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Fitness Ventures has acquired 22 Crunch Fitness gyms in California and Texas, becoming the system's largest franchisee at 115 locations.
Fitness Ventures is expanding into Portland with three Crunch Fitness acquisitions and a $75 million investment to open 15 new clubs.
Fitness Ventures, the second-largest Crunch franchisee, has hit a 60-studio milestone, with plans to open 75 by year's end.
Ryan Seacrest joins the CLMBR investment team alongside Jay-Z, Novak Djokovic, Pitbull, Chad Hurley, Marco Borges and venture capital and private equity firm KBW-Ventures.
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