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UNITING THE WORLD OF FITNESS
Health Club Management

Health Club Management

News

The Gym Group buys 18 Lifestyle Fitness gyms

Low-cost fitness operator The Gym Group today announced it has acquired 18 gyms from fellow budget chain Lifestyle Fitness for the sum of £20.5m.

The deal, which is expected to complete on 29 September, forms part of the company’s rapid expansion plans and increases the size of The Gym Group’s portfolio from 98 to 116 clubs, with an additional 20 new sites earmarked for opening by the end of 2017.

CEO John Treharne told Health Club Management: “We see this as a really exciting opportunity for us to further our growth and it’s a key part of our strategy. The bulk of our expansion has been organic rollout, with 15 per cent of our estate coming from acquiring existing gyms.”

He added: “We’re focused on quality growth and will continue to take advantage of these types of opportunities as they materialise.”

The company, which opened its first site in 2008, has gyms throughout the UK. With 40 per cent of its existing sites located in and around the capital, the acquisition of the Lifestyle Fitness gyms, which are all based in the north and Midlands, further strengthens the operator’s position outside London, according to Treharne.

Of the 18 new gyms, 10 will be immediately converted to The Gym Group brand. The remaining eight will continue to operate as Lifestyle Fitness gyms, with plans to gradually rebrand them over time.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Low-cost fitness operator The Gym Group today announced it has acquired 18 gyms from fellow budget chain Lifestyle Fitness for the sum of £20.5m.
HAF
THUMB21516_119891.jpg
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News

The Gym Group buys 18 Lifestyle Fitness gyms

Low-cost fitness operator The Gym Group today announced it has acquired 18 gyms from fellow budget chain Lifestyle Fitness for the sum of £20.5m.

The deal, which is expected to complete on 29 September, forms part of the company’s rapid expansion plans and increases the size of The Gym Group’s portfolio from 98 to 116 clubs, with an additional 20 new sites earmarked for opening by the end of 2017.

CEO John Treharne told Health Club Management: “We see this as a really exciting opportunity for us to further our growth and it’s a key part of our strategy. The bulk of our expansion has been organic rollout, with 15 per cent of our estate coming from acquiring existing gyms.”

He added: “We’re focused on quality growth and will continue to take advantage of these types of opportunities as they materialise.”

The company, which opened its first site in 2008, has gyms throughout the UK. With 40 per cent of its existing sites located in and around the capital, the acquisition of the Lifestyle Fitness gyms, which are all based in the north and Midlands, further strengthens the operator’s position outside London, according to Treharne.

Of the 18 new gyms, 10 will be immediately converted to The Gym Group brand. The remaining eight will continue to operate as Lifestyle Fitness gyms, with plans to gradually rebrand them over time.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
Low-cost fitness operator The Gym Group today announced it has acquired 18 gyms from fellow budget chain Lifestyle Fitness for the sum of £20.5m.
HAF
THUMB21516_119891.jpg

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Fuel the debate about issues and opportunities across the industry. We’d love to hear from you – [email protected]
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With gyms reopening as the fitness industry recovers from the impact of the pandemic, members are seeking social interaction and engaging training experiences in a small group setting.
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Parkwood Leisure, one of the UK’s leading public leisure facilities operators, helped prevent more than 7,000 cases of stroke, dementia, depression and type 2 diabetes in 2019, saving the NHS £16 million, a new social value report has shown.
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Catalogue Gallery
Click on a catalogue to view it online
Directory
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Management software
fibodo Limited: Management software
Hydrotherapy / spa fragrances
Kemitron GmbH: Hydrotherapy / spa fragrances
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
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Diary dates
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Diary dates
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Diary dates
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Online,
Diary dates
04-07 Nov 2021
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Diary dates
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Diary dates
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