![]() The eight centers – all of them operating in leased spaces - offer fitness equipment, exercise classes and personal training services. Federico said, and the workers remain employed by the new owner. Members will retain their membership under the terms of their agreements with Boost, Mr. It now has about 40,000 members and about 200 employees. Federico launched Boost in 1995 with one facility. It has franchised sites around the country. magazine last year named Fitness Holdings one of the fastest-growing private businesses in the country, with 2016 sales of about $15.3 million.Ĭrunch is a health club chain based in New York City. When we were approached by companies … I had turned down those offers because I still wanted to be involved.”įitness Holdings is a privately held operator of franchised Crunch gyms in the northeastern United States, including two it owned in Massachusetts before the Boost deal. “It was exciting when Fitness Holdings came to us. He described the transaction as an opportunity for him to pull some cash out of the business, while staying involved in an operation that Fitness Holdings plans to grow. The deal will not impact Boost members or workers, Mr. Federico, who then bought a stake in the franchisee and will remain involved in its operations. A Connecticut operator of franchised Crunch Fitness centers has acquired Northboro-based Boost Fitness and will convert the eight Boost gyms to Crunch facilities.įitness Holdings LLC of Greenwich purchased Boost’s business from Mark A.
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