Town Sports International Holdings Inc. (TSI), New York, announced on Feb. 22 that it has entered into an agreement to acquire San-Diego-based Total Woman Gym + Spa. The terms of the agreement were not disclosed.
In a media release, TSI confirmed all 12 of Total Woman’s female-centric health clubs in California will continue to operate under their original brands and names. The locations are in Alameda, Glendale, Irvine, Laguna Hills, Northridge, Placentia, San Jose, Studio City, Torrance, Valencia, Westlake Village and Woodland Hills.
"The opportunity to expand into California with a well-known brand was an easy decision," TSI CEO Patrick Walsh said of the 53-year-old company.
TSI intends to "enhance and expand" Total Woman's amenities through its "robust digital offering in addition to new tailor made training programs," according to the release.
In July 2017, Walsh and TSI acquired Lucille Roberts' 16 New York City-area, women-only clubs. Lucille Roberts clubs also retained their branding and "virtually all club employees." Walsh called the acquisition "a prime example of TSI's targeted growth strategy."
TSI will report its 2017 year-end and fourth quarter earnings on Feb. 28.
The company was ranked No. 6 on Club Industry's Top 100 Health Clubs of 2017 with $396.92 million in 2016 revenue.