EoS Fitness has purchased Texans Fit, a five-gym chain owned by the Houston Texans NFL team and fitness company M6 Football, EoS announced on April 6.
The purchase price was not disclosed.
M6 Football is owned by former 24 Hour Fitness CEO and founder Mark Mastrov, who has partnered with several NFL teams to open gyms branded to their teams, promising members can work out like the pros. Pricing at these clubs can range from $49 to $99 for individuals and $124 for families, according to Front Office Sports, who featured the growth of these NFL-branded gyms in an article in 2020. Memberships at EoS Fitness clubs start at $9.99 per month. The company will have information on membership packages after updating its members in the coming weeks, EoS Fitness said.
Each of the clubs will be rebranded to EoS Fitness, and the company is assessing possible upgrades and renovations as well as the day-to-day operations.
The acquisition brings EoS Fitness’ total club count to 75 open gyms and expands its Texas presence.
Texas became the base for EoS Fitness in May 2022 after the company moved its headquarters from Phoenix to Dallas. The move was made to offer a more centralized location for national support to its gyms as the company plans to expand across the country, according to the announcement.
In January 2019, EOS Fitness received a $120 million one-loan debt facility from New York-based lender Golub Capital to refinance and ultimately expand its club footprint in the United States. At that time, EoS had 30 locations across Phoenix, Las Vegas and Southern California. It now has 75 clubs in Arizona, California, Florida, Nevada, Texas and Utah.
The acquisition of Texans Fit is part of the company’s continued growth plans in existing and new markets throughout 2023, according to Rich Drengberg, EoS Fitness CEO.
EoS plans growth in states where it already has a footprint and expansion into new states with more than 100 gyms planned to open through 2028, which would give the company more than 200 locations at that time, the company said in the announcement.
EoS Fitness has more than 15 additional locations opening this year. It opened the doors to its first Texas location earlier this year and is opening another Houston-area gym later this month in Spring, Texas.
It projects it will open more than 50 new gyms in the Greater Houston area and the Dallas/Forth Worth Metroplex over the next five years, the company said.
Texans Fit had employed approximately 120 employees at its gyms. All gym-level employees have been given the option to remain employed through EoS Fitness after the acquisition, and gym services will continue uninterrupted.