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Bally Total Fitness acquired Crunch in 2001 for $90 million in cash and stock, [15] holding the brand for four years. In 2005 Angelo, Gordon & Co., a private equity firm, purchased Crunch from Ballys for $45 million, and in 2009 added New Evolution Fitness Company ("NEFC"/New Evolution Ventures), a company founded by Mark Mastrov (founder of 24 hour fitness) and fitness Veteran Jim Rowley, as ...
YouFit was founded by Rick Berks. [1] The first YouFit, in St. Petersburg, Florida, opened in 2008 [2] and grew to over 100 gyms across the United States. [2] Berks separated from YouFit in May 2020, citing differences with the firm’s financial backers in his resignation letter.
Beachbody was founded in 1998 by Carl Daikeler and Jon Congdon in Santa Monica, California. [5] Daikeler was previously in informercials for Lifeline Gym and :08 Min Abs in the 1990s. The founders received $500,000 in angel investing, developed a series of workout videos and bought the website Beachbody.com. [2] [6]
Curves was founded by Gary Heavin and his wife, Diane. They opened their first Curves in Harlingen, Texas, in 1992. This new concept of 30-minute fitness, strength training, weight-loss guidance, and an environment designed for women was immediately successful. They began to develop plans for franchising the concept, with the first opening in 1999.
Gold's Gym International, Inc. is an American chain of international co-ed fitness centers (commonly referred to as gyms) originally started by Joe Gold in Venice Beach, California. Each gym offers a variety of cardio and strength training equipment as well as group exercise programs.
24 Hour Fitness was created in 1983 by Mark Mastrov.With the merger of the #2 and #3 largest fitness chains in the United States. Mastrov had been using a local gym for rehab after a knee injury, and turned the gym into a 24-hour nautilus facility after buying out the owner. [1]
He is the co-founder, CEO and majority owner of Gymshark, a fitness apparel and accessories company founded in 2012. [1] With a stake of over 70% in Gymshark which is currently valued by investors at $1.45 billion, Francis had a net worth of $1.3 billion as of April 2023. [2]
World Gym International LLC is an American fitness center founded in 1976 by Joe Gold during the glory days of "Muscle Beach" in Venice Beach, California. Joe Gold is also the founder of Gold's Gym , another unaffiliated gym chain, which he sold in 1973. [ 1 ]