Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Sale to LNK Partners
Baird served as the exclusive financial advisor to Fitness Connection
Fitness Connection (the “Company”), a portfolio company of WestView Capital Partners (“WestView”), was recently acquired by LNK Partners (“LNK”). Terms of the transaction were not disclosed.
Fitness Connection is a leading developer, acquirer and manager of health clubs. The Company’s strategy combines value pricing of $9.95 - $19.95 per month and no long-term contract obligation with a full range of amenities and services including personal training, kid’s club, group exercise classes and access to swimming pool, basketball, racquetball, women’s only areas, cardio movie theatre, sauna, steam room and tanning facilities. The Company currently has 28 locations in North Carolina, Texas, and Nevada, which typically range from 35,000 to 60,000 sq. ft. The Company is headquartered in McLean, Virginia.
WestView Capital Partners is a private equity firm focused exclusively on lower middle market companies in a wide range of industries, including business and technology services, industrial and manufacturing, healthcare services, consumer and retail, distribution and logistics, media/publishing and financial services. WestView is located in Boston, Massachusetts.
LNK Partners is a private equity firm whose partners have extensive experience successfully investing in or operating many leading consumer and retail businesses, including Staples, Quaker Oats, Pepsi, Gatorade, Life Time Fitness, Levi Strauss, PVH/Calvin Klein/Tommy Hilfiger, Campbell’s, Pepperidge Farm, Godiva and Yankee Candle. LNK is located in White Plains, New York.