The two remaining Maryland Athletic Club (MAC) locations owned by Tim and Liz Rhode have been sold to acac Fitness & Wellness Centers, Charlottesville, Virginia, according to an announcement from acac. The sale price of the locations in Timonium, Maryland, and Hunt Valley, Maryland, was not disclosed.
The Rhodes will retain an undisclosed percentage of ownership in the clubs, according to Phil Wendel, owner of acac, who has been an investor in the MAC since its opening in 1996. The two clubs will be rebranded as acac.
In July, the Rhodes sold their Harbor East club in downtown Baltimore to Wellbridge, Denver, Colorado, for an undisclosed sum.
Wendel told Club Industry that the Harbor East club had a younger and more transient membership, which made it less of a candidate for acac's medical competencies. acac has a physician referred exercise program (p.r.e.p.) and partnerships with the medical community in each of its club cities. As of August 2015, acac clubs had already received more than 3,200 physician referrals this year. acac clubs in Charlottesville and Midlothian, Virginia, are certified as medical fitness facilities by the Medical Fitness Association of America, a division of the American Hospital Association.
Going forward, acac will provide management resources and oversight of the MAC’s Timonium and Hunt Valley clubs. The Rhodes will assume roles with Legacy Management, acac’s parent company. Wendel said that Tim will use his construction management and presentation competencies while Liz will use her expertise in group exercise and front-of-house operations.
The MAC tied for No. 64 on Club Industry's Top 100 Clubs list this year with 2014 revenue of $12.5 million, a 4.5 percent decrease from 2013. The company reported that it had 300 employees and 8,000 memberships at the end of 2014. Its memberships ranged from $69 for single memberships to $98 for family memberships.
acac ranked No. 31 on the list with $46.14 million in 2014 revenue, a 10 percent increase from 2013. The company noted at that time that it had eight clubs, 1,550 employees and 25,314 memberships at the end of 2014. Its membership dues ranged from $91 for singles to $154 for families.
With the purchase of these two MAC locations, acac now has 10 clubs: six large flagship facilities, three express clubs and one youth center.
“The MAC has an outstanding team of club professionals and a strong, loyal membership base,” Wendel said in the announcement. “Our immediate plans for the Timonium and Hunt Valley clubs include facility reinvestment and building even stronger medical partnerships in the greater Baltimore area with healthcare providers.”