The New York Times’ Peter Lattman has reported that 24 Hour Fitness may be up for sale.
According to the article, “Forstmann Little, the private equity firm that owns 24 Hour Fitness, has hired Goldman Sachs to run the auction process.”
Lattman writes that the chain is expecting to make the sale at roughly $2 billion — however, the company isn’t at liberty to discuss the deal publicly. Potential buyers are to be solicited by Goldman Sachs very soon.
Click here to read more about the potential sale from the New York Times.
Stay ahead in the fitness industry with exclusive updates!
Subscribe Now
Rachel Zabonick-Chonko is the editor-in-chief of Club Solutions Magazine. She can be reached at rachel@peakemedia.com.
