US Fitness Holdings, McLean, VA, announced today it has acquired Atlanta Fitness and added its founder to the US Fitness board of directors. Terms were not disclosed.
Atlanta Fitness has five clubs open in the Atlanta area with one set to open this month in Carrollton, GA. The clubs will be rebranded to Onelife Fitness over the next several months, according to US Fitness, which also will add new equipment, club upgrades and expand with additional clubs throughout the Southeast.
John Cristiano, who co-founded Atlanta Fitness with his wife, Mindy, in 2009, will join the US Fitness board of directors and will oversee the growth of the clubs in the Southeast region.
"Being part of the US Fitness family gives us the resources necessary to continue to provide our members with the most elite clubs at the best price," John Cristiano said in a statement.
US Fitness currently has a portfolio of 45 clubs in the Mid-Atlantic region, including Onelife Fitness and Sport & Health clubs, which it acquired in August.
"We have a tremendous amount of respect for John and Mindy and have known them personally and professionally for over two decades," Kirk and John Galiani, co-executive chairmen of US Fitness, said in a joint statement. "We have followed the extremely successful business model they developed and are excited to have them as part of our team."
Mark Fisher, CEO of US Fitness and formerly CEO of Sport & Health, added: "After spending time with the Atlanta Fitness management team, we realized how aligned our companies are in our mission to inspire people to improve their lives through health and fitness and deliver the ultimate fitness experience. They are a wonderful extension of our existing clubs and a valuable addition to our growing fitness family."
Dechert LLP served as legal adviser to US Fitness, and Benefit Street Partners LLC provided the debt financing as the sole lead arranger and sole book running manager, according to US Fitness.