Meaningful Partners, an investment firm focused on middle-market and growth consumer companies, has acquired Fitness Ventures LLC.
Basic-Fit reported a 17% increase in revenue to €585 million ($633 million) and membership growth of 13% to 4.1 million in H1 2024.
Despite a slowdown in deal activity post pandemic, private equity investors remain bullish on the fast-growing health and wellness sector.
Gym giant Planet Fitness has broken ground in Spain, opening its first club in Sabadell as part of its strategic growth plan in Europe.
Gym visits in the U.S. remained elevated year-over-year in Q2, with low-price brands EoS Fitness and Crunch Fitness leading the way.
Planet Fitness raised its base membership fee for the first time in 26 years, a move that could set a new pricing floor for the gym industry.
A high-intensity, eight-week ‘Pickleballers’ class is being offered at six Crunch gyms this summer in NY, NJ and LA
In a poll conducted by YouGov, cost was the most common reason people gave for canceling their gym membership.
EOS Fitnes plans to open over 250 gyms by 2030. It's reportedly eyeing at least $100 million in private funding to support that goal.
Vasa Fitness, an HVLP gym chain, is bringing on senior leaders including a former Planet Fitness exec as it looks to continue growing.
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