US Fitness adds Sport & Health to its portfolio of clubs

Published on August 21, 2014 at 8:56 PM · No Comments

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.

Source:

US Fitness Holdings, LLC

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