Titan Fitness Acquires Two Nevada Clubs
advertisement
Interact With Us
Best of 2011
Top Stories of 2011
The most popular stories of 2011. Did your favorites make our list?
Resource Center
Buyers Guide
Find industry businesses by product or service categories, view company profiles and more.
Club Industry Trade Show
Club Industry Show and Conference, held each October, is the premier event for fitness and wellness professionals. Find out more about Exhibitors, Events, and Education.
Industry Events & Trade Shows
The industry-wide calendar features listings for educational events, trade shows and more.
Classifieds
View classified ads for health club equipment and services, plus business opportunities and job postings.
Current Issue
Read stories from the latest print issue of Club Industry magazine.
Club info and News
Read news about some of the biggest names in the industry.
- 24 Hour Fitness
- Anytime Fitness
- Bally Total Fitness
- Crunch Fitness
- Club One
- Curves
- Equinox
- Gold's Gym
- Health Fitness Corp.
- LA Fitness
- Life Time Fitness
- Lifestyle Family Fitness
- Planet Fitness
- Plus One Management
- Powerhouse Gyms
- Snap Fitness
- Spectrum Athletic Clubs
- Sport & Health
- Town Sports International
- Sports Club Co.
- Urban Active
- Wellbridge
- Western Athletic Clubs
- World Gym
E-Newsletter Signup
Breaking news on the industry, people on the move, mergers and acquisitions and much more. Delivered weekly.
McLEAN, VA -- Titan Fitness has acquired two Gold’s Gym locations in Reno, NV, and Sparks, NV, for an undisclosed price, the company announced this week. At 16 clubs, Titan, McLean, VA, is one of the largest Gold’s Gym franchisees in the United States.
The two locations are the first in the state of Nevada for Titan, which also has clubs in North Carolina and Minnesota. However, Aaron Lieberman, chief development officer, says more acquisitions or greenfield locations in the Reno area are probable now that the company has its foot in the area. The company’s goal is to increase organic growth through both acquisitions and new store development to 60 locations during the next five years.
“Our investors want us to keep doing deals where deals make sense,” Lieberman says. The company’s equity partners are WestView Capital Partners and National City Equity Partners.
Titan acquired the two health clubs from Brad Kloss and Kevin Gustafson. Kloss, who was majority owner of the clubs as well as of several Minnesota facilities that Titan previously purchased, will serve in a consulting role for at least a year, Lieberman says.
Titan asked all of the clubs’ employees, including senior leaders, to stay with the company, and because Kloss and Gustafson will be leaving, the opportunity for promotions for some individuals is in the works, Lieberman says.
Lieberman says that the two clubs are a terrific representation of what Gold’s Gym should be--as beautifully designed and equipped clubs. The Reno and Sparks Gold’s Gyms include a comprehensive amenity mix with swimming pools, basketball courts, group exercise programming, a women’s workout area, kid’s club, tanning beds and a juice bar, plus a wide selection of cardiovascular, strength and circuit equipment.
“We have known the Titan Fitness leadership team for many years and have confidence that they are the right group to continue to grow the Gold’s Gym brand in this market,” Kloss said in a release from the company.
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
Acceptable Use Policy blog comments powered by Disqus