|By PR Newswire||
|August 21, 2014 03:36 PM EDT||
MCLEAN, Va., Aug. 21, 2014 /PRNewswire/ -- US Fitness Holdings, LLC ("US Fitness") announced today it has added Sport & Health to its portfolio of clubs, creating one of the largest health club companies in the country. US Fitness, a partnership between industry veterans Kirk and John Galiani and New Evolution Ventures, operates Onelife Fitness and Crunch Fitness clubs throughout Virginia and Washington, DC under the leadership of the Galianis. Sport & Health operates health and fitness clubs in and around the Washington, DC metropolitan area under the leadership of Mark Fisher (CEO) and Scott Thomas (CFO).
Kirk and John Galiani will be the Co-Executive Chairmen of US Fitness and Mark Fisher and Scott Thomas will be named CEO and CFO, respectively. The management team will utilize their collective experience and best practices to continue the rapid growth of US Fitness in existing and contiguous markets.
Kirk and John Galiani commented: "Sport & Health provides us with a broad platform in a major metropolitan area, an experienced management team, and infrastructure to accelerate our growth through Greenfield expansion and acquisition. We look forward to working with Mark Fisher, Scott Thomas and the entire Sport & Health team in continuing to build a terrific company."
"I've followed the Galianis through their career and it's remarkable what they've accomplished. They purchased, built and later sold Gold's Gym International, realizing the first major exit in the industry. Now with the growth of US Fitness they are once again one of the dominant health club operators in the country," said Mark Fisher. "I am very excited about working with Kirk, John and their partners at New Evolution Ventures."
Piper Jaffray & Co served as financial advisor to both US Fitness and Sport & Health. Dechert LLP acted as legal advisor to US Fitness and Bean Kinney & Korman P.C. acted as legal advisor to Sport & Health. Benefit Street Partners LLC provided the debt financing as the Sole Lead Arranger and Sole Book Running Manager.
About US Fitness
US Fitness was formed in 2011 when the Galiani brothers and their Onelife Fitness brand partnered with New Evolution Ventures, which has an interest in many health club brands throughout the world including Crunch, UFC Gym, Hard Candy Fitness, Energy Fitness, and others. US Fitness currently develops large multi-purpose clubs under their Onelife Fitness brand and Crunch clubs in the Mid-Atlantic. Onelife Fitness clubs are typically large full service facilities with multiple group fitness studios, strength and cardio equipment, racquetball, basketball, pools, and extensive kid's club areas. Their Crunch clubs tend to be more urban, hip, fun, energizing and program-focused. Both of these brands offer vast amenities and are innovative, community-focused, convenient, friendly and affordable with the ongoing commitment to deliver unparalleled service to their members.
About Sport & Health
Since 1973, Sport & Health Clubs have grown to be Washington's largest family of full-service health clubs and day spas. Sport & Health Clubs are built around integrating fun and fitness into the busy lifestyles that define our nation's capital and its ever-expanding communities. The clubs feature state-of-the-art fitness equipment, individual and group personal training and group exercise classes for all fitness levels including Pilates, yoga, dance, metabolic training and all of the latest in effective, fun workouts. Many clubs feature tennis, racquetball, squash, basketball, and swimming. Several clubs feature Serenity Day Spa that provides therapeutic massage, body treatments, nail and skin care and hair styling and design.
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SOURCE US Fitness Holdings, LLC
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