Sport&Health Clubs, the Washington, D.C. metro area health club company, announced the acquisition of Clubgolf Performance Center at its Rio location, Gaithersburg, Md. Clubgolf, a year-round performance center focused on a personalized combination of evaluation, fitness training and instruction, shares Sport&Health’s mission by striving to improve golfers’ game, break bad habits and achieve golf goals through improved fitness techniques.
The acquisition is part of Sport&Health’s aggressive multi-year campaign to grow and improve its network of health and fitness clubs throughout the Washington, D.C. metropolitan area. In 2009, the company secured $25 million in mezzanine financing provided through Pittsburgh-based PNC Mezzanine Capital and CMS Mezzanine Fund.
With more than 10,000 square feet of weight machines, hitting bays with video, Trackman launch monitors, short-game practice areas, a putting green, self-serve video cameras and a Swing Diagnostic Center, Clubgolf offers state of the art classes for beginners to groups and professionals. A membership cap of 500 people grants Clubgolf members plenty of personal attention and room to move, lift and swing.
“Clubgolf has been a close strategic partner of Sport&Health for several years,” said Sport&Health President and COO Mark Fisher. “Given our shared mission and value in fitness, we felt Sport&Health could offer a new range of services to existing members through this acquisition.”
Existing members of Rio Sport&Health Club will receive membership options for use of Clubgolf. Effective immediately, hours will be extended, and Sport&Health branding will be incorporated throughout the Clubgolf facility.
“Sport&Health is committed to expanding our wealth of fitness programming and facilities to neighborhoods throughout the Washington Metro Area,” said Jonathan Adler, Sport&Health’s CEO. “This acquisition is a win-win for Sport&Health and for our members.”
