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Bally Total Fitness acquired Crunch in 2001 for $90 million in cash and stock, [14] 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 ...
Bally Total Fitness was an American fitness club chain. At its 2007 peak, prior to the filing of the first of two Chapter 11 bankruptcies, Bally operated nearly 440 facilities located in 29 U.S. states, Mexico, Canada, South Korea, China, and the Caribbean under the Bally Total Fitness, Crunch Fitness, Gorilla Sports, Pinnacle Fitness, Bally Sports Clubs, and Sports Clubs of Canada brands.
The connected-fitness company doesn't have a real strategy to turn things around.
Crunch Fitness CEO Jim Rowley flexes his muscles in front of a mirror. But here's the interesting fact. Five years ago, we were opening a gym with two Olympic weight-lifting platforms. Now we're ...
The firm was founded in 1995 by long-time leveraged buyout investor John W. Childs after a split from Thomas H. Lee.Prior to founding J. W. Childs Associates, from 1987 through 1995 Childs had been a managing director and subsequently the senior managing director of Thomas H. Lee Partners (THL).
Jim Rowley knows uphill climbs—and which battles are worth fighting. He’s been in the fitness industry for over 30 years, and has spent over a decade at the helm of gym chain Crunch Fitness ...
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses ...
Crunch Fitness CEO gets real about the tough transition from Marine to veteran—and how his business helped him overcome it Chloe Berger May 22, 2024 at 6:29 AM