Johnson Fitness and Wellness Acquiring All Gym Source Retail Spots
The specialty fitness company’s stores – 100 in the US & 365 globally following the acquisition – to feature premium fitness equipment, including proprietary brands like Horizon, Matrix, & Vision.
Johnson Fitness and Wellness, a specialty fitness retailer, recently announced that it would acquire all Gym Source retail locations in the Northeast and Mid-Atlantic regions. The acquisition will boost the number of Johnson Fitness and Wellness stores to 100 in the US and 365 globally.
“We’re thrilled to welcome the Gym Source retail team to the Johnson retail family,” said Bob Zande, President of Johnson Health Tech Retail, Inc. “Gym Source has created an exceptional team and network of specialty fitness stores.”
“We are very pleased to add these locations in the Northeast and Mid-Atlantic as it accelerates our growth and increases our level of customer service in the region,” Zande added.
The Johnson Fitness and Wellness stores will feature premium fitness equipment, including proprietary brands like Matrix, Vision, and Horizon. The retail stores are staffed by qualified fitness consultants to help guests find the proper equipment to fulfill their fitness needs, including treadmills, ellipticals, stationary bikes, home gyms, and accessories. The financial terms of the deal were not revealed.
Gym Source, a privately-owned company with headquarters in New Jersey, explained that on November 1, 2021, Gym Source closed its retail division after 75 years of meeting the fitness needs of its customers. The Gym Source says the company will continue its commercial division, selling equipment and services in building, education, hospitality, and fitness center industries. The company says the commercial division will fulfill and manage any open orders.
President Deborah McKeever says that the sale of the retail stores will allow the company to focus on commercial fitness sales and service.
“Johnson Fitness and Wellness is both a retail market and industry leader and will be an excellent new owner for our stores,” McKeever said.
