Perpetual Capital Partners, a Washington D.C.-based private investment firm, has acquired In-Shape Solutions.
Perpetual Capital Partners previously acquired California Family Fitness in 2016. Both brands are now owned by a new entity within Perpetual Capital called In-Shape Family Fitness, LLC. In-Shape will retain the In-Shape Health Clubs name.
“For nearly 20 years, the various owners of In-Shape and California Family Fitness have seen the strategic potential of joining these two complementary brands, and I am excited to finally make it happen,” said Paul Rothbard, who sold his ownership of In-Shape, in a statement.
The In-Shape leadership team remains intact and now reports to Randy Karr, the CEO of In-Shape Family Fitness, LLC.
“We are extremely excited to bring together these two great companies,” said Karr in a statement. “With 63 premium, full-service clubs in California, we are the premier provider of fitness for the whole family in the state.”
Since there is no geographic overlap between the two, there are no plans to close clubs.
Terms of the deal were not disclosed.