The Bay Club Company (Bay Club) announced the acquisition of PRO Club Inc., owners/operators of the renowned health and wellness facilities in Seattle, marking a significant milestone in the company’s growth in the Pacific Northwest.
Bay Club’s acquisition of the two PRO Club locations marks the company’s third major acquisition in just three months and further ignites their strategic expansion along the West Coast. Bay Club now boasts 26 locations including 10 campuses from Seattle to San Diego. With a projected membership exceeding 135,000 and a workforce of over 4,000 employees, the company is poised for ongoing, sustainable growth with more acquisitions coming in 2024.
Rick Caro, an industry veteran, board member of the Bay Club Company, and the president of Management Vision, Inc., connected the two active lifestyle brands, knowing they share a natural cultural connection. “This transaction involves the single largest revenue-grossing health/athletic club in the U.S. PRO Club has been a market leader for decades in terms of revenue, memberships, programming and its service levels,” he said.
PRO Club’s Seattle and Bellevue locations offer a combined 600,000 square feet of active lifestyle, leisure and luxury amenities for members. In addition, PRO Club amplifies members’ experiences with a five-star spa and medical services, such as physician and dietician supervised weight management programs, hyperbaric oxygen therapy, and more-most of which were pioneered by co-founder Dr. Mark Dedomenico.
“We’re thrilled to join forces with the Bay Club, an exceptional active lifestyle brand that shares our passion and culture for empowering individuals to achieve their health and wellness goals,” said Dick Knight, the president of PRO Club. “With the Bay Club, opportunities are elevated for members and associates, fostering an even more vibrant community whose focus aligns on achieving lifestyle goals and promoting overall well-being.”
“This acquisition marks a momentous occasion for the club industry as a whole,” said Matthew Stevens, the president and CEO of Bay Club. “By welcoming PRO Club into our Bay Club family, we not only expand our reach in the Pacific Northwest while enhancing the active lifestyle offerings for our members, but we also create another investment proof point for courageous founders such as Dick Knight and Dr. Mark Dedomenico.”
Both Knight and Dedomenico will be staying on with Bay Club as strategic advisors for a minimum of three years.
