O2 Fitness, Raleigh, North Carolina, has acquired three former Gold’s Gym locations in Wilmington, North Carolina, the company announced on Nov. 8. The purchase price of the clubs, which were owned by Mike Valentino, was undisclosed. The clubs will be rebranded as O2 Fitness.
With the purchase, O2 Fitness now has 27 clubs through North and South Carolina, five of those in Wilmington. The company noted in a media release that it plans to grow to 29 clubs before the end of the year with the opening of a club in Raleigh later this month and the opening of a club in Holly Springs, North Carolina, in late December.
The company also plans to expand to new markets in the future, Michael D. Olander Jr., founder and CEO of O2Fitness, said in the release. He did not specify which markets.
“It is an exciting time for O2 Fitness as we continue to grow while refining our overall model and member experience focus," Olander said. "We feel we have found a unique approach that provides a first-class fitness experience while remaining accessible to anyone who values health and fitness."
In August, O2 Fitness relocated its Wake Forest, North Carolina, club to a new space that is more than twice the size of the previous club. On Oct. 1, O2 Fitness opened a new South Carolina flagship club in Charleston’s James Island.