US Fitness Holdings, LLC (US Fitness) announced it has acquired Atlanta Fitness in its first expansion into the Southeastern region of the U.S. US Fitness currently has a portfolio of 45 health clubs that includes Sport&Health Clubs and Onelife Fitness.
Over the next several months, the Atlanta Fitness clubs will transition to the Onelife Fitness brand name, and a significant investment will be made in new equipment, existing club upgrades and new locations.
John Cristiano, the co-founder of Atlanta Fitness, will join the US Fitness Board of Directors and will oversee the development of the Southeastern region.
With over 20 years in the fitness industry as franchise owners with over 10 clubs, John and Mindy Cristiano started the Atlanta Fitness company in 2009. They launched Atlanta Fitness with the goal of building premier destination clubs with exceptional member service at the best value.
“After spending time with the Atlanta Fitness management team, we realized how aligned our companies are in our mission to inspire people to improve their lives through health and fitness and deliver the ultimate fitness experience,” said Mark Fisher, the CEO of US Fitness, in a press release. “They are a wonderful extension of our existing clubs and a valuable addition to our growing fitness family.”
Dechert LLP served as legal advisor to US Fitness and Benefit Street Partners LLC provided the debt financing as the Sole Lead Arranger and Sole Book Running Manager.
The terms of the deal were not disclosed.
US Fitness acquired Sport&Health in August 2014.
