M&A Deal Summary

Town Sports International Acquires Flywheel Sports - Studio Business

On January 6, 2020, Town Sports International acquired consumer services company Flywheel Sports - Studio Business from Flywheel Sports

Acquisition Highlights
  • This is Town Sports International’s 3rd transaction in the Consumer Services sector.
  • This is Town Sports International’s 3rd transaction in the United States.
  • This is Town Sports International’s 2nd transaction in New York.

M&A Deal Summary

Date 2020-01-06
Target Flywheel Sports - Studio Business
Sector Consumer Services
Buyer(s) Town Sports International
Sellers(s) Flywheel Sports
Deal Type Divestiture

Target

Flywheel Sports - Studio Business

New York, New York, United States
Flywheel Sports, Inc.'s Studio Business is a provider of fitness services in New York.

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Buyer(S) 1

Buyer

Town Sports International

Jupiter, Florida, United States

Category Company
Founded 1973
Sector Consumer Services
Employees1,900
Revenue 467M USD (2019)
DESCRIPTION

Town Sports International is an owner and operator of fitness clubs. Town Sports provides cardiovascular machines, resistance training equipment and free weights, fitness equipment and services. Town Sports International Holdings was founded in 1973 and is based in Jupitar, Florida.


DEAL STATS #
Overall 3 of 3
Sector: Consumer Services M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-27 TMPL GYM

New York, New York, United States

TMPL GYM is a fitness center. TMPL offers intersection of metabolic science, exercise and nutrition leveraging state of the art technology to drastically change one's body. TMPL GYM is based in New York city.

Buy -

Seller(S) 1

SELLER

Flywheel Sports

New York, New York, United States

Category Company
Founded 2010
Sector Consumer Services
DESCRIPTION

Flywheel Sports, Inc. offers in-studio and on-demand indoor cycling, strengthening, and recovery classes. Flywheel Sports was founded in 2010 is based in New York.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1