30 Boston Sports Clubs in Boston. Outside the US, the group owns three clubs in Switzerland. In 2018, Town Sports acquired the Total Woman Gym and Spa business, which included 12 sites.

"Flywheel is an iconic name in the fitness industry and this acquisition accelerates our strategic plan as we continue to upgrade our club network and offer more value to our members," said Patrick Walsh, Town Sports chair and CEO.

"The Flywheel acquisition fits perfectly into our strategy, as it enables us to elevate our members’ fitness experience by offering a luxury, boutique product, along with the benefits of additional formats and locations.

“Through this acquisition, we plan to enhance the gym experience, similar to the industry’s aggregators, and offer more variety in content, locations and experience for a lower cost.”

The acquisition is expected to close in the first quarter of 2020.

Darren Richman, co-founder of Kennedy Lewis Investment Management, Flywheel’s current owner, added: “As in the case of providers like Netflix, who reimagined the importance of content, and the need to provide customers with more for less, we think that Patrick is following the exact same path at Town Sports in the fitness space.

"He is facilitating the delivery of more fitness modalities and content for value-conscious consumers.”

Sign up for FREE ezines & magazines
Town Sports International Holdings has signed a deal to acquire the studio business of indoor cycling company Flywheel Sports.
HAF,FIT,IND
imagesX/THUMB344214_809200_755726.jpg

News

A new report has revealed the likely timescales and shape of the UK fitness market's
There has been a "surge in appreciation" of exercise during lockdown, with people turning to
Gyms and health clubs in Dubai, UAE, have begun reopening their doors today (27 May)
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Aerobic exercise boosts blood flow into two key regions of the brain associated with memory,
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Features
HCM research
A quarter of people now regularly undertake home fitness workouts – a number far in excess of the UK’s gym membership penetration level of 15.6 per cent
Features
Software
With the coronavirus pandemic forcing gyms across the world to temporarily close their doors, staying connected to your members digitally has never been more important. Software suppliers tell Steph Eaves how they’re contributing
Features
Supplier showcase
With the spread of COVID-19 forcing more people into isolation, PureGym worked with FunXtion to rapidly include a digital on-demand workout offering to support members at home
Features
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While Europe and the US are in the thick of coronavirus shutdowns, health clubs in China are starting to reopen. Jak Phillips examines how three Chinese operators tackled the challenge of the pandemic and came out ahead
Features
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As the sector looks into the void of the COVID-19 lockdown and its aftermath, Duncan Wood-Allum presents a blueprint for a positive future
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Job search
POST YOUR JOB
Opinion
promotion
Elon Musk has plans to conquer Mars and these days the meat on your hamburger can be grown in a lab - so why are so many fitness businesses still using papers and pens to create workouts for their members?
Opinion: How the current pandemic may be helping the fitness industry to innovate
Opinion
promotion
The activity industry finds itself in a position of considerable threat. Two-thirds of the world’s gyms are closed – that’s 230 million members unable to attend a fitness facility, according to data platform fitNdata.
Opinion: Ensuring members return after lockdown
Featured supplier news
Featured supplier: EGYM presents Corona Gym Solution, for the successful re-opening of fitness studios
Finally, the time has come: fitness and health facilities around the globe are gradually resuming operations.
Featured supplier news
Featured supplier: Adidas calls on BLK BOX for flooring solutions at new World of Sports complex
Adidas believes that creators, just like athletes, need an environment that inspires their employees to perform and believe that through sport, we have the power to change lives.
Video Gallery
How to use the MZ-Bodyscan
MyZone
The Best Product for the Best Clubs Read more
More videos:
Company profiles
Company profile: DFC
DFC
At DFC, we offer totally transparent revenue management solutions with clear pricing and no hidden ...
Company profiles
Company profile: Fisikal Limited
Fisikal helps fitness professionals, operators and education organisations improve efficiencies and service through its online ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Fitness equipment
TRX Training: Fitness equipment
Trade associations
International SPA Association - iSPA: Trade associations
Fitness Software
FunXtion International BV: Fitness Software
Whole body cryotherapy
Zimmer MedizinSysteme GmbH / icelab: Whole body cryotherapy
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Direct debit solutions
Harlands Group: Direct debit solutions
Wearable technology solutions
MyZone: Wearable technology solutions
Management software
Fisikal: Management software
Lockers/interior design
Fitlockers: Lockers/interior design
Property & Tenders
Greywell, Hampshire
Barnsgrove Health and Wellness Club
Property & Tenders
Derby City Council
Property & Tenders
Diary dates
04 Jun 2020
Marriott Forest of Arden Hotel & Country Club, Birmingham, United Kingdom
Diary dates
13 Jun 2020
Worldwide, Various,
Diary dates
06-07 Jul 2020
Eastwood Hall, Nottingham, United Kingdom
Diary dates
28-31 Aug 2020
Expo Centre & Riviera di Rimini, Italy
Diary dates
21-24 Sep 2020
Loews Coronado Bay Resort, Coronado, United States
Diary dates
11-12 Oct 2020
ExCeL London, London, United Kingdom
Diary dates
17-23 Oct 2020
Pinggu, Beijing, China
Diary dates
27-30 Oct 2020
Messe Stuttgart, Germany
Diary dates
30-31 Oct 2020
NEC, Birmingham, United Kingdom
Diary dates
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Athena, Leicester, United Kingdom
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