Genesis Health Clubs, Wichita, Kansas, has purchased four corporate-owned Gold's Gym locations in the Kansas City metro area.
The acquired locations are on Oldham Parkway in Lee's Summit, Missouri; West 119th Street in Olathe, Kansas; Ditzler Avenue near Liberty, Missouri; and North Boardwalk Avenue in Kansas City, Missouri, according to the April 29 media release announcing the acquisitions. Terms of the deal were not disclosed. The Westport Gold's Gym in Kansas City, Missouri, is independently owned and not part of the transaction.
During the past five years, Genesis has made 13 other acquisitions in Kansas and Missouri, doubling its footprint. New clubs in Kansas came from the purchase of Maximus Fitness in Lawrence and Leavenworth in 2011 and then the three Maximus Fitness locations in Topeka in 2014. The company also purchased MAX Fitness in Manhattan, Kansas, and Midtown Athletic Club in Overland Park, Kansas, in 2015. In Missouri, Genesis acquired St. Joseph Tennis and Swim Club in 2013 and two Ozark Fitness clubs in Springfield in 2014.
"Over the past several years we have moved into many markets that I have wanted to open clubs in for some time," Rodney Steven II, the owner and president of Genesis, said in a statement. "I've always wanted to have a presence in Kansas City, and our Overland Park club has been a perfect fit for our brand. I'm excited that we have the opportunity to open four more clubs in the market, and KC can expect more exciting news of growth in the future."
Genesis has 25 locations in Kansas and Missouri. Genesis has clubs in every Kansas city with a population greater than 30,000 people. Genesis worked with Gold's Gym on the sale of the four locations for several months, according to a letter sent by Steven to Gold's Gym members.
"We know that the members and employees of these four clubs will be in good hands with Genesis – which was our top priority when we agreed to sell these clubs," Brandon Bean, CEO, Gold's Gym, said in a statement. "They are great operators with a presence in the Kansas City market that is now stronger than ever."