The Bay Club Company announced it has been acquired by York Capital Management, in addition to landing a minority investment from JMA Ventures.
As part of the transaction, the new ownership group is growing the pool of employee owners from about 40 to more than 120. The seller was an affiliate of KSL Capital Partners, LLC. Financial terms were not disclosed.
“The powerhouse combination of Bay Club, York Capital and JMA will allow us to fully realize our goal of creating active lifestyle campuses throughout California and beyond,” said Matthew Stevens, the president and CEO of The Bay Club Company, in a press release. “Each campus will offer members a well‐curated assortment of luxury amenities and services too vast to be offered at any single location.”
Founded in 1977, the California‐based company was originally known as Western Athletic Clubs until it underwent a rebranding in 2013, bringing all 11 locations across six campuses under one brand. The rebranding initiative looked to move Bay Club deeper into the hospitality industry, while positioning it for expansion.
“The Bay Club Company is poised for growth as well as further developing existing active lifestyle campuses,” said Stephens. “Our main priority is to provide our members with even greater lifestyle benefits while expanding throughout California and beyond.
“At The Bay Club Company, we talk a lot about happiness — what it is and how we can help our members achieve it,” Stephens continued. “Our brand revolves around that concept. With our new ownership structure, we are ideally positioned to achieve the next level of hospitality for our active lifestyle campuses. Our goal is to create an environment that allows members and their loved ones to experience being their happiest selves.”
