Affiliates of Roark Capital, an Atlanta, GA-based private equity firm focused on investing in multi-unit businesses, acquired a majority stake in Fitness Connection from LNK Partners.
The terms of the transaction were not disclosed.
The investment will enable the company to continue to execute its national growth strategy.
Founded in 1999 and led by Phil Howard, CEO, Fitness Connection operates 41 health clubs in Texas, North Carolina, and Nevada. Memberships include access to strength / cardio equipment, functional training areas, women’s only workout areas, short-term child care, cycling studios, as well as other amenities and services.
In addition, memberships typically include 30+ unique group workout classes including spin, yoga, pilates, kickboxing and high intensity interval training, among the other 50+ classes per week.
FinSMEs
04/02/2019