Member News — Cole Schotz Advised Delos Capital on Majority Investment in US Fitness
June 4th, 2018
Cole Schotz P.C. represented Delos Capital in its majority investment in US Fitness, the leading operator of high amenity, high value health and fitness clubs across the Mid-Atlantic and Southeast United States. HRS Management, the family office of Apollo Management co-founder Joshua Harris, invested alongside Delos.
US Fitness, which operates the Onelife Fitness, Crunch Fitness, and Sport & Health brands, has 46 club locations that encompass 2.5 million square feet. The health clubs feature state-of-the-art fitness equipment, individual and group personal training and group exercise classes for all fitness levels including Pilates, yoga, dance, metabolic training and all of the latest in effective workouts. US Fitness will be opening six new clubs in 2018 in Maryland, Coastal Virginia, and Atlanta, and with the new investment, the company plans to add five to six clubs each year over the next five years.